Closing Brief

US equities settled moderately mixed, sp -0.2pts @ 2068. The two leaders - Trans/R2K, settled +0.3% and -0.1% respectively. Near term outlook still offers a down wave to the 2025/20 zone, which would likely equate to VIX 20/22s.


sp'60min

vix'60min

Summary

*a really messy closing hour... with a rather sickening break (if briefly) above key resistance of sp'2072.
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Another pretty tedious day.. as Mr Market is trying to fathom whether there will be an agreement between Greece and the rest of the EU.

It would seem likely the Greeks will stretch this out into the latter part of February, at which point Germany will likely concede something... and reach a lame compromise to kick the can another year or two.

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awaiting earnings from TLSA, CSCO, WFM, NVDA.

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*daily wrap @ 8pm EST.