Thursday 1 May 2014

Closing Brief

US equities closed the day with minor chop, sp -0.3pts @ 1883. The two leaders - Trans/R2K, settled +0.6% and -0.1% respectively. Near term outlook is for the market to break into the 1895/1905 zone, whether tomorrow, or early next week.


sp'60min


Summary

Little to add, on what was a day when the market merely settled into a holding pattern ahead of the Friday jobs data.
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*I hold heavy long overnight, would prefer an exit late Friday, but if I have to hold into next week, that is fine with me.
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more later..on the VIX