Friday, 14 August 2015

Daily Index Cycle update

US equities settled moderately mixed, with some distinct weakness in the closing hour, sp -2pts @ 2083 (intra high 2092). The two leaders - Trans/R2K, settled lower by -0.1% and -0.3% respectively. Near term outlook is for renewed weakness to the sp'2040s, which should equate to VIX 17s.. before churn/moderate upside into opex.




Little to add.

Market looks set for lower levels across Friday.. and perhaps into Monday.

Closing update from Riley

a little more later..