Friday, 29 April 2016

Closing Brief

US equity indexes ended the week/month on a broadly weak note, sp -10pts @ 2065 (intra low 2052). The two leaders - Trans/R2K, settled lower by -1.2% and -0.8% respectively. Near term outlook offers the sp'2030/20s, which will likely equate to VIX in the 18/19s.



*closing hour action: a rather strong ramp from 2054 to 2069, with some pretty choppy action into the monthly close.

... and another week in the world's most twisted casino comes to a close.

Certainly... the bulls tried damn hard to break/hold the sp'2100 threshold.. but failed. With that failure saw increasing weakness.

The weekly/monthly close in the 2060s is interesting, but those equity bears are going to need to see some daily closes in the 2020s and lower to offer initial hope that 2111 is a key mid term high.

One thing is for sure... May won't be dull.

*the usual bits and pieces across the evening.. to wrap up the week