Closing Brief

The market began the week with a mostly mute Monday, trading 1472/65. The close was a touch weak, but it really was nothing of significance. Bears can only get moderately excited if we trade below last weeks low of 1451..and right now that is probably at least 2-3 days away.

The closing hourly index charts...


Dow

SP

Trans

Summary

Frankly, a dull Monday. Tuesday can only be more dynamic in terms of price action, surely?
--

The VIX is so very low, the near term direction, it would seem is upward..probably a brief spike to the low 16s?

A little strength in the $ would really help those on the bearish side seeking a 2-4 day equity retracement.
--
 
The usual bits and pieces across the evening.