Friday 22 February 2019

Climbing into the weekend

US equity indexes ended the week on a broadly positive note, sp +17pts (0.6%) at 2792. Nasdaq comp' +0.9%.  The two leaders - Trans/R2K, settled -0.4% and +0.9% respectively.




US equities opened moderately higher, helped via Asian and European market strength. The SPX broke a new cycle high of 2794, which was fully confirmed/supported via a new cycle low in the VIX of 13.67. The afternoon saw a little cooling, but then Trump made an appearance with the Chinese VP... resulting in a mini ramp.

As things are, the March 1st scheduled hike in tariffs is almost certainly going to be delayed.

Climbing into the weekend

A few minutes of serenity... whilst BREXIT is another day closer.
Extra charts in AH (usually around 7pm EST) @

Goodnight from London
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