OPEX swings

US equity indexes closed broadly weak, sp -16pts (0.6%) at 2859. Nasdaq comp' -1.0%. Dow -0.4%. The two leaders - Trans/R2K, settled -1.1% and -1.4% respectively.

sp'daily5

VIX'daily3

Summary

Equities opened moderately weak, tagged the gap zone of sp'2855/50, and then swung back upward to minor gains (intra high 2885). The late afternoon saw a rather classic case of 'rats selling into the weekend', as many s/t bulls are (understandably) twitchy about holding overnight/across the weekend.

Volatility was pretty subdued, with the VIX seeing a (cash market) opening high of 16.57, but then melting back lower to settle +4.4% at 15.96.

Goodnight from London
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A third day higher

US equity indexes closed broadly higher, sp +25pts (0.9%) at 2876. Nasdaq comp' +1.0%. The two leaders - Trans/R2K, settled +1.2% and +0.6% respectively. Friday OPEX should lean to the bears.

sp'daily5

VIX'daily3

Summary

US equities opened moderately higher, and built strong gains into the early afternoon. The afternoon saw some choppy cooling, especially within the closing hour, but it still made for a third consecutive net daily gain.

Volatility was ground lower, with the VIX printing 15.16, and settling -7.0% at 15.29. The s/t cyclical setup will favour the equity bears for Friday OPEX, with the sp'2850s very much within range.
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More lucky people fleeing the UK

Sunny... but chilly.

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Goodnight from London
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Midweek swings

US equity indexes closed broadly higher, sp +16pts (0.6%) at 2851. Nasdaq comp' +1.1% The two leaders - Trans/R2K, settled +0.2% and +0.3% respectively. Near term outlook offers yet another cooling wave ahead of Friday opex.

sp'daily5

VIX'daily3

Summary

US equities opened moderately weak, but saw a significant upward swing to moderate gains, as it was reported the US would delay tariffs on EU auto imports. The afternoon saw a high of 2858, just 6pts above yesterday's high. The closing hour saw some subtle cooling, as some bulls are still too twitchy to hold overnight.

Volatility saw an opening high of 19.15, then cooled to the 16s, and settling -9.0% at 16.44.The s/t cyclical setup will favour the equity bears... not least on a Thursday.
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Koreans to the moon?

12c/53f, sunny... but it sure ain't warm.

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Goodnight from London
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