Wednesday, 29 April 2015

Closing Brief

US equities closed weak, sp -7pts @ 2106 (intra low 2097). The two leaders - Trans/R2K, settled lower by a significant -1.2% and -1.0% respectively. Near term outlook offers a little further weakness, whilst the broader trend remains strongly bullish... with the sp'2170/80s viable by mid June.



Suffice to say.. an interesting and rather good day for yours truly.

Despite the net daily index declines, it remains the case that the equity bears just can't muster any significant.. or sustained downside.

VIX continues to reflect a market with next to zero concern about anything, least of all a GREXIT.

more later.. on the VIX