Closing Brief

US equities closed moderately mixed, sp +2pts @ 2101. The two leaders - Trans/R2K, settled -0.1% and +0.3% respectively. Near term outlook continues to offer weakness to the sp'2060s.. where the 50dma is lurking. Broader upside to 2150/2250 zone still looks due by early summer.


sp'60min

Summary

A pretty tedious day.

We now have ECB Qe-pomo set to begin next Monday, and will be interesting to see how the EU markets react to that new money. Certainly, its a case of not getting overly focused on short term moves.. but how the EU markets trade across March-May.

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more later... on the VIX