Monday, 21 March 2016

Closing Brief

US equity indexes closed moderately mixed, sp +2pts @ 2051. The two leaders - Trans/R2K, settled u/c and -0.3% respectively. Near term outlook threatens the sp'2070/80 zone, along with Nasdaq comp' 4900.



*closing hour action: micro chop... and offering absolutely nothing to those equity bears seeking renewed downside within the near term.

Little to add.. on what was a pretty subdued day.

Aside from a few kooky 'rogue prints', a day when the bears remained powerless, and the broader market continues to claw its way higher.

Based on current price action, there seems little reason why we won't see the sp'2060s, whether tomorrow or Wednesday.

more later... on the VIX