Closing Brief

US equities closed broadly weak, sp -6pts @ 2102. The two leaders - Trans/R2K, settled -0.8% and u/c respectively. Near term outlook is very bearish into the weekly close, with viable further downside to the sp'2060s - with VIX 16/17s next Mon/Tuesday.


sp'60min

Summary

*closing hour was a little choppy... but still.. nothing for the bears to be concerned about.
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With the second consecutive net daily decline, the market is looking highly vulnerable into the weekly close.

I see little reason why we won't be in the 2090/80 zone tomorrow.. and if the Greek leader starts whining about how its all the EU fault with talk of 'no deal'.. well.. then the market is floor less to the 2060/55 zone.

*I remain short INTC.. and long VIX, and have little concern about holding across into next week.

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more later... on the VIX