Friday 26 April 2019

Ending positive

US equity indexes ended the week on a positive note, sp +13pts (0.5%) at 2939. Nasdaq comp' +0.3%. The two leaders - Trans/R2K, settled +0.3% and +1.0% respectively. Near term outlook favours the bulls into end month.




US equities opened a little weak, but the bears could only manage sp'2917, before the market leaned back upward into the afternoon. The day ended on a positive note, with a new multi-month high of sp'2939.

Volatility was naturally subdued, with an early pop to 13.62, but then melted back lower to settle -3.9% at 12.73. The s/t cyclical setup will favour the equity bulls for the remaining two trading days of April.


Another day closer to the UBER IPO... due sometime in May. It was very apt to have a garbage truck pass in front of a Goldman Sachs building, filled with people being trained for the roadshow, to convince the mainstream that UBER stock is a good investment. Good luck with that.

Sunshine before Atlantic storm Hannah
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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