Monday 30 July 2012

Closing Brief

Mr Market had a somewhat flat and dull Monday, largely as expected.

The hourly closing index cycles...


IWM



Dow



Sp


Summary

As expected essentially a flat close. Tuesday will be much more dynamic. A move as deep as the low 1360s is viable

Notable move of the day, VIX +7%. I suppose that is something for the bears, and might be the very early beginning of a major VIX leap over the recent high of 21
--

On what is a sleepy Monday..here is something to close the trading day... (a little..fun from RT TV)