Monday 8 July 2013

Closing Brief

The market started the week with moderate gains, with the sp +8pts @ 1640, having traded between 1644/1637. Precious metals held gains of around 1%, but Oil was weak for much of the day, closing -0.4%. VIX saw minor noise, and remains in the lowly 14s.


sp'60min


Summary

Not the most exciting of days, but still, earnings season has begun with Alcoa (AA), and the market will have a hell of a lot of corp' data to contemplate for the rest of the month.
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*I remain on the sidelines overnight, will seek an index-long on any early Tuesday morning gap lower.
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the usual bits and pieces..across the evening