Wednesday 5 September 2012

Closing Brief

Another quiet day, although this no doubt due partly to everyone waiting until the ECB decision tomorrow.

VIX closed a touch lower, and still confirms the underlying strength in the indexes.


IWM'60min



Dow'60min



Sp'60min


Summary

There really isn't much to say. The Rus'2000 index remains pretty strong, with the Dow/Transports lagging the broader flat market.

We'll very likely get a major snap tomorrow. I'm guessing it will be higher.

As a permabear, I'm sitting this out.

More later.