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.


sp'60min


Summary

Interesting day, a bit messy, but still....pretty good for those on the bearish side.
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*I hold minor-short the indexes overnight, seeking an exit around sp'1630/25 tomorrow/early Friday.
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