Monday 12 August 2019

Increasing mainstream concerns

US equity indexes closed significantly lower, sp -35pts (-1.2%) at 2882. Nasdaq comp' -1.2%. The two leaders - Trans/R2K, settled -1.8% and -1.2% respectively.




US equities began the week significantly lower, as the market was especially spooked by increasing China/HK tensions. Last Friday's low of 2900 was taken out, with an afternoon low of 2873.

Volatility naturally picked up, with the VIX seeing a high of 21.26, and settling +17.4% at 21.09. S/t outlook does favour the equity bulls... if only for early Tuesday.

Full moon is this Thurs' Aug'15th.
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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