Friday, 14 March 2014

Closing Brief

US indexes saw weakness into the close, sp' -5pts @ 1841. The two leaders - Trans/R2K, settled -0.1% and +0.4% respectively. Near term outlook is for a minor bounce to the 1865/75 zone into the FOMC announcement of next Wednesday afternoon. From there.... the real fun should begin.



*the closing hour was indeed somewhat weak, with a marginal break into the 1830s.

So...we've swung from 1882 on Tuesday.. down to the 1830s, with the VIX breaking into the 18s.

All things considered, the market 'tremors' continue to increase, and we're headed a long way lower, first primary target is the Feb' low of 1737.

The usual bits and pieces across the evening.

Have a good weekend everyone!

*the weekend post will be on the US weekly indexes