Just another new historic high

US equity indexes closed moderately higher, sp +15pts (0.5%) at 3386. Nasdaq comp' +0.9%. Dow +0.4%. The Transports settled +0.7%.

sp'daily5

VIX'daily3

Summary

It was just another day for the equity bulls, opening moderately higher, and pushing to a new historic high of 3393 in mid afternoon. The late afternoon saw a touch of cooling, as the market is s/t cyclically over-stretched.

Volatility was ground back lower, with the VIX settling -3.0% at 14.38. Whilst Thursday will offer a cooling wave, Friday will lean to broad chop for opex.

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Goodnight from London
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Post holiday depression

US equity indexes closed rather mixed, sp -9pts (0.3%) at 3370. Nasdaq comp' +0.02%. Dow -0.6%. The Transports settled +0.02%. Near term outlook offers midweek chop, with Thurs/Friday threatening sig' downside.

sp'daily5

VIX'daily3

Summary

US equities opened on a weak note, as the mainstream were (understandably) seeing having renewed concern about the Corona, with tech giant Apple having warned that guidance (issued just a few weeks) was no longer valid. There was a latter day equity recovery, as s/t oversold conditions were partly burnt off.

Volatility picked up, with the VIX settling +8.4% at 14.83. The s/t cyclical equity setup offers Wednesday chop, with Thurs/Friday threatening a significant break lower.
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There is background chatter on BSG, as Esmail of 'Mr Robot' is making a new series, and from what I gather, its NOT a reboot, but a continuation of the 2004 series/story. Thank the gods!
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
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For details and the latest offers, see: Permabeardoomster.com

Presidents Day

A little glimpse of my world.... on Presidents Day.

Sunset, 4.40pm GMT, note the 'sundog' to the far left

Behold... an early evening sundog!

A little peace

A flying can of Corona... headed Northward

Another day... another few thousand 'official' cases of Corona

Yours... bullish American holidays