Thursday 15 January 2015

Closing Brief

US equities saw a fifth consecutive day of weakness, sp -18pts @ 1992. The two leaders - Trans/R2K, settled lower by -0.4% and -1.9% respectively. Near term outlook is for continued weakness, most likely to at least briefly test the 200dma of sp'1965.


sp'60min


Summary

Suffice to say... an 'entertaining' day.

It would seem highly probable that the market will at least briefly test the 200dma of sp'1965... whether tomorrow, or next Tuesday (market is closed Monday).
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the usual bits and pieces across the evening.. to wrap up the day.