Wednesday, 19 February 2020

Just another new historic high

US equity indexes closed moderately higher, sp +15pts (0.5%) at 3386. Nasdaq comp' +0.9%. Dow +0.4%. The Transports settled +0.7%.




It was just another day for the equity bulls, opening moderately higher, and pushing to a new historic high of 3393 in mid afternoon. The late afternoon saw a touch of cooling, as the market is s/t cyclically over-stretched.

Volatility was ground back lower, with the VIX settling -3.0% at 14.38. Whilst Thursday will offer a cooling wave, Friday will lean to broad chop for opex.

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

Goodnight from London
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