Thursday 8 January 2015

Closing Brief

US equities saw a second day of increasingly strong gains, sp +36pts @ 2062. The two leaders - Trans/R2K, settled higher by 2.1% and 1.7% respectively. Near term outlook is bullish into the sp'2100s.


sp'60min


Summary

Today was day'2 UP... there are very likely at least another 3 or 4 days to go.

As some realise.. there is little reason why this up wave won't broadly continue into next Fri' opex... and by then.. .we'll probably be in the 2100s.

Whether we get stuck around 2110, 20s, or even somewhat higher.. for now... I just don't much care.
-

more later... on the VIX