Closing Brief

US indexes saw some pretty dynamic intraday swings, an opening rally to sp'1843, a late morning sell down to 1816, before a rather typical latter day recovery, sp' settling +12pts @ 1842. The two leaders - Trans/R2K, settled +0.8% and 0.4% respectively.


sp'60min

Summary

*minor closing hour chop, after what was a day of swings, which will no doubt have confused the mainstream sheep.
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So...we closed just a touch below the morning of 1844, and for many...today will have been real annoying.
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*I failed to re-short in the morning - computer problems, and am somewhat resigned to sitting it out until early next week, but thats okay.

more later..on the VIX