Thursday 20 September 2012

Closing Brief

A very tiresome day of near nothing. Despite the transports getting destroyed, everything else is holding up very well. The VIX continues to show a fearless market.


sp'60min



transports'60min


Summary

The main indexes are now completely disconnected from the 'old leader'. Whilst earnings warnings/downgrades continue to appear, the main market is able to just ignore it.

*with tomorrow being opex, I guess it'll be mostly a chop fest. I can't imagine any clear direction either way. No point anyone taking any new positions until next week.

A little more later.