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.



*price structure is a bull flag on the hourly cycle, and does bode for upside tomorrow morning.

..and another very quiet day comes to a close.

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

*I hold long overnight, via a weak SDRL (already an annoying position, urghh)

more later... on the VIX