Tuesday, 29 December 2015

Closing Brief

US equity indexes closed significantly higher, sp +21pts @ 2078 (intra high 2081). The two leaders - Trans/R2K, settled higher by 0.7% and 1.0% respectively. Near term outlook is for a year end closing around sp'2090, with marginal new historic highs for the Dow, sp', and Nasdaq in Jan/Feb'.



A day for the equity bulls, as the broader trend (see daily/weekly charts) reasserted itself.

It clearly remains very light volume, and that almost always favours the bulls. Tomorrow and Thursday will very likely favour the bulls, but with smaller scale price action.

Best guess.. a Thursday/2015 close around sp'2090. The 2100s look due next week.

more later, on the VIX