Thursday 28 December 2017

2017 set to wrap

US equity indexes closed a little mixed, sp +4pts at 2687. The two leaders - Trans/R2K, settled -0.3% and +0.3% respectively. VIX settled -2.8% at 10.18. Near term outlook offers further minor chop into the yearly close. As I've been relentlessly touting across the year, the original target of 2683 remains on track.


sp'daily5



VIX'daily3



Summary

It was another day of minor chop for the US equity market. The NYSE comp' once again broke another (if only fractional) historic high of 12843. VIX was naturally subdued, settling in the low 10s.

With just one trading day left of the year...

sp'monthly6


... yours truly is understandably 'curious' as to whether the trading gods will indeed settle 2017 at sp'2683. Regardless, its going to be close.
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An icy day in the London metropolis

.. as the days are starting to lengthen

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Goodnight from London
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