Closing Brief

US equities closed moderately mixed, sp -9pts @ 2119. The two leaders - Trans/R2K, settled +0.7% and -0.4% respectively. Near term outlook is for continued downside, at least to around 2105/00.. but there remains a chance of filling the secondary gap at 2080.


sp'60min

vix'60min

Summary

Well... for yours truly.. it has been one truly bizarre (in a good way) day...  but more on that later
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As for equities, there sure are some interesting movers out there... not least in tech land, with IBM in trouble... and INTC an all out tech wreck.
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*I will post a combined VIX/Daily index cycle update around 6pm EST

yours... still watching the waves come in

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4.38pm.. AAPL getting trash post earnings, -6% @ $121.... as future guidance/estimates are upsetting the market.

The earlier bearish engulfing candle was indeed an early warning.

So.. IBM whacked... now AAPL, who is next?