The Traderszone Network

Published in TZ Latest News 2 October, 2014 by The TZ Newswire Staff

And The Market Closes Unchanged… Literally

An ugly and very heavy volume flush into the European close was followed by the kind of miraculous v-shaped low volume recovery traders have become used to in US equity markets. Having broken below several key technical levels, high beta Russell and Trannies soared (fortgetful it seems that Europe will once again open for business in about 8 hours) to close comfortably in the green on the day. VIX was rammed lower (under 16) to support the exuberance along with EURJPY and AUDJPY. The USDollar faded to close unchanged on the week.

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