Thursday 2 May 2019

Thursday swings

US equity indexes closed rather mixed, sp -6pts (0.2%) at 2917. Dow -0.5%.  The two leaders - Trans/R2K, settled +1.2% and +0.4% respectively. Near term outlook offers upside into the weekend... assuming 'Goldilocks' jobs data.




US equities opened fractionally weak to 2918, swung upward to 2931, only to then implode to the 2900 threshold in late morning. That was all the bears could manage though, and it made for a natural s/t floor, before choppy afternoon upside to settle just a little lower at 2917. The two leaders - Trans/R2K, notably both settled net positive, and it bodes bullish for the rest of the market.

Volatility saw high of 15.92 with sp'2900, before cooling back lower, to settle -2.6% to 14.42. The s/t cyclical setup favours the bulls into the weekend.


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

Goodnight from London
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