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.


sp'60min


Summary

*NFLX earnings due at the close
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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.
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more later... on the VIX