Wednesday 4 March 2020

Midweek bounce

US equity indexes closed powerfully higher, sp +126pts (4.2%) at 3130. Nasdaq comp' +3.8%. Dow +4.5%. The Transports settled +3.4%.




US equities opened very significantly higher, and despite some shaky price action, clawed upward across the day.

Volatility was in cooling mode, the VIX settling -13.1% at 31.99. S/t outlook offers another powerful swing lower, but that appears far more viable early next week, after some Corona announcements... likely due after the Friday close.


South Korea, Italy, and Iran, remain key secondary breakouts. The rest of Europe and the USA/Canada are clearly set to follow.

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

Goodnight from London
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