Friday 18 January 2019

Gains into the long weekend

US equity indexes closed broadly higher, sp +34pts (1.3%) at 2670. Nasdaq comp' +1.0%. The two leaders - Trans/R2K, settled +2.6% and +1.0% respectively. Near term outlook offers a powerful retrace into end month/early Feb'.




US equities opened moderately higher, and built gains into early afternoon. Further trade chatter/rumours helped inspire things to sp'2675. The late afternoon saw some chop, settling with s/t price structure of a baby bull flag.. suggestive Tuesday will open at least fractionally higher.

Volatility broke a new multi-week low of 17.17, but recovered in the afternoon, settling -1.4% at 17.80, which was notably the opening level. 

Sunshine for the cheerleaders into opex.

160x max zoom.
The above shots were taken with a Canon SX730HS. A Nikon P1000 sure would be a step upward. Maybe with that, I could see Elon's starship fleet invade in 2025?

Yours.. awaiting the lunar eclipse of Sun/Monday.

Goodnight from London
Extra charts in AH (usually around 7pm EST) @
*the weekend post will appear Sat' 12pm EST, and will detail the US equity indexes.
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