Wednesday, 26 April 2017

Another set of new historic highs

US equity indexes closed broadly higher for a second consecutive day, sp +14pts at 2388. The two leaders - Trans/R2K, settled -0.4% and +0.9% respectively. VIX settled -0.7% at 10.76. With the Nasdaq and R2K at new historic highs, the sp', dow, and others.. are set to follow.




It was another day for the equity bulls, with new historic highs for the Nasdaq comp' (6036), and the R2K (1415).

For the sp'500, the closing hour break above big resistance of 2380/90 was very significant, and offers a monthly close around the 2400 threshold.

Volatility was itself choppy, and notably saw a new cycle low of 10.22. The key 20 threshold looks out of range for some months.

Here in the metropolis...

Blustery... cold.... sleet/snow/hail.... its not summer yet.

Goodnight from London