Closing Brief

The main indexes all closed somewhat lower, but the declines are certainly less than those who were watching the futures last night would have been expecting. The sp' gained a little over 1% on the week. The VIX closed only marginally higher, although the dollar held onto gains of 0.4%, and is close to breaking back into the 80s


Dow'60min

Sp'60min

Trans'60min

Summary

So..another week comes to a close, and for the bears, its been a tough one, with very troubling gains on Monday and Tuesday, minor declines on Wednesday, only for another rally yesterday.

Across the week the indexes are higher, but its not by too much, and we do have a little spike on the weekly charts.

Lots to say, but that's for later.

*I remain short across the weekend, including a new VIX call block, where I am seeking an exit around VIX 24/26 when the break through eventually comes.

Have a good weekend everyone.