Closing Brief

A choppy day to end a V-shaped trading month, where we saw the indexes cycle from the 1430s to 1343, and back into the high 1410s. Frankly, its gone almost exactly as I had expected. What will be more 'interesting' is whether I'm also right about what comes next.


Dow'60min

Sp

Trans

Summary

*It would seem - according to clown network, there was a 3.5bn Morgan Stanley buy order, hence the closing hour ramp.
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Well, that's November trading complete.

A slightly disappointing end to the day, with the transports failing to break the lower channel.

However, despite the mini-ramp, NONE of the indexes broke above yesterday mornings peak, so..the overall outlook remains on track.

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*the usual daily bits and pieces across the evening.
There will be a weekend posting, late Saturday, probably on the Monthly US index charts.

Have a good weekend