Thursday, 6 June 2019

The Longest day

US equity indexes closed somewhat mixed, sp +17pts (0.6%) at 2843. Nasdaq comp' +0.5%. The two leaders - Trans/R2K, settled -0.9% and -0.2% respectively.




US equities opened in minor chop mode, although the Transports and R2K were distinctly weak by late morning. The afternoon saw another wave higher on a Bloomberg headline that the US Govt' is considering delaying the Mexican tariffs.

Volatility was itself subdued, with the VIX settling -1.0% at 15.93. The s/t cyclical setup favours the equity bears, a test of the 2800 threshold isn't a stretch ahead of the weekend.

More green than the Transports

The Longest day

Its been 75 years since allied forces began the battle to re-take France, and the rest of mainland Europe from the Nazis. For today at least, the red and green flashing boxes seemed entirely inconsequential.

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

Goodnight from London
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: