Monday 2 June 2014

Closing Brief

US indexes closed moderately mixed, sp + 1pt @ 1924. Most notable today, new historic highs in the Trans/Dow/SP, whilst the R2K briefly snapped -1.2% in early morning, recovering most of the declines. Metals ended the day...to begin June, on a bearish note.


sp'60min


Summary

Little to add, on what was a pretty quiet day.
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*I remain entirely on the sidelines, and frankly, am not quite sure how to deal with this week. Default trade remains long though..whilst the weekly cycles remain as they are.
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more later..on the VIX