Closing Brief

US equities started the day weak, but ended the day with fractional gains, sp +0.5pts @ 1978. The two leaders - Trans/R2K, settled lower by -1.1% and 0.4% respectively. Near term outlook is for minor churn... before a rather important Wednesday.


sp'60min

Summary

*VIX closed fractionally red, and certainly shouldn't inspire the equity bears.
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So..a broadly flat close for the sp'500, not exactly surprising.

The one concern for the bulls should be the R2K, but even that lagging index is 5% above critical support. R2K 1080 would probably equate to sp'1900.. and I sure don't expect either of those to be hit in the near term.
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more later.. on the VIX