Friday 9 November 2012

Closing Brief

Mr Market rallied almost 1% in the morning session, but even the President failed to inspire the algo-bots, and we saw some latter day weakness. The close under sp'1380 was an especially bearish aspect to end the week on. The VIX managed a fractional green close, confirming the slight weakness this afternoon.


sp'60min


Summary

A bit of a choppy end to the day...but we closed under the big daily 200 MA on the sp
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*I am short, holding across the weekend, and seeking sp'1345/40...in the first half of next week, certainly before opex.

Have a good weekend