Closing Brief

A relatively quiet afternoon after the morning gains that once again failed to hold. A very slight rally into the close, probably a combo' of short covering and deluded maniacs buying AAPL/AMZN.


Dow'60min

Sp'60min

Summary

A somewhat dull closing hour..with Mr Market now waiting for earnings from AAPL and AMZN. Both will have some significant influence on tomorrow's trading session.

The VIX did manage a marginally higher close, and the hourly VIX cycle offers 'major upside' for Friday to at least 20/21, which would probably equate to sp'1390s.

back later.