Wednesday, 27 August 2014

Closing Brief

US equities closed fractionally mixed, sp'500 u/c @ 2000. The two leaders - Trans/R2K, settled +0.1% and -0.2% respectively. Near term outlook is for continued minor upside into the Friday/monthly close.


sp'60min


Summary

*price structure is a bull flag on the hourly cycle, and does bode for upside tomorrow morning.
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..and another very quiet day comes to a close.

Certainly, there were some interesting moves in a few stocks, but overall...it is a market devoid of any decent price action.

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*I hold long overnight, via a weak SDRL (already an annoying position, urghh)
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more later... on the VIX