Friday 15 March 2019

Quad-opex strength

US equity indexes closed moderately mixed, sp +14pts (0.5%) at 2822. Nasdaq comp' +0.8%. Dow +0.5%. The two leaders - Trans/R2K, settled -0.3% and +0.2% respectively




US equities opened moderately higher, breaking a new multi-month cycle high in the early afternoon of 2830. This was just 110pts (3.9%) from the Sept' historic high, and a monstrous 484pts (20.6%) above the Dec' low. The late afternoon saw a little cooling

Volatility was in melt mode, with the VIX breaking a new cycle low of 12.50, settling -4.6% at 12.88.

No sunshine for the bears.
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: