Witchy Friday

US equity indexes closed on a positive note, sp +4pts at 2752. The two leaders - Trans/R2K, settled +0.8% and +0.6% respectively. VIX settled -4.8% at 15.80. Near term outlook offers moderate swings ahead of the Wed' rate hike. A March settlement >2800 looks increasingly probable, with grander target of 2950/3047 by early summer.


sp'daily5

VIX'daily3

Summary

US equities opened a little higher, and built moderate gains into the afternoon, seeing natural quad-opex chop into the weekend.With equities ending on a positive note, the VIX cooled for a second day, settling in the upper 15s.
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Sunshine between the rains

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Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
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*the weekend post will appear Sat'12pm EST, and will detail the US equity indexes.

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