Wednesday, 20 April 2016

Closing Brief

US equity indexes closed a little higher, sp +1pt @ 2102 (intra high 2111). The two leaders - Trans/R2K, settled u/c and +0.2% respectively. Near term outlook still offers cooling to the gap zone of 2065/61, but a monthly close <2050 looks increasingly difficult.



*closing hour action: distinct closing hour weakness, swinging from a new intra high of 2111.05.

Despite the closing hour weakness.. it was unquestionably another day for the equity bears, as most equity indexes broke new multi-month highs.

Even if we somehow cool to the obvious gap zone in the 2060s, it will do little to negate the broader upward trend since February.

yours.. tired.

more later... on the VIX