US equity indexes closed on a positive note, SPX +20pts (0.5%) at 3909. Nasdaq comp' +0.1%. Dow +0.6%. The Transports settled +1.6%.
SPX - daily5
VIX - daily3
Summary
US equities opened on a weak note, with the SPX slipping to 3853. There was a (not surprising) post 11am recovery, with upside (if choppy) into the late afternoon.
Meanwhile...
The CEOs of Facebook, Twitter, and Google, faced questions from the political hacks. It is odd to feel any degree of sympathy for the Zuckerberg and Dorsey... but I did.
Volatility saw a high of 23.55, before melting back, the VIX settling -6.6% to 19.81. The s/t cyclical setup favours the equity bulls.
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| The sun sets on another Thursday |
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| Full moon is Sunday March 28th |
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| A little closer |
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Goodnight
from London
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