Opex weakness

US equities closed moderately weak, sp -0.9pts at 2472. The two leaders - Trans/R2K, settled lower by -0.1% and -0.5% respectively. VIX settled -2.3% at 9.36. Near term outlook offers further weakness to at least partly fill the gap zone of sp'2435/25. Mid term outlook remains 'scary strong', as earnings are coming in reasonable.


sp'daily5

VIX'daily3

Summary

US equities opened a little weak, and saw chop across the day, but that was somewhat natural for what was option expiration. We have two entirely open gaps of 2463/60 and 2435/25. Some cooling to at least 2435 seems very probable by next Wednesday.

Market volatility remains very low, with the VIX settling lower for a third consecutive day.

Today's closing hour intra low of 9.30 is (I believe) the lowest EVER VIX.


The daily/weekly close of 9.36 is the LOWEST ever daily/weekly close. 
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Sunshine before another storm

Goodnight from London
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The weekend post will appear Sat'12pm, and detail the US weekly indexes

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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