Friday 11 May 2018

Chop into the weekend

US equity indexes closed moderately mixed, sp +4pts at 2727. The two leaders - Trans/R2K, settled +1.0% and +0.2% respectively. VIX settled -4.4% at 12.65. Near term outlook offers upside to sp'2741/52, before the next cooling wave.




It was mostly a day of minor chop. The market saw early moderate gains to 2732, but there was natural cooling from the 11am typical turn time. Trump speaking about drug pricing was the excuse for minor mid afternoon declines, but then a late day moderate swing upward to settle fractionally higher.

Volatility remained very subdued, with the VIX settling lower for a seventh consecutive day, in the mid 12s.

Extra charts in AH (usually around 7pm EST) @

Goodnight from London
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