Monday 15 October 2018

Still leaning weak

US equity indexes closed rather mixed, sp -16pts (0.6%) at 2750. Nasdaq comp' -0.9% to 7430. The two leaders - Trans/R2K, settled +0.6% and +0.4% respectively. VIX settled -0.05% at 21.30. Near term outlook offers a marginally lower low to around sp'2700.




US equities opened little weak, seeing a low of 2749, and then clawing upward to 2775.99 in the 2pm hour.. fractionally breaking above the Friday high. The closing hour saw a distinct reversal, settling moderately lower at 2750.

Volatility saw a mixed day, settling effectively u/c in the 21s. S/t outlook offers equity cooling of around 2% to 2700, and that will likely equate to VIX 24/27s.

Bonus chart: China, monthly

The Shanghai comp' saw a Monday decline of -1.5%, and with 12 trading days left of the month, that makes for a current net monthly decline of -9.0%. Ugly... real ugly. Again, I have to wonder that the communist leadership are actually happy to see the capitalistic speculators hurt by lower prices.

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

Goodnight from London
If you value my work, subscribe to me.
For details: