Closing Brief

US equities traded in a very narrow range, with the sp +2pts @ 1655. The near term trend remains to the upside. Metals closed weak, with gold -$25. Oil held moderate gains of 0.9%. VIX confirmed what remains a very complacent market, melting around 0.5% lower.


sp'60min

Summary

Despite a lot of econ-data, and a $3bn QE, the bulls sure didn't see any significant follow through from yesterdays gains.

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Best guess...1670s...but another 1-2pts over that..and the 1680/85 gap zone will be viable early next week.

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A somewhat tiresome day....but the usual things across the evening...