Wednesday, 23 January 2013

Closing Brief

Another tiresome day of slow motion upward melt. Bears have seemingly zero power, and the current upward trend shows no sign of ending. A repeat of autumn 2010 ? The Rus'2000 closed a touch lower, but really, the general trend remains consistently higher.


Dow



SP



Trans


Summary

Transports remains the leader, with the Dow pushing higher today - almost entirely due to the jump in IBM.

Tiresome...indeed.

More later..on the indexes and the VIX.