sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, although the Transports and R2K were distinctly weak by late morning. The afternoon saw another wave higher on a Bloomberg headline that the US Govt' is considering delaying the Mexican tariffs.
Volatility was itself subdued, with the VIX settling -1.0% at 15.93. The s/t cyclical setup favours the equity bears, a test of the 2800 threshold isn't a stretch ahead of the weekend.
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| More green than the Transports |
The Longest day
Its been 75 years since allied forces began the battle to re-take France, and the rest of mainland Europe from the Nazis. For today at least, the red and green flashing boxes seemed entirely inconsequential.
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Goodnight from London
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