Wednesday, 27 November 2013

Closing Brief

US equities closed moderately higher, with the sp +4pts @ 1807. The two leaders - Trans/R2k, broke new highs, both settling +0.6%. Near term outlook remains a little uncertain, but the broader trend remains unquestionably strong.



Another day for the bulls..and bears just lack any real downside has been the case for almost the entire year.

With heavy QE next week, I'm resigned to assuming higher levels..rather than even a slight 1-2% retracement.
-- all those in the USA..have a good thanksgiving!

To everyone else on the planet..enjoy the day off!

The usual bits and pieces to wrap up the day...across the evening.