Wednesday, 3 December 2014

Closing Brief

US equities saw a second day of gains, sp +7pts @ 2074. The two leaders - Trans/R2K, settled higher by 0.8% and 0.9% respectively. Near term outlook remains 'mixed'.. with the permanent threat of a retrace, whilst the broader trend remains very bullish.



*notable new historic highs of Dow 17924 and sp'2076.

... and another day in market land comes to a close. Pretty tedious overall... tomorrow doesn't look promising for anyone wanting some dynamic price action.

The only hope is that the ECB might cause an upset.... with a lower Euro.. higher USD.. and broader downside pressure on commodites.

Have a good evening.

A daily wrap at 8pm EST.