Closing Brief

The main indexes opened moderately lower, but those declines sure didn't last long, with the R2K doing a mini-moon shot within minutes. The main indexes closed moderately higher, once again lead by the Trans/R2K. Near term trend looks..choppy.


sp'60min

Summary

For those bears short across the weekend, the market did indeed offer 'mere minutes' to bail, ahead of what turned out to be a pretty dull day of minor chop.

Despite the lack of QE, the underlying market strength was apparent, with the indexes trying to battle higher into the close.
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I would be somewhat surprised if we break 1700 this week, and even more so..1709, which I'm still guessing is a key mid-term high.

*I remain content on the sidelines, and will probably sit back until Thurs/Friday.

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bits and pieces across the evening