Tuesday 16 April 2019

Tuesday chop

US equity indexes closed on a fractionally positive note, sp +1.5pts at 2907. Nasdaq comp' +0.3%. The two leaders - Trans/R2K, settled +0.1% and +0.2% respectively.




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US equities opened moderately higher, partly inspired by strength in Asian and European markets.  From a new multi-month high of sp'2916, there was some cooling to fill the opening gap in mid afternoon, with further chop into the close.

Volatility was subdued, with the VIX printing 11.99 (normal market hours), and settling -1.1% at 12.18. The s/t cyclical setup will (at least marginally) favour the bears for the remaining two trading days of the week.

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Goodnight from London
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