Monday, 13 October 2014

Closing Brief

US indexes closed very weak, sp -31pts @ 1874. The two leaders - Trans/R2K, settled lower by -2.2% and -0.4% respectively. Near term outlook is uncertain, but there is an overdue bounce of some degree into late October.


sp'60min


Summary

The late afternoon weakness was a real surprise, I certainly didn't expect it.

With the morning low of sp'1890 being taken out, we saw a very sharp and swift stop-cascade.

As for tomorrow... more on that later...

*I'm still kinda struggling, am not 'well' since last week, will endeavour here... best I can this week, but it ain't easy. If I keep writing 1974... rather than 1874... just blame the sickness for my data errors.. urghh.

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the usual bits and pieces to wrap up the evening...