Closing Brief

US equities closed broadly weak, sp -13pts @ 2079. The two leaders - Trans/R2K, settled lower by -2.0% and -0.6% respectively. Near term outlook is uncertain, with some stocks (INTC, AAPL for instance) suggestive of further downside across this week.


sp'60min

Summary

*a pretty stinky closing hour... a full reversal of the 2pm attempt to put in a floor.
---

A somewhat tedious day, but clearly another day for the equity bears.. with the Friday low (sp'2085) decisively taken out.

Next support is not until the 200dma.. currently @ 2045..    2050 by end week.

.. yes, I'm surprised.. not least as the USD is rapidly cooling.
-

more later... on the VIX