US equity indexes mostly closed on a weak note, SPX -4pts (0.1%) at 3668. Nasdaq comp' +0.5%. Dow -0.2%. The Transports settled -0.9%.
sp'daily5
VIX'daily3
Summary
US equities opened on a weak note, with an opening low of sp'3645, the top end of the Dec'1st price gap.
Meanwhile...
... as JPM are one of a number within the mainstream who are increasingly touting spx >4K. Certainly, 4K appears within range by March/April.
Meanwhile...
There are renewed calls from the marxists/communists for strikes, as they want more 'free money' from the US Govt. I have to wonder what US T-Sec' Mnuchin or the Fed's Powell think of such threats.
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The afternoon saw considerable chop, with most indexes settling on a weak note.
Volatility picked up for a second day, the VIX printing 23.46, and settling +1.1% to 22.52. The setup ahead of the weekend favours the equity bears... although that sure doesn't mean Friday will open red, and I'd note the settling SPX reversal candle which leans bullish.
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Goodnight
from London
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