Closing Brief

US equities closed broadly higher, sp +20pts @ 2121 (intra high 2126). The two leaders - Trans/R2K, settled higher by 1.5% and 1.3% respectively. Near term outlook remains uncertain, with the threat of a move to 2135/40... or weakness to break the double floor of 2072. Certainly.. the 'Greek situation' will be a key determinate.


sp'60min

Summary

*closing hour was mostly minor chop... notably unable to break above the earlier high of sp'2126.
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A day for the equity bulls, but on what I believe was naturally light trading vol'. More likely a case of bears short-stopped from 2100 to 2120s than anything.

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*I hold short INTC overnight.. and would be content to hold across the weekend. Regardless of the Greeks, price structure is what it is.. and I see a bear flag within a H/S formation.
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more later... on the VIX