Closing Brief

After what was a very quiet day, the closing hour finally saw some price action. The transports lead the way lower, slipping -0.8%, with the sp 0.5% With the USD clawing back earlier declines, the metals and Oil also started to lose some of their moderate gains.


sp'60min

Summary

An interesting closing hour, but we STILL remain within the broad uptrend.

Bears need a close <1640 tomorrow, and I find that difficult to believe, not least since its a 5bn pomo day.
--

*I hold SLV short overnight, seeking the 19s, although I realise that is a very bold target. Weekly/monthly charts do support it though.

more later..on the VIX