Friday 1 November 2019

Ending the week strong

US equity indexes closed significantly higher, sp +29pts (1.0%) at 3066. Nasdaq comp' +1.1%. Dow +1.1%. The Transports settled +2.3%.




US equities ended the week on a strong note, with the SPX and Nasdaq comp' breaking new historic highs.

Volatility was in cooling mode, settling -7.0% at 12.30. Whilst the market is s/t over-stretched, with no less than SIX downside gaps, today's equity candle offers zero sign of a s/t ceiling/turn.

Goodnight from London
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