sp'daily5
VIX'daily3
Summary
US equities opened a little weak, but the bears could only manage sp'2917, before the market leaned back upward into the afternoon. The day ended on a positive note, with a new multi-month high of sp'2939.
Volatility was naturally subdued, with an early pop to 13.62, but then melted back lower to settle -3.9% at 12.73. The s/t cyclical setup will favour the equity bulls for the remaining two trading days of April.
Meanwhile...
Another day closer to the UBER IPO... due sometime in May. It was very apt to have a garbage truck pass in front of a Goldman Sachs building, filled with people being trained for the roadshow, to convince the mainstream that UBER stock is a good investment. Good luck with that.
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| Sunshine before Atlantic storm Hannah |
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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