Friday, 7 July 2017

A mixed week

US equity indexes ended the week on a positive note, sp +15pts at 2425. The two leaders - Trans/R2K, settled higher by 1.2% and 1.1% respectively. VIX settled -10.8% at 11.19. Near term outlook still offers a break under the 2400 threshold, as weekly price momentum increasingly favours the bears.




US equities opened moderately higher, and built gains into the afternoon. Its notable that the 'old leader' - Transports, broke a new historic high of 9704. Unlike a fair few recent occasions, there was no cooling into the close.

With the jobs data being seen as 'goldilocks', market volatility broadly cooled, settling in the low 11s, although that still made for a second consecutive net weekly gain.. if only fractional.

... just another summer's day

As ever, extra charts in AH @

Goodnight from London

*the weekend post will appear Sat'12pm EST, and will detail the US monthly indexes