Friday 18 May 2018

Opex chop

US equity indexes closed a little mixed, sp -7pts at 2712. The two leaders - Trans/R2K, settled -0.1% and +0.1% respectively. VIX settled -0.1% at 13.42. ear term outlook still threatens a washout to the sp'2670s, before swinging upward to the 2800s in June.




Equities opened a little weak, and remained in micro chop mode for the day.Volatility was naturally subdued, melting fractionally lower into the close, settling in the mid 13s.

Near term outlook still threatens a mini washout to the sp'2670s, which would arguably equate to VIX 16/17s. Broadly though, the US equity market appears rather strong. The fact the R2K broke another new historic high today certainly gives some support to that view.

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

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

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