Wednesday, 11 March 2015

Closing Brief

US equities closed somewhat mixed, sp -3pts @ 2040 (intra low 2039). The two leaders - Trans/R2K, settled higher by 1.1% and 0.6% respectively. Near term outlook offers a rally to the sp'2070/80s within the next 2-3 trading days.



*closing hour was surprisingly weak, with another fractionally lower low. Overall though, we're still due a rally in the near term.

A rather tedious day, but one which does make for an initial turn day.

Overall, the sp'2070/80s look a viable target level by the Friday close, before a retrace of some degree early next Mon/Tuesday.

more later... on the VIX