US equity indexes closed on a positive note, SPX +26pts (0.5%) at 5104. Nasdaq comp' +0.6%. Dow +0.2%. The Transports settled +0.3%. R2K +0.7%
SPX - daily
VIX - daily
Summary
US equities opened moderately higher, with the Powell duly appearing at 10am before the US house...
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| 'Its not my fault' |
Equity gains were a little shaky, but with Powell not saying anything stupid, the SPX printed 5127, if cooling back to settle at 5104. Wednesday's candle is black, and leans bearish.
Volatility was a little mixed, the VIX settling +0.3% to 14.50.
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With Mnuchin getting involved with NYCB, the following is even more prescient...
"Long live the banks... long live the banks"
So... which one of the political class is Palpatine?
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| Spring is just 15 days away |
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Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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