Closing Brief

US equities closed weak, with the sp'500 -14pts @ 2053 (intra low 2049). The two leaders - Trans/R2K, settled lower by -2.7% and -1.6% respectively. Near term outlook offers a retrace to the sp'2020/00 zone. Sustained price action <2000 looks highly unlikely.


sp'60min

Summary

An interesting day to start the week, and we should certainly see some increased price action... rather than the recent few weeks of algo-bot tedium.

For now... I'll leave it that... but I will publish an update on the metals and highlight BTU, RIG, and SDRL on my 'fair value' page.

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