Monday 6 April 2020

Light at the end of the tunnel

US equity indexes closed very powerfully higher, sp +175pts (7.0%) at 2663. Nasdaq comp' +7.3%. Dow +7.7%. The Transports settled +7.3%.




US equities opened powerfully higher, inspired by a rather positive US President.. from Sunday evening, whom believes he can see the proverbial 'light at the end of the tunnel'. On that note, my early title for Monday's post was indeed 'light at the end of the tunnel'.

Shortly after... the US President...

The afternoon saw considerable chop, with the closing hour seeing SPX spiking upward.

Volatility was in cooling mode, the VIX settling -3.3% at 45.24. Tuesday will offer a turnaround, and in theory, the mainstream should have another 'reality check' before the Easter break.

Bullish moon.... 97.1%
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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