Thursday 16 May 2019

A third day higher

US equity indexes closed broadly higher, sp +25pts (0.9%) at 2876. Nasdaq comp' +1.0%. The two leaders - Trans/R2K, settled +1.2% and +0.6% respectively. Friday OPEX should lean to the bears.




US equities opened moderately higher, and built strong gains into the early afternoon. The afternoon saw some choppy cooling, especially within the closing hour, but it still made for a third consecutive net daily gain.

Volatility was ground lower, with the VIX printing 15.16, and settling -7.0% at 15.29. The s/t cyclical setup will favour the equity bears for Friday OPEX, with the sp'2850s very much within range.

More lucky people fleeing the UK

Sunny... but chilly.
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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