US equities closed with significant gains, sp +25pts @ 2086. The two leaders - Trans/R2K, settled higher by 1.0% and 1.4% respectively. Near term outlook is uncertain.. with the threat of a bullish F flag failing.. at least to the low 2070. Daily/weekly cycles are turning back to bullish.. with one trading day left of the month/quarter.
sp'60min
Summary
An interesting.. if somewhat annoying start to the week.
Gains were expected today.. but the magnitude of the gains is such that I lost confidence in launching an index short.
*the price action/news in TCK was particularly eye catching, but more on that one.... on another page!
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more later.. on the VIX
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4.21pm.. TCK denying any talks with Antofagasta.... stock drops sharply.. from 15.50.. to the 14.40s.