Monday, 28 March 2016

Closing Brief

US equities closed moderately mixed, sp +1pt @ 2037. The two leaders - Trans/R2K, settled -0.8% and +0.1% respectively. Near term outlook threatens a serious attempt to clear sp'2056, but it will likely fail. With three trading days left of March/Q1.. things are about to liven up.



*closing hour action: extremely subdued nano-scale chop.

A notable intraday range of 2042/31... a mere 0.5%.

On what was a semi-holiday trading session, there is little to add.

Tomorrow will really help to wake everyone up. The Tuesday close could be rather important.

more later... on the VIX