Wednesday, 29 May 2013

Closing Brief

The main indexes declined across the morning, and saw what was arguably a partially QE-fuelled recovery into the late afternoon. VIX managed slight gains of 2% or so. Near term downside looks to be sp'1630/25.



Interesting day, a bit messy, but still....pretty good for those on the bearish side.

*I hold minor-short the indexes overnight, seeking an exit around sp'1630/25 tomorrow/early Friday.