Wednesday 21 November 2018

Into the Thanksgiving break

US equity indexes settled into Thanksgiving on a positive note, sp +8pts (0.3%) at 2649. The two leaders - Trans/R2K, settled +1.5% and +1.3% respectively. VIX settled -7.5% at 20.80. Near term outlook offers further weakness, with November on track to settle outright bearish.




US equities caught a bounce into the Thanksgiving break, with the sp' seeing a morning high of 2670. There was afternoon cooling though, especially into the close.

Volatility was naturally in melt mode, but settling above the key 20 threshold. S/t outlook offers a weak equity open for the Friday half session, but the market should have opportunity to lean back upward into next week.    

Bonus charts...

Germany, monthly

The DAX is currently -1.8% at 11224. The m/t trend is bearish. Soft psy' 10K, then 8k.

Japan, monthly

Currently net lower by -1.9% at 21507. Things turn decisively m/t bearish under the Oct' low of 20971.

One month until the winter solstice

Yet another group successfully escape the UK
Extra charts in AH (usually around 7pm EST) @

To my US readers.... happy Thanksgiving!

Goodnight from London
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