Thursday, 21 November 2013

Closing Brief

The main indexes closed moderately higher, sp +14pts @ 1795. The two leaders - Trans/R2K, closed +1.1% and 1.8% respectively. Market appears to be in a small fifth up wave, which might last across all of next the sp'1815/25 zone.



*I've only just noticed the huge strength in the Rus'2000. 1.8%..really? lol

The VIX was indeed the big tell yesterday. Equity bears have no excuses to be surprised about today.

Tomorrow will likely be quiet..a bit choppy..but most sig' downside.

*I am on the sidelines, patiently..but carefully looking to pick up another SLV-short.

more later..on the VIX