Monday, 28 September 2015

Closing Brief

US equities closed significantly lower, sp -49pts at 1881 (intra low 1879). The two leaders - Trans/R2K, settled lower by -2.2% and -2.9% respectively. Near term outlook offers a brief bounce to the 1900/1910 zone.. before very high likelihood of a move to sp'1820 by Thurs/Friday.



.. and the week begins with a rather powerful net daily decline!

A bounce early tomorrow still looks very viable.. but clearly, the primary trend this week is lower.

*I am on the sidelines overnight, but will look to launch a major re-short in the morning.. pref' around 1905/10.

more later... on the VIX