Tuesday 28 August 2012

Closing Brief

Despite a few pieces of econ-data this morning, the market held together, and with a few EU rumours, the day was largely flat, with zero volume. Clearly, a healthy market, and bullish for those stockbrokers who must be so busy! I can't wait to see their Q3 earnings, urghhh.

The closing hourly indexes..


IWM



Dow


Sp


Summary

A quiet day, there is very little to add.

The Bernanke is just a few days away, looks like Mr Market is content to trade sideways until then.

*VIX closed a tough  higher, but its irrelevant noise.

More later, especially focusing on the important Transports, where important developments are starting.