Tuesday 19 February 2019

Supermoon Tuesday

US equity indexes closed a little higher, sp +4pts (0.1%) at 2779. Nasdaq comp' +0.2%.  The two leaders - Trans/R2K, settled +0.5% and +0.3% respectively. VIX settled -0.2% at 14.88. Wed/Thurs' should lean to the equity bears.




It was a subdued start to the week, with the morning consisting entirely of minor chop. The afternoon did see some distinct algo-bot upward melt, with the spx breaking a new cycle high of 2787.

Volatility opened to 16.15, but immediately started to cool. The afternoon saw the VIX break a new multi-month low in the mid 14s... confirming the equity strength.

Another ten year anniversary

Its been a full decade since Rick Santelli went on his tea party rant...

Perhaps the most surprising thing since that time is that NBC/CNBC haven't kicked Santelli off the network. I can only assume they want at least one 'token opposition' to play against.

Another day closer to spring
The supermoon
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
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