Monday, 29 July 2013

Closing Brief

The main indexes closed with very minor declines, the sp -6pts @ 1685. The two market leaders, Trans/R2K saw more significant falls of 1.1% and 0.7% respectively. Despite the declines, market still looks set for further upside across Tue/Wednesday.



Not the most exciting of days, indeed, after the late morning low in the low 1680s, it turned out rather dull.

Yes, the VIX spiked 8%, but that still makes for a VIX in the 13s. Equity bears really can't get the least bit confident until VIX 15/16s.

*The bears do have something of a window though, in that there is no sig' QE across Tue/Wed.


the usual bits and pieces across the evening