Monday 30 September 2019

Another quarter settles

US equity indexes settled September/Q3 on a positive note, sp +14pts (0.5%) at 2976.  Nasdaq comp' +0.7%. Dow +0.4%. The two leaders - Trans/R2K, both settled +0.2%.

sp'daily5



VIX'daily3



Summary

US equities ended September/Q3 on a positive note, with the SPX moderately higher by 14pts (0.5%) to 2976. The s/t downward trend remains intact though, as price remains moderately negative.

Volatility was in melt mode, with the VIX settling -5.7% at 16.24. S/t outlook leans to another swing lower, with prime target of the sp'2920s with VIX 19/20.

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Goodnight from London
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