Wednesday, 8 July 2015

Closing Brief

US equities closed significantly weak, sp -34pts @ 2046 (intra low 2044). The two leaders - Trans/R2K, settled lower by -2.1% and -1.5% respectively. Near term outlook is for renewed upside into the sp'2100s... regardless of the ongoing Greek/China issues.



Well.. that was quite a day, wasn't it?

Early morning weakness.. as expected..  then the NYSE going offline... with the market melting lower across the afternoon.

Price structure is offering a double floor of sp'2044.

*I hold INTC-long.. overnight.

more later.. on the VIX