Tuesday, 2 February 2016

Closing Brief

US equity indexes closed significantly lower, sp -36pts @ 1903 (intra low 1897). The two leaders -Trans/R2K, settled lower by -2.9% and -2.3% respectively. Near term outlook offers a moderate bounce, before a brief foray to 1890/80 zone... and then pushing back upward to the 1970s next week.



*closing hour action: a new intra low of 1897, but offering a short term floor..

Today opened weak, and it was one of those days where the market was entirely unable to bounce.

Since the March 2009 low, its still pretty unusual to see such a day.

more later... on the VIX