Closing Brief

US equities closed lower for the fourth consecutive day, sp -11pts @ 2011 (intra low 1988). The two leaders - Trans/R2K, settled -0.9% and -0.3% respectively. Near term outlook is offering a hit of the 200dma around sp'1965. From there... upside into end month.. via 'inspiration' from the ECB.


sp'60min

Summary

*not surprisingly, some latter day gains...  the closing candle is still within the short term down trend. 
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So.. a fourth day for the bears... but as ever.. the declines can't last forever. There remains TRILLIONS of new money looking to find a home.. and the US equity market remains the prime place.

There remains a real chance of a washout low around sp'1965... but regardless.. we're headed higher from there.
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Meanwhile... for those in the UK... and even yours truly in London city... there IS a storm coming this night...



Yours... with all bunker doors/hatches... secured.
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more later... on the VIX
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UPDATE 4.12pm..

Samsung have just put in an offer for Blackberry....

BBRY, 5min

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No doubt.. Ticker guy.. aka Denniger just exploded.


Update 6.15pm.... BBRY denying the bid story... stock collapsing... two thirds of the gains have evaporated in AH.

see HERE for AH quote.. and related story details.