Thursday 19 March 2015

Closing Brief

US equities closed moderately mixed, sp -10pts @ 2089 (intra low 2085). The two leaders - Trans/R2K, settled +0.2% and u/c respectively. Near term outlook is for broad upside into the sp'2120/30s by mid April.


sp'60min


Summary

So.. a relatively quiet day... but one which was very much a standard and natural retrace of the Wednesday afternoon hyper-ramp.

Tomorrow is quad-opex, so.. it will be choppy.. but with the daily cycles as they are.. a weekly close in the sp'2100s is very viable.

On no basis.. is the setup currently favouring the equity bears.
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more later... on the VIX