Closing Brief

US equities closed moderately mixed, sp +10pts @ 1893 (intra low 1873). The two leaders - Trans/R2K, settled -0.8% and +0.1% respectively. Near term outlook is for a Friday or Monday close >1900, and that will confirm the 1940/70 zone will be hit in first half of February.


sp'60min

Summary

*closing hour action: micro chop.. stuck under the sp'1900 threshold.
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Well, not much to add... despite what was another day of rather significant swings, from 1902 to 1873... and back to 1899.

A daily close >1900 looks due.. whether that is achieved tomorrow or next Monday..  makes little difference. We still look set for the 1940/70 zone.

The real issue is that mainstream will soon be on the 'everything is fine again' train... and how things fall apart then.. should be pretty exciting.

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more later... on the VIX