Monday, 29 December 2014

Closing Brief

US equities closed moderately mixed, sp +1.9pts @ 2090 (new high 2093). The two leaders - Trans/R2K, settled higher by 0.2% and 0.3% respectively. Near term outlook is for continued broad upside into January. The daily/weekly/monthly cycles are all offering the sp'2130s in first half of January.



*notable new historic highs in the sp'500, but arguably even more important.. the R2K (1220).

Little to add, on what remains another shortened holiday trading week. Things really won't get back to normal until Jan 5'th.

a daily wrap at 8pm EST.