Closing Brief

US equity indexes closed significantly weak, sp -27pts @ 1942 (intra high 1988). The two leaders - Trans/R2K, settled lower by -0.7% and -1.2% respectively. Near term outlook is for renewed upside... at least to the sp'2000/2010 zone.


sp'60min

Summary

*closing hour: a real train wreck, with increasing weakness into the close.
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Well, an AAPL reversal was not unexpected, but I sure didn't expect the main market to see this degree of weakness into the close

The swing from the morning high of 1988 to 1937... a full 51pts... 2.5%... pretty powerful.

Despite today, the broader outlook into FOMC week remains unchanged... I'm still seeking renewed upside to the sp'2000s.

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*I hold long overnight, via DIS and USO. 
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more later... on the VIX