Friday 18 October 2019

Weakness into the weekend

US equity indexes closed mostly on a weak note, sp -11pts (0.4%) at 2986. Nasdaq comp' -0.8%. Dow -0.9%. The Transports settled +0.1%. Near term outlook offers cooling to sp'2911/2893.




US equities opened in minor chop mode, but leaning on the weaker side. The early afternoon saw increasing weakness, not helped by spooky news about Boeing.

Volatility picked up a little, with the VIX settling +3.3% at 14.25. Regardless of the BREXIT related drama this weekend, the market is due some cooling to legacy gap of sp'2911/2893.

Autumnal chill... 10c/50f

Will the UK take the dark and twisted path to BREXIT?
Extra charts in AH (usually around 5pm EDT) @

Goodnight from London
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