Another week for the bulls

US equities closed moderately mixed, sp -1.7pts @ 2184. The two leaders - Trans/R2K, settled -0.5% and +0.1% respectively. VIX settled -1.1% @ 11.55. Near/mid term outlook remains broadly bullish, with the sp'2225/50 zone highly probable by mid/late September.


sp'daily5

VIX'daily3

Summary

Little to add, on what was a day of very narrow price action, a range of sp'2186/2179.... 7pts (0.3%).

VIX was naturally cooling into the weekend

Broadly, having broken new historic highs for the sp'500, dow, and the Nasdaq comp', it was still another week for the equity bulls.

Goodnight from London

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*the next post will be Sat' 12pm, and will detail the US weekly indexes