A little cooling

US equity indexes closed moderately mixed, sp -0.4pts at 2473. The two leaders - Trans/R2K, settled -1.0% and u/c respectively. VIX settled -2.1% at 9.58. Near term outlook offers opex-chop into the weekend, with weakness to at least partly fill the gap of sp'2435/25 next week.


sp'daily5

VIX'daily3

Summary

US equities opened a little higher, with a quartet of new index highs for the sp'500, Nasdaq comp', nyse comp' and the R2K. There was an opening reversal, but it never lasted long, with equities challenging a new high in the late afternoon.. but getting stuck.

Market volatility remains very subdued, with the VIX still unable to break and hold the 10s. If sp'2435 next week, that should equate to VIX 11/12s. The low teens look out of range for the rest of the month.
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Just another summer's day

Extra charts in AH @ https://twitter.com/permabear_uk

Goodnight from London
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Scary strong

US equity indexes closed broadly mixed, sp +13pts at 2473. The two leaders - Trans/R2K, settled -0.6% and +1.0%. VIX settled -1.0% at 9.79. Near term outlook still offers a retrace to sp'2435, but it should be clear, the 2500s are coming, with the 2600/700s probable by year end.


sp'daily5

VIX'daily3

Summary

US equities opened somewhat mixed - with notable weakness in the transports (via UAL and CSX), but by late afternoon, we had a quartet of new historic highs in the sp', nasdaq comp', nyse comp', and the R2K.

Market volatility remains broadly very subdued, with the VIX still unable to escape single digits. If sp'2500s... might we see the 8s in late August/early Sept' ?
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Scary strong

I could babble on about dozens of variables, not least how other world markets are trading. I'll merely suggest anyone go stare at the following for a few minutes...

sp'monthly3

Note the upper monthly bollinger, that will be offering the 2500s in August. Further, note the key 10MA, currently at 2326.. and ticking upward by around 25pts a month. Unless we see a monthly close under that, the equity bears have nothing to tout.
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Post storm sun

As ever, extra charts in AH @ https://twitter.com/permabear_uk

Goodnight from London
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Word games

US equity indexes closed moderately mixed, sp +1pt at 2460. The two leaders - Trans/R2K, settled lower by -0.7% and -0.3% respectively. VIX settled +0.7% at 9.89. Near term outlook offers weakness to the sp'2435/25 gap zone, before resuming upward into opex.


sp'daily5

VIX'daily3

Summary

US equities opened a little weak, flooring at sp'2450, with a moderate latter day recovery, clawing slowly upward into the close. Short term price structure offers a baby bear flag, and the market really should cool by 25pts within the next two days.

Market volatility remains broadly subdued, with the VIX settling fractionally higher, but still stuck in the 9s. If sp'2435/25 zone... VIX 12s.. on a stretch. Even the 13s look out of reach this week.
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Word games

I was going to end the day with a mini rant about the 'biggest and brightest' - as inspired by one of my twitter followers, but Oscar Carboni's latest video has swayed me to briefly highlight the issue of word games.

Do you notice how the word 'prediction' is almost taboo these days?

Instead, people use all manner of synonyms:  outlook, forecasts, scenarios, 'best guess', or in the case of Mr Carboni... a 'projection'.

I was never one for word games, I call things as I see it, regardless of whether it might piss off some of you, not least the infamous 'gold bugs'.

Even someone like Martin Armstrong - whom I'd suggest anyone to at least periodically follow, appears too fearful to use the P word. Instead, he goes with the F word. 

Yours truly endeavours to provide the best 'predictions' out there. Some turn out real good... some not so good, but yes.. they ARE predictions. If you'd prefer I use the term 'projections' or 'forecasts'.... you're at the wrong site.

*If you are curious to see the original comments between myself and Mr C, see https://youtu.be/C9OF6RS5zP8  
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Here in the metropolis..

Pre-storm gloom

As ever, extra charts in Ah @ https://twitter.com/permabear_uk

Goodnight from a PREDICTIVE London
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