Monday, 15 July 2013

Closing Brief

A very quiet start to the week, with all the main indexes closing with moderate gains. The sp' close of 1682 is a mere 5pts shy of the May'22 high, and looks set to be broken tomorrow. Metals closed flat, whilst Oil saw a significant swing from -1% to close +0.4%.

sp'60min3 - broad outlook


There really isn't much to add, other than these are prime conditions for algo-bot melt.

There is little reason why Tuesday won't be another up day.

more later..on the VIX