Closing Brief

US equities saw some moderate weakness, but closed only a little lower, sp -2pts @ 1982 (intra low 1969). The two leaders - Trans/R2K, settled lower by -0.5% and -0.3% respectively. Near term outlook is for renewed weakness. at least down to the sp'1920s.. with VIX 20s.


sp'60min

Summary

.. and thus concludes a rather important Fed day.

QE3 is terminated.. and for the first time in over two years, the market will have to 'go it alone'.
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*with the smaller 5/15min equity cycles on the low side, I decided to sit out this afternoon.

I will look to go short tomorrow morning, somewhere in the 1990 area.. which might be a fine micro double top.
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*I will post on GDX, and the precious metals on my other pages.. later this evening.
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more later... on the VIX