Closing Brief

US equities closed higher, having swung from an early low of sp'2048, settling +21pts @ 2068. The two leaders - Trans/R2K, settled higher by 0.8% and 0.6% respectively. Near term outlook remains... suspect... as the market will be highly vulnerable to snapping lower on any 'spooky' Greek news headlines.


sp'60min

Summary

Without question... today was a bit of a mess.

Opening gains.. but with clear reversals in the R2K and VIX at the open.. those held until late morning... but then the market just clawed its way higher. The fact we saw further strength into the close... truly bizarre... not least when you consider Oil was down by around -5%.

The sp'2025/20 zone remains viable... but if market jumps above 2072 early tomorrow, it'd seem new historic highs are due in the current wave.

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more later...on the VIX