Closing Brief

US equities closed moderately higher, sp +17pts @ 1995 (intra high 1997). The two leaders - Trans/R2K, settled higher by 0.2% and 0.8% respectively. Near term outlook offers threat of a brief post-FOMC sell down to the 1960s, but broadly... the 2040s still look due.


sp'60min

Summary

*closing hour: continued upside... as the bears are short-stopped out.
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Well...  another rough day for those still resolutely holding short. I do sympathise.

Tomorrow will be a key day of course... but more on that later...

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I am on the sidelines, having dropped USO-long from $15.40. I'm very content with things... having battled damn hard to trade the long side since Aug'24th.

more later.. on the VIX