Closing Brief

US equities saw further significant volatility, swinging from an opening low of sp'1976 to 2016, and settling -16pts @ 1972. The two leaders - Trans/R2K, settled -1.3% and -0.1% respectively. Near term outlook is for a key floor/turn at the next FOMC.


sp'60min

Summary

*closing hour action was very much weaker than I expected... regardless... the Yellen will appear tomorrow.
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Yet another really interesting day.. with some dynamic swings. A 2% ramp from the opening low, then some very significant weakness (-2.2% from midday) into the close.

Tomorrow will be the last big trading day of the year, and should mark a 'safe place' for the bull maniacs to be long... into early 2015.

Have a good evening
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*with continued strong price action, a full set of updates across the evening... to wrap up the day