Monday, 31 March 2014

Closing Brief

US equities closed higher, with the sp +14pts @ 1872. The two leaders - Trans/R2K, saw much more significant gains, settling +1.7% and +1.8% respectively. Despite the Monday gains, it remains a borderline situation, bulls need >1883, whilst bears need <1834.



*minor weak chop in the closing hour, but nothing for the equity bears to get overly excited about.

..and that is a wrap for Q1. Certainly, the bulls remain in broad control, but we remain a tight range that is now four weeks old.

Clearly, if we break >1883..we'll battle considerably higher. Similarly...a break <1834..will open up the 1800/1790 zone.

more later...on the VIX