Friday, 20 December 2019

Ending strong

US equity indexes closed moderately higher, sp +15pts (0.5%) at 3221. Nasdaq comp' +0.4%. Dow +0.3%. The Transports settled +0.9%.

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VIX'daily3



Summary

US equities opened moderately higher, with the usual quartet of indexes - SPX, Dow, NYSE comp', and Nasdaq comp', breaking new historic highs.

Trump appeared in the morning...


The mainstream currently believe phase'1 of a US/China trade deal will be signed in January, but that could easily drag into the spring.

The afternoon saw micro chop, but breaking a new historic high of sp'3225.
Volatility remained subdued, with the VIX settling +0.1% at 12.51.
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Winter solstice is this Sunday Dec'22nd
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Goodnight from London
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Thursday, 19 December 2019

The usual quartet

 US equity indexes closed moderately higher, sp +14pts (0.4%) at 3205. Nasdaq comp' +0.7%. Dow +0.5%. The Transports settled +0.2%. Near term outlook offers quad-opex chop into the weekend.

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VIX'daily3



Summary

It was just another bullish day in equity land, with the usual quartet of the SPX, Dow, Nasdaq comp', and NYSE comp' breaking new historic highs. The afternoon saw price continue to break new highs, as s/t (hourly) momentum was in the process of turning positive.

Volatility remained subdued, with the VIX settling -0.6% at 12.50. 

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Goodnight from London
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Wednesday, 18 December 2019

Midweek churn

US equity indexes closed a little mixed, sp -1pt (0.04%) at 3191. Nasdaq comp' +0.05%. Dow -0.1%. The Transports settled -0.9%.

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VIX'daily3



Summary

US equities opened in minor chop mode, but it was enough for the SPX and Nasdaq comp', to break new historic highs.

Meanwhile...


It remains notable that the market has ZERO concern, and simply doesn't believe the impeachment attempt will end in anything other than rejection at the US Senate. Yours truly would agree, for what is one twisted charade. 

Volatility remained subdued, with the VIX settling +2.4% at 12.58.
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Another fortunate group departing the UK

The grey barren horror of Winter
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Goodnight from London
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