Wednesday, 7 April 2021

The consolidation continues

US equity indexes mostly closed a little mixed, SPX +6pts (0.1%) at 4079. Nasdaq comp' -0.1%. Dow +0.1%. The Transports settled -0.3%. R2K -1.7%.

SPX - daily5

VIX - daily3


US equities opened in micro chop mode, and remained that way into the afternoon.


Wedbush touting another 25/30% on tech this year. It does seem realistic, not least when you consider AMZN, NFLX, and AAPL appear set to follow GOOGL, FB, and MSFT.  

The afternoon saw further micro chop.

Volatility was subdued, the VIX settling -5.3% to 17.16.

Looking down on yours truly

Extra charts in AH (usually around 5pm EST) @

Goodnight from London


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