sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, but it was still enough for the Nasdaq comp' to break a new historic high of 8139. The SPX broke a fractional new multi-month high of 2936.83, before taking a moderate swing lower into late afternoon.
Volatility picked up a little, with the VIX settling +7.0% at 13.14. The s/t cyclical setup for Thursday does favour the equity bears, but I'm not really expecting anything particularly significant.
Nasdaq, monthly, 12yr
With the Nasdaq breaking a new historic high, the other indexes can be expected to follow in the days and weeks ahead.
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Goodnight from London
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