Tuesday, 3 March 2015

Closing Brief

US equity indexes closed moderately lower, sp -9pts @ 2107 (intra low 2098). The two leaders - Trans/R2K, settled lower by -0.5% and -0.6% respectively. Near term outlook offers a minor retrace to the 50dma in the sp'2060s, whilst the broader trend remains powerfully to the upside.



In the scheme of things... a day of mere moderate weakness, but it does open the door to a minor retrace into the sp'2060s.

There is plenty of data in the coming days.. so Mr Market will have plenty of excuse for some more 'moderately' dynamic price action.

more later... on the VIX