Thursday 13 February 2020

The Corona story continues

US equity indexes closed a little weak, sp -5pts (0.2%) at 3373. Nasdaq comp' -0.1%. Dow -0.4%. The Transports settled -0.1%. Near term outlook favours some cooling into the long weekend.




US equities opened moderately lower, as the mainstream were spooked by a very large jump in Corona case numbers of 45k > 60k. The dip buyers appeared though, with the SPX breaking a new historic high of 3385 in mid afternoon. The closing hour saw a touch of cooling.

Key map:

Volatility picked up, with the VIX settling +3.0% at 14.15. Near term outlook does lean the equity bears into the long weekend.

Another day of sunshine and showers
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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