sp'daily5
Dow, daily
Summary
So, a brief break above key resistance of sp'2072 on a Whitehouse press release. The daily close of 2068 keeps the near term outlook highly uncertain.
It won't take much for the market to sell down to the sp'2020s, but its not looking so great for those seeking more significant downside into the early spring.
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Closing update from Riley
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Looking ahead
Thursday will see the usual weekly jobless claims, retail sales, and bus' invents'.
Market will of course remain highly vulnerable to any sporadic Greek news.
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Greece and AH action
A CNBC 'source' quoted the Greeks having agreed on something, futures jumped 15pts... to equiv' of sp'2083. That report was refuted shortly after, although market was still holding gains of around 0.5%.
Regardless, this remains a pretty frustrating market. Right now, I'll be glad to just drop my VIX block for breakeven by the Friday close. As many might agree... its rarely easy.
Goodnight from London