Wednesday 28 August 2019

The swings continue

US equity indexes closed broadly higher, sp +18pts (0.7%) at 2887. Nasdaq comp' +0.4%. Dow +1.0%. The two leaders - Trans/R2K, settled +1.8% and +1.1% respectively.




US equities opened on a weak note, but sp'2853 was all the bears could manage, and we saw an opening reversal. Equities battled upward to moderate gains into the afternoon, printing 2890, and settling +18pts at 2887.


... it just wouldn't be a normal trading day without at least one tweet from the US President about Print Central.

Volatility saw an early spike to 21.64, but then cooled back, settling -4.7% at 19.35. S/t outlook offers a little further upside in equities, but a break <2822 still appears far more probable than a decisive bullish break >2960.

A glimpse of late summer sunshine

.. as Autumn isn't far off.
Extra charts in AH (usually around 5pm EDT) @

Goodnight from London
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