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

Summary

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

Meanwhile...

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.
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Looking down on yours truly

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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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Consolidation Tuesday

US equity indexes closed a little weak, SPX -4pts (0.1%) at 4073. Nasdaq comp' -0.05%. Dow -0.3%. The Transports settled -0.3%.

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, and remained that way into the early afternoon. The SPX did manage a new (if fractional) historic high of 4086.

The afternoon saw further micro chop, if leaning on the fractionally weaker side, for what was just a day of bullish consolidation.

Volatility was subdued, the VIX settling +1.2% to 18.12.
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Golden sunshine and a snow shower

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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
--

 

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Very bullish start

US equity indexes closed significantly higher, SPX +58pts (1.4%) at 4077. Nasdaq comp' +1.7%. Dow +1.1%. The Transports settled +1.0%.

SPX - daily5

VIX - daily3

Summary

US equities began the week on a very bullish note, with the SPX opening to a new historic high, and pushing upward to 4083.

Meanwhile...

New fissure

LIVE feed...

The afternoon saw increasing chop, as the market consolidated the morning gains.

Volatility picked up, but that was mostly due to it being a new week, the VIX settling +3.3% to 17.91. 
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–
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
--

 

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