Friday 3 January 2020

Drama to end the week

US equity indexes closed moderately lower, sp -23pts (0.7%) at 3234. Nasdaq comp' -0.8%. Dow -0.8%. The Transports settled -0.8%.




With some spooky geo-political news, equities opened significantly lower. However, the bears could only manage an opening low of sp'3222. There was considerable chop, with the closing hour seeing a slight case of 'rats selling into the weekend'.

Volatility printed 16.20 in pre-market, 14.96 in cash-market, and settling +12.4% at 14.02.

The weekend certainly threatens further developments between the US/Iran. Sunday night futures (the wheel spins up 6pm EST) might merit some attention.

Cruising high above the London metropolis

First sunset of the year/decade

Next full moon is Jan'10th
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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