Tuesday 3 September 2013

Closing Brief

A pretty dynamic day to start the month, with the main indexes managing to close moderately higher, after earlier opening gains evaporated on Boehner war-talk. The metals and Oil both held gains, whilst the VIX reflect a market that is so far..not overly concerned.


sp'15min


sp'60min



Summary

A pretty choppy closing hour, bulls can't call that as positive for early Wednesday.

Certainly, in retrospect, shorting the open would have made for a good trade, but really, I'm glad to be sitting the current nonsense out.

I'm still concerned for another 1-2% higher across the next few days.
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The usual bits and pieces across the evening