Tuesday 4 September 2018

September starts weak

US equity indexes closed a little weak, sp -4pts (0.2%) at 2896. The two leaders - Trans/R2K, settled +0.1% and -0.4% respectively. VIX settled +2.3% at 13.16. Near term outlook offers new historic highs in the sp'2920s.




September, and the final third of the year, began on a weak note, with moderate weakness across much of the day. The sp' saw a low of 2885, just fractionally above the downside gap of 2884/74. Volatility saw 14.35, but then cooled with a slight equity recovery, settling in the 13s. The s/t outlook offers the sp'2920s, and what will likely equate to VIX 12/11s.

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Goodnight from London
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