Friday 9 March 2018

Strength into the weekend

US equity indexes closed significantly higher, sp +47pts (1.7%) at 2786. The two leaders - Trans/R2K, settled +2.6% and +1.6% respectively. VIX settled -11.5% at 14.64. The Nasdaq comp' notably broke a new historic high, +1.8% to 7560, as the rest of the indexes can be expected to follow this spring. Big target remains the sp'2950/3047 zone.




US equities were fractionally choppy in pre-market. The jobs/earnings data resulted in the market jumping upward, and opening moderately higher. The market built rather significant gains across the day, as the data was effectively seen as 'goldilocks'.

With strengthening equities, volatility cooled for a sixth consecutive day, with a notable flash print of 13.31 in pre-market.

Goodnight from London
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