Thursday 17 July 2014

Closing Brief

US equities closed significantly lower, sp -23pts @ 1958. The two leaders - Trans/R2K, settled lower by -1.4% and -1.5% respectively. Most notable, the VIX gained a powerful 35% to the 14.80s (intra high 15.38). Metals built gains, Gold +$19.


sp'60min


VIX'60min


Summary

..well, today started quiet.. but it became the most dynamic price action we've seen in a fair while, not least in the VIX, which swung from the 10s.. to the 15s.
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*I will be seeking (unless style of price action changes)..to pick up an index long tomorrow morning... very likely the R2K.
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the usual updates across the evening.

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more later.. on the VIX