Monday 26 August 2019

Starting positive

US equity indexes closed significantly higher, sp +31pts (1.1%) at 2878. Nasdaq comp' +1.3%. The two leaders - Trans/R2K, settled +1.0% and +1.1% respectively.




US equities started the week on a positive note, although the gains were pretty shaky, with the SPX cooling to 2856, before swinging back upward into the afternoon.


... it was just another day in the twilight zone, as Pisani of CNBC highlighted the recent phases of 'Trump mood'. Its not a stretch to eventually seeing a little box in one of the corners highlighting what mood phase we're in.

Volatility remained elevated, with the VIX settling -2.8% at 19.32. S/t outlook favours the equity bulls for early Tuesday. More broadly though, price structure is a big bear flag, offering an eventual break lower.

Extra charts in AH (usually around 5pm EDT) @

Goodnight from London
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