Monday, 3 March 2014

Closing Brief

Equities closed somewhat above the lows, with the sp'500 settling -13pts @ 1845. The two leaders - Trans/R2K, both settled -0.6%. Near term outlook is uncertain, with a market vulnerable to further adverse developments in the Ukraine.



*A somewhat understandable choppy closing hour, as some were bailing into the close, but with the bulls managing a daily close in the 1840s.

No doubt, there will be a lot of doom talk across many sites tonight. Yet really...anyone just needs to go stare at a weekly/monthly chart. The primary trend remains...UP.

Certainly, if Ukraine starts shooting down planes..things get way more wild..and VIX 20s would be a given.

the usual bits and pieces across the evening...