With equities falling into the May close, the VIX battled higher, settling +4.0% @ 13.84 (intra high 14.43). The VIX saw a net weekly gain of 14.1%. Near term outlook offers further equity weakness to the sp'2080s, which should equate to VIX 16s.
VIX'60min
VIX'daily3
VIX'weekly
Summary
Suffice to add... the VIX climbed 3 days of this shortened 4 day week.
VIX 15/16s look due next week, if sp'2080s... but from there.. the equity market looks due another up wave into the next FOMC of June 17'th.
By then.. we could be looking at sp'2160/80 zone... which would certainly equate to VIX back in the 11s.. perhaps even 10s.
--
more later... on the indexes
Friday, 29 May 2015
Closing Brief
US equity indexes ended the month on a moderately negative note, sp -13pts @ 2107 (intra low 2104). The two leaders - Trans/R2K, settled lower by -0.8% and -0.5% respectively. Near term outlook is for further weakness next week to around 2080. From there, renewed upside to 2160/80 zone in mid/late June.
sp'60min
Summary
*a naturally choppy closing hour, and it bodes in favour of the equity bears next Monday.
--
... and another week.. and month comes to a close.
Without question, it was a month for the equity bulls, with net monthly gains for most indexes, along with a set of new historic highs in some, but most certainly, not all indexes.
June should be... rather interesting
Have a good weekend.
--
*the usual bits and pieces across the evening... to wrap up the trading week.
sp'60min
Summary
*a naturally choppy closing hour, and it bodes in favour of the equity bears next Monday.
--
... and another week.. and month comes to a close.
Without question, it was a month for the equity bulls, with net monthly gains for most indexes, along with a set of new historic highs in some, but most certainly, not all indexes.
June should be... rather interesting
Have a good weekend.
--
*the usual bits and pieces across the evening... to wrap up the trading week.
3pm update - falling into end month
The micro bear flag is playing out, with US equities set to fall into the monthly close. Regardless of the exact close though, it has been a month for the equity bulls, with net monthly gains for most indexes, along with some new historic index highs.
sp'60min
sp'monthly
Summary
*as ever.. for the chart technicians.. the monthly closes will be rather important.. including the USD, precious metals, and Oil.
--
Well.. its nice to see another bear flag play out as expected.
The only issue now is how many of the rats will want to bail into the weekend. I'd guess.. at least enough to offer a chance to settle under the sp'2100 threshold.
-
updates... into the close
3.06pm.. sp'2107... VIX 14.10.... still potential for further weakness into the close.. as the rats will surely want OUT.
3.15pm.. Its getting a little choppy.. but then its end month... sp'2111... still looking for further weakness into the close.
*metals set to close with minor gains, Gold +$2, Silver +0.2%
3.36pm... chop chop.. sp'2110... VIX 13.80s.... STILL seeking weakness into the close.
notable weakness, copper miners, FCX -2%, TCK -4%.... Copper itself is net lower on the month... it bodes badly for Gold/Silver this summer.
3.49pm.. end month chop... confusing many... but still... we're closing moderately weak.
*a big R2K re-balancing due....
back at the close !
sp'60min
sp'monthly
Summary
*as ever.. for the chart technicians.. the monthly closes will be rather important.. including the USD, precious metals, and Oil.
--
Well.. its nice to see another bear flag play out as expected.
The only issue now is how many of the rats will want to bail into the weekend. I'd guess.. at least enough to offer a chance to settle under the sp'2100 threshold.
-
updates... into the close
3.06pm.. sp'2107... VIX 14.10.... still potential for further weakness into the close.. as the rats will surely want OUT.
3.15pm.. Its getting a little choppy.. but then its end month... sp'2111... still looking for further weakness into the close.
*metals set to close with minor gains, Gold +$2, Silver +0.2%
3.36pm... chop chop.. sp'2110... VIX 13.80s.... STILL seeking weakness into the close.
notable weakness, copper miners, FCX -2%, TCK -4%.... Copper itself is net lower on the month... it bodes badly for Gold/Silver this summer.
3.49pm.. end month chop... confusing many... but still... we're closing moderately weak.
*a big R2K re-balancing due....
back at the close !
Subscribe to:
Posts (Atom)





