Chop into the weekend

US equity indexes closed moderately mixed, sp -3pts (0.1%) at 2485. Nasdaq comp' +0.1%. Dow -0.3%. The two leaders - Trans/R2K, settled -0.5% and +0.5% respectively. Near term outlook offers an attempt to break back above the Feb' floor of 2532.

sp'daily5

VIX'daily3

Summary

US equities opened moderately higher, saw a high of 2508, and then swung lower to 2472. That was all the bears could manage though, with another swing higher to 2520 in late afternoon.The closing hour saw a sig' swing lower, but settling just fractionally lower.

Volatility saw a morning peak in the 33s, but then melted lower, lower for a third consecutive day, settling in the mid 28s.

Goodnight from London
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