Friday, 3 May 2019
Positive into the weekend
US equity indexes ended the week on a very positive note, sp +28pts (1.0%) at 2945. Nasdaq comp' +1.6%. Dow +0.7%. The two leaders - Trans/R2K, settled +1.6% and +2.0% respectively.
With the market deeming the jobs data as Goldilocks, equities ended the week on a positive note. The s/t cyclical setup always favoured the bulls, but still, today's gains were stronger than expected. Volatility was naturally subdued, with the VIX ground lower, settling -10.7% at 12.87.
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: permabeardoomster.com