Closing Brief

US indexes closed moderately lower, having broken another set of new historic highs in early morning, sp -2pts @ 1888. The two leaders - Trans/R2K, settled -0.2% and -1.0% respectively. Near term outlook offers minor weakness for Friday morning, before a latter day rally into the weekend.


sp'60min

Summary

*a closing hour of minor chop, but this is surely just a part of a little retracement.
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The weakness in the R2K is...curious, and it remains a fair way from breaking a new high. However, the R2K/Nasdaq were very bearish last week, and we saw how that turned out.

VIX settling higher by 2-3%, not much, but it is the first daily gain in six days.
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more later..on the VIX