Thursday, 29 October 2015

Closing Brief

US equities closed somewhat mixed, sp -0.9pts @ 2089. The two leaders - Trans/R2K, settled +0.8% and -1.1% respectively. Near term outlook remains seeking a break lower... with at least the sp'2050s viable next week. Primary target by Nov' opex will be around the sp'2000 threshold.



*closing hour action: a sporadic nano-scale burst to the upside... breaking a fractional new cycle high of sp'2092.

A surprisingly subdued day after the FOMC swings, with the sp'500 trading within a tight range of just 9pts.

Frankly, I wish it was Friday afternoon.. but then... I try not to wish my life away.

more later.. on the VIX