Wednesday, 19 November 2014

Closing Brief

US equities closed somewhat weak, sp -3pts @ 2048 (intra low 2040). The two leaders - Trans/R2K, settled lower by -0.3% and -1.1% respectively. Near term outlook is for a retrace into next week, first soft target is the 2000 threshold.



Interesting day in market land.. with moderate morning weakness... a natural bounce into early afternoon, but then another wave lower in the late afternoon.
VIX remains low though.. barely able to scrap a minor gain today in the low 14s. So far.. Mr Market is showing no real concern... utterly complacent... but then.. everything is 'fine'.. yes?


*daily wrap at 8pm EST.