Monday, 24 August 2015

Closing Brief

US equities closed severely lower for a third consecutive day, sp -77pts @ 1893  (intra low 1867). The two leaders - Trans/R2K, settled lower by -3.5% and -3.8% respectively. Near term outlook offers renewed weakness to the Oct'2014 low of 1820.. with VIX again in the 50s.



*the closing hour swings were indeed truly insane...

... and a truly wild and crazy day comes to close.

Frankly, if you didn't get zeroed out today, and didn't completely lose your mind, then congrats... you're in the 'successful' group today.

*yours truly is on the sidelines. with an intact trading account. I would consider going long around sp'1820.... or short from 2000/2050.

more later... on the VIX