Friday, 16 August 2019

Gains into OPEX

US equity indexes closed significantly higher, sp +41pts (1.4%) at 2888. Nasdaq comp' +1.7%. Dow +1.2%. The two leaders - Trans/R2K, settled +2.1% and +2.2% respectively.




US equities opened moderately higher, and built significant gains into the early afternoon to 2891, just 3pts shy of tagging the Wednesday opening gap. The closing hour saw pretty standard opex chop.

Volatility was naturally ground lower, with the VIX settling -12.8% at 18.47. The s/t cyclical setup favours the equity bears to sp'2860/50s with VIX 19/20.

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

Goodnight from London
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