Tuesday, 15 January 2019

Tuesday strength

US equity indexes closed broadly higher, sp +27pts (1.1%) at 2610. Nasdaq comp' +1.7%. The two leaders - Trans/R2K, settled -0.8% and +0.9% respectively. Near term outlook offers a challenge of the 50dma around sp'2629/28.




US equities opened a little higher, and built gains into midday. The afternoon saw consolidation/minor churn, leaning upward into the close. Yesterday's black volatility candle played out, with the VIX settling -2.5% at 18.60. The 16/15s appear probable with sp'2630 or so.

Extra charts in AH (usually around 7pm EST) @ 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