Thursday 28 March 2019

Leaning upward into end month

US equity indexes closed on a positive note, sp +10pts (0.4%) at 2815. The two leaders - Trans/R2K, settled +1.2% and +0.8% respectively. Nasdaq comp' +0.3%. Near term outlook favours the bulls into end month/Q1.




US equities saw a day of relatively minor chop, but still mostly leaning on the upward side. Volatility saw a high of 15.62, but settled -4.7% at 14.43.

Friday will be end month/Q1, and some degree of window dressing can be expected, which will inherently favour the bulls. March is on track to settle outright bullish for 4 of the 6 main indexes (Trans and R2K the exceptions).

High above

Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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