US equities closed broadly weak, sp -16pts @ 2083 (intra
low 2075). The two leaders - Trans/R2K, settled lower by -0.8% and
-1.3% respectively. Near term outlook is for a key break of the 200dma
(2072), which should offer further downside to the 2050/40s.
sp'daily5
Dow
R2K
Summary
*a notable sixth consecutive net daily decline for the Dow.
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Little to add.
The Wed' rally... with the failed spike, was confirmed with today's downside. Lower levels look due in the immediate term.
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a little more later...
