Tuesday, 18 December 2012

10am update - too close for comfort

The Transports and Rus'2000 have now taken out their FOMC highs from last Wednesday. Are they leading the way again? The bigger Dow/Sp'500 are just 0.2% shy of their highs.







sp'60min



trans'60min


Summary

So, we're seeing small opening gains, and sitting oh so close to seeing all indexes break the FOMC high.

As things are, there is no sign of a turn lower, nor even a levelling phase.