Monday, 25 August 2014

Closing Brief

US equities climbed for the 9'th day of 12, sp +9pts @ 1997 (new historic high 2001). The two leaders - Trans/R2K, settled higher by 0.3% and 0.4% respectively. Near term outlook offers a minor down wave of 20/30pts, but that seems not likely until after Tue/Wed QE.



...a very quiet start to the week. Hopefully, things will liven up as the week proceeds.

*I remain content on the sidelines, I've no interest in getting involved at these levels, and certainly.. can't short..whilst the weekly cycle is pushing upward.

more later ... on the VIX