Monday 12 January 2015

Closing Brief

US equities were weak across day, having slipped from the Friday open of sp'2064 to today's low of 2022, and settling -16pts @ 2028. The two leaders - Trans/R2K, settled lower by -0.6% and -0.5% respectively. Near term outlook is for renewed strength into the coming opex.


sp'60min


Summary

Interesting start to the week.
 
Perhaps even more interestingly... even amongst a fair few of the doomer community.. most seem to be looking for upside to the low sp'2100s within the near term.

*I remain long the R2K, seeking an exit somewhere equiv' to sp'2090/2110... no later than end of next week.

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the usual bits and pieces to wrap up the day... across the evening