Tuesday, 4 August 2015

Closing Brief

US equity indexes closed moderately mixed, sp -4pts @ 2093 (intra low 2088). The two leaders - Trans/R2K, settled +0.1% and -0.2% respectively. Near term outlook is for a daily close under the 200dma (2070), which will offer clarity that the US market has already maxed out for the summer.. and year.



*closing hour.. a few minor swings.. much like yesterday.

So... a lot of chop today, but equity bears have the edge.. and we look set for more significant downside later this week.

Things will get interesting on a daily close under the 200dma (2070)... which seems highly probable.

more later... on the VIX