Monday 4 May 2015

Closing Brief

US equity indexes closed moderately higher, sp +6pts @ 2114. The two leaders - Trans/R2K, settled higher by 0.1% and 0.4% respectively. Near term outlook is bullish, with the sp'2140s viable into the monthly jobs data this Friday morning. First support is the 2090/85 zone.


sp'60min



Summary

Suffice to say.. a quiet start to the week.

There is little reason why the market won't grind broadly higher into late Thursday.. if not early Friday.

*I will be keeping a close eye on the DIS.. which has results 8am Tuesday.
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the usual bits and pieces across the evening to wrap up the day...