August settles

US equity indexes closed a little mixed, sp +1.9pts (0.1%) at 2926. Nasdaq comp' -0.1%. Dow +0.1%. The two leaders - Trans/R2K, settled +0.2% and -0.1% respectively.

sp'daily5

VIX'daily3

Summary

US equities opened moderately higher to sp'2940, but then went into cooling mode, seeing a late morning low of 2913, before clawing back upward.The afternoon saw further chop, leaning on the weaker side.

Meanwhile, the US president issued another triple tweet swipe at the Fed..

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Volatility was notable resilient into the holiday weekend, with the VIX settling +6.1% to 18.98. Today's settling black equity candle at key resistance merits some reflection.

SPX, monthly

August settled net lower by -53pts (1.8%) to 2926. The SPX settled a considerable 113pts above the key 10MA of 2813. The m/t bullish trend that began from the Dec'2018 low, remains intact. Things only turn interesting with a break >2960 (to be decisive), or <2822.
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The London Parakeets

The sun sets on August trading

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Goodnight from London
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Pre-holiday gains

US equity indexes closed significantly higher, sp +36pts (1.3%) at 2924. Nasdaq comp' +1.5%. The two leaders - Trans/R2K, settled +2.0% and +1.6% respectively. Near term outlook offers chop into the long holiday weekend.

sp'daily5

VIX'daily3

Summary

US equities opened significantly higher, as the mainstream were back to 'everything is fine again' mode.

Meanwhile...

... and we know that 'what they should', means negative rates with renewed QE.
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Volatility was naturally in melt mode, with the VIX settling -7.6% at 17.88. The s/t outlook favours equity chop into the weekend.
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Descending into the land of BREXIT chaos

Another day closer to autumn

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Goodnight from London
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The swings continue

US equity indexes closed broadly higher, sp +18pts (0.7%) at 2887. Nasdaq comp' +0.4%. Dow +1.0%. The two leaders - Trans/R2K, settled +1.8% and +1.1% respectively.

sp'daily5

VIX'daily3

Summary

US equities opened on a weak note, but sp'2853 was all the bears could manage, and we saw an opening reversal. Equities battled upward to moderate gains into the afternoon, printing 2890, and settling +18pts at 2887.

Meanwhile...

... it just wouldn't be a normal trading day without at least one tweet from the US President about Print Central.

Volatility saw an early spike to 21.64, but then cooled back, settling -4.7% at 19.35. S/t outlook offers a little further upside in equities, but a break <2822 still appears far more probable than a decisive bullish break >2960.
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A glimpse of late summer sunshine

.. as Autumn isn't far off.

--
Extra charts in AH (usually around 5pm EDT) @ https://twitter.com/permabear_uk

Goodnight from London
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