US equities opened moderately higher, and built very significant gains into the late afternoon.
Meanwhile, the US President couldn't resist...
... taking yet another swipe at the Fed. I have to wonder if Powell is aware of just how much Trump is tweeting about him and the institution he leads.
Volatility was naturally lower, with the VIX cooling for a third day, settling -13.2% at 16.91.
As for ascending into the danger zone, equity bulls have seen a powerful bounce from sp'2822 to 2938. Despite the daily close above the 50dma, a bounce is very likely what it is. Many do recognise the next few months will likely see a number of bouts of very volatile market action.
From a trading perspective, it will offer a great many opportunities, both short and long side. Yours truly remains particularly focused on the precious metals and the related mining stocks, both of which are increasingly m/t bullish.
|Korean A-380 ascending...|
|... and fading away.|
|A glimpse of sun... before the storm|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: permabeardoomster.com