Tuesday 2 September 2014

Closing Brief

US indexes closed moderately mixed, sp -1pt @ 2002 (new historic high 2006). The two leaders - Trans/R2K, settled higher by 1.3% and 0.4% respectively. Near term outlook remains bullish, with the 2030s viable by end of this week.


sp'60min


Summary

Overall, a day of minor chop.

However, the bulls achieved two new historic highs... sp'2006, and Transports 8519. Both are indicative of the broader upward trend.
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more later... on the VIX