Closing Brief

The main indexes closed somewhat weak, but certainly nothing too major. The one bearish aspect was the VIX, climbing 9% into the 13.90s. Near term index count/cycle is suggestive we'll break the recent 1563 high, but clearly, this market is looking increasingly tired.


sp'60min

Summary

It was an interesting market day to watch. The market is still reacting to every little development in Cyprus.

If some kind of compromise/agreement can be reached, it'll be a major excuse for the market to take out that 1563 high. I'm guessing that we do.
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*I'm merely holding USO (long Oil) overnight, seeking an exit in the 33.50s by the Friday close.
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More later on the VIX, indexes, and other things