Tuesday 19 August 2014

Closing Brief

US equity indexes climbed for the sixth of eight trading days, sp +9pts @ 1981. The two leaders - Trans/R2K, settled higher by 0.1% and 0.3% respectively. Near term outlook offers the 1995/2000 zone, before some degree of post FOMC (or Friday Jackson Hole) downside.


sp'60min


Summary

There is little to add on what was a rather typical day of low volume algo-bot melt.

It is truly tiresome..and for many, this is not even a market worth watching.

*I am content on the sidelines, with zero interest in chasing the market higher at these levels. 
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more later.. on the VIX