Monday, 21 July 2014

Closing Brief

A day of moderate swings for US equities, with the sp'500 settling -4pts @ 1973. The two leaders - trans/R2K, settled -0.3% and -0.4% respectively. Near term outlook offers Tuesday weakness, before upside to the 1990s by end week.



*NFLX earnings due at the close

A sometime quiet start to the week, minor swings... few want to buy at these levels (not least yours truly), but then...there is very little downside pressure.

*I remain on the sidelines, seeking to go long, but after another wave lower.

more later... on the VIX