Tuesday 17 June 2014

Closing Brief

US equities closed moderately higher, sp +4pts @ 1942. The two leaders - Trans/R2K, settled +0.4% and +0.8%% respectively. Near term outlook is broadly bullish, into the sp'1950s, although the 1960/70s are just about viable if Mr Market can cope with whatever Yellen has to say at the Wednesday press conf'.


sp'60min


Summary

So..some mixed chop into the close..as expected.

We have the Fed tomorrow...but that is unlikely to provide any surprises.

*I hold long overnight, and will probably hold much into Thur/Friday, when we have quad-opex

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*probably back later...at 8pm EST, for a daily wrap.
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