sp'daily5
VIX'daily3
Summary
US equities opened weak to 2772, and saw a little recovery into early afternoon. There was a secondary wave lower into the closing hour to 2764, but then a late day mini ramp (for no good reason). Volatility picked up a little, with VIX printing 15.17, and settling +3.1% at 14.46.
IPOs on the menu
Lyft is set to IPO late March, notably ahead of UBER. If equities take another swing lower, even as small as just 5%, the mainstream are going to be twitching again, and some of the IPOs will be delayed for reasons of 'adverse market conditions'.
--
--
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
