Closing Brief

US equities closed significantly lower, sp -18pts @ 2095 (intra low 2093). The two leaders - Trans/R2K, settled lower by -0.9% and -1.0% respectively. Near term outlook is for further weakness to the low sp'2080s, a break into the 2070s will be very difficult. Renewed strength looks due next week.


sp'60min

Summary

*closing hour was somewhat weak
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Little to add...  on what was a day for the bears. :)

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more later... on the VIX