Monday 23 December 2019

Cruising into Christmas

US equity indexes closed a little higher, sp +2pts (0.1%) at 3224. Nasdaq comp' +0.3%. Dow +0.2%. The Transports settled +0.1%.




US equities opened on a positive note, and it was enough to see the SPX break a new historic high.

The departure of the Boeing (BA) CEO Muilenburg caught some mainstream attention.

Muilenburg resigned with immediate effect, and will be replaced by Calhoun, Jan'13th. He has a tough year ahead, and whilst the 737MAX can be expected to be flying again this spring, I want to note this...

If there is one (probably to be leaked) pilot's report of further 'difficulties' with the plane, I'd expect another grounding... and one that could easily become permanent.

The real story - that is still largely ignored by the mainstream, is that Boeing are trying to solve a hardware problem via a software fix. No. No. HELL NO!  This is NOT the way.

BA, monthly

There is a viable H/S formation. I would note the spike low of $285s. ANY price action <285 would merit alarm bells, and threaten the $140s. For now, the stock is broadly... turbulent.

Volatility remained subdued, with the VIX settling +0.8% at 12.61.

Sideline video on population...

Whilst any outlook is to be seen as speculative, the above is a pretty reasonable guess. I would note the massive growth in Nigeria.

Cruising above the London skies

One sunset closer to summer 2020

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

Goodnight from London
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