Trade chatter spike

US equity indexes closed broadly higher, sp +19pts (0.8%) at 2635. The two leaders - Trans/R2K, settled +1.5% and +0.9% respectively. VIX settled -5.1% at 18.06. Near term outlook offers some dynamic chop into opex, and the three day weekend.


sp'daily5

VIX'daily3

Summary

US equities opened a little weak, but the bulls managed an early reversal, with most indexes turning positive by mid morning. The afternoon saw micro churn until a news headline that the US might lift tariffs on China to help progress a trade agreement. With the 50dma broken above, there was a clear short-stop cascade, with the spx spiking to 2645. The late afternoon saw some moderate swings, but managing to settle broadly higher.

With equities settling broadly higher, volatility was ground lower, with the VIX settling in the low 18s. Friday is opex, and price action will be further skewed ahead of a three day break. On balance, a settlement around sp'2600 appears probable, even if we initially open in the 2640/50s.
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A fine winter's day

yours.. awaiting the blood wolf moon eclipse, overnight Sun/Monday.
see: https://www.space.com/43031-super-blood-wolf-moon-eclipse-2019-teach-kids.html

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Goodnight from London
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Facing resistance

US equity indexes closed on a positive note, sp +5pts (0.2%) at 2616. Dow +0.6%. The two leaders - Trans/R2K, settled +0.5% and +0.6% respectively. Near term outlook offers a s/t top, with minimum downside of around 5%.

sp'daily5

VIX'daily3

Summary

US equities opened a little higher, and battled upward to 2623, and then went into chop mode.. which continued into the afternoon.

Volatility broke a new cycle low of 17.76, but settled +2.4% at 19.04. S/t outlook offers a key top within the 2620/50 zone, and then swinging powerfully lower. In theory, minimum downside target has to be the 2474/47 zone.


Meanwhile, It was another day of political turmoil within the UK. 

Post vote... the UK House of Commons

Whilst the UK government survived the no confidence vote by 325 to 306, it does nothing to solve the underlying BREXIT crisis. The UK govt' remain unable to pass any legislation for some kind of UK-EU deal.

As things are, it would seem that BREXIT (scheduled March 29th) will be delayed, regardless of whether there is a general election before end March or not

Finally, it still would appear that Corbyn - leader of the Labour Party, appears on track to be the next PM... whenever the next election might be.

... and thats all I've got to say about that.
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Goodnight from London
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Tuesday strength

US equity indexes closed broadly higher, sp +27pts (1.1%) at 2610. Nasdaq comp' +1.7%. The two leaders - Trans/R2K, settled -0.8% and +0.9% respectively. Near term outlook offers a challenge of the 50dma around sp'2629/28.

sp'daily5

VIX'daily3

Summary

US equities opened a little higher, and built gains into midday. The afternoon saw consolidation/minor churn, leaning upward into the close. Yesterday's black volatility candle played out, with the VIX settling -2.5% at 18.60. The 16/15s appear probable with sp'2630 or so.

--
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Goodnight from London
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