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.

sp'daily5



VIX'daily3



Summary

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.

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Goodnight from London
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