Monday 21 September 2015

Closing Brief

US equity indexes closed moderately mixed, sp +8pts @ 1966. The two leaders - Trans/R2K, settled +0.8% and -0.2% respectively. Near term outlook is for continued upside to the sp'2030s.. which should equate to VIX 16/15s. From there... things should get real interesting.


sp'60min



Summary

*closing hour, minor chop.
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A day of moderate swings...  importantly holding above last Friday's low.

Market looks set to push into the 1980/90s tomorrow.. with sp'2000s by Wed' lunch time. The 50dma in the 2030s remains an obvious target.

If Oil can rally to 49/50.. and China 3300/400s...   we will see sp'2030s.

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*I'm content on the sidelines, but have 5 short-market targets ready to initiate...

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more later... on the VIX