Tuesday 1 May 2018

A normal Tuesday

US equity indexes closed moderately mixed, sp +6pts at 2654. The two leaders - Trans/R2K, settled -0.3% and +0.5% respectively. VIX settled -2.8% at 15.49. Near term outlook offers a push into the low 2700s.




US equities opened a little weak, and choppily declined to an afternoon low of 2625. There was a rather typical latter day 'turnaround Tuesday' ramp, with the sp' settling a little higher at 2654. The s/t setup for Wed' is rather bullish, as a foray into the low 2700s looks probable.

Volatility remained subdued, with the VIX settling in the 15s.

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Goodnight from London
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