Tuesday, 10 November 2015

Closing Brief

US equities closed moderately mixed, sp +3pts @ 2081 (intra low 2069). The two leaders - Trans/R2K, settled u/c and +0.3% respectively. Near term outlook is for a test of the 200dma (2063).. with the 2020s viable next week.



closing hour action: micro chop... leaning on the downside, but then another nano spike upward into the close.

Aside from the action in a few stocks like AAPL and TSLA, it was a somewhat tedious day.

A test of the 200dma in the low sp'2060s - a mere 3% below the recent high 2116, looks a given.

The more natural retrace target of the 2020s looks out of range until next week. As today showed.. the dip buyers are still out there. Or should that be the central banks?


more later... on the VIX