US equity indexes mostly closed on a positive note, SPX +2pts (0.1%) at 4649. Nasdaq comp' +0.5%. Dow -0.4%. The Transports settled +0.7%. R2K +0.8%
SPX - daily5
VIX - daily3
Summary
US equities opened on a positive note, but the bulls could only manage 4664.
Meanwhile...
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| Not so transitory |
So long as you don't use energy, food, or live indoors, why worry?
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The afternoon saw considerable chop... leaning a little weak into the close.
Volatility was subdued, the VIX settling -5.7% to 17.66. The setup for Friday is mixed. Whilst we've s/t cyclically oversold, the daily SPX candle is black, and that is inherently bearish. Further, I'd note that daily momentum is due to turn negative, and the bulls should be a little concerned ahead of the weekend.
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The Jovian system... with the moons (L>R) of Europa, Io, Ganymede, Callisto.
Full moon is OPEX Friday Nov'19th
Saturn
... and that is a good as I can get, with a handheld 160x (optical 40x, x4 digital) zoom.
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Goodnight
from London
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