Tuesday 9 October 2018

Tuesday chop

US equity indexes closed rather mixed, sp -4pts (0.1%) at 2880. The two leaders - Trans/R2K, settled -1.8% and -0.4% respectively. VIX settled +1.6% at 15.95. Near term outlook offers a bounce into the weekend, with key financial earnings on Friday.




It was a choppy day in equity land, with the sp' opening weak to 2874, but then swinging upward to 2894, and settling fractionally weak at 2880.

Volatility opened in the mid 17s, but then quickly cooled, settling in the upper 15s. The s/t outlook offers equity upside into the weekend. Earnings from a quartet of financials should help!

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

Goodnight from London
If you value my work, subscribe to me.
For details: https://permabeardoomster.blogspot.co.uk/p/subscriptions.html