Closing Brief

US equity indexes closed weak, sp -6pts @ 1932 (intra range 1908/37). The two leaders - Trans/R2K, settled lower by  -1.0% and -0.2% respectively. Near term outlook is for continued equity downside.. to test the 1900 threshold... and break through to 1820 by next Thurs/Friday.


sp'15min

sp'60min

Summary

*closing hour: pretty wild action as the market tried to break a new high.. but was firmly stuck at 1937.
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..and another day at the worlds most twisted and stomach churning casino comes to a close.

All things considered, a day for the bears... with a lower low of sp'1908.. and VIX having broken to the 25s.

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*I hold VIX-long and SPY-short overnight... but having dropped AAPL/INTC- both short this morning, I am only half short what I was.
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more later on the VIX