Thursday 2 May 2013

Closing Brief

The market reversed all of yesterdays declines for most indexes, with significant gains of 1.0-1.5%. The transports and the R2K did not quite recoup all of Wednesdays declines. VIX confirmed the once-again very bullish US market, with a fall of around 6% in the mid 13s.


sp'60min


Summary

So much for yesterdays declines..all taken back..and for those short, today has been truly lousy.
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more later..on the VIX