Wednesday 24 April 2019

Nasdaq leading the way

US equity indexes closed a little mixed, sp -6pts (0.2%) at 2927. Nasdaq comp' -0.2%. Dow -0.2%. The two leaders - Trans/R2K, settled +0.9% and +0.2% respectively.




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.

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

Goodnight from London
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