US equities closed moderately mixed, sp -0.3pts @ 1851 (intra high
1881). The two leaders - Trans/R2K, settled -0.2% and u/c respectively.
The VIX settled -0.9% @ 26.29. Despite ongoing shaky price action, near term outlook remains unchanged,
with probable further upside back above the sp'1900 threshold.
sp'daily5
VIX'daily3
Summary
A day of significant morning equity gains, but fading away to nothing by the close.
For the bulls, it could be far worse, with key support at 1834/12.
Best guess: renewed upside, back above the 1900 threshold, with the 1950/70 zone viable before end month.
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Update from Riley
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Market/Econ chatter from Schiff
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Looking ahead
Thursday will see the latest weekly jobs.
Yellen will once again appear, this time to the US senate, and that will also likely last until at least 12pm.
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Goodnight from London