Closing Brief

The main indexes closed with further gains, sp +8pts @ 1842. The two leaders - Trans/R2K, settled higher by 0.3% and 0.1% respectively. A year end close somewhere in the sp'1850/70s is now the best bullish outlook by the Tuesday Dec'31st close.


sp'daily'5

VIX'daily3

Summary

*I won't bother with the hourly charts, doesn't seem any point in getting overly focused on the small cycles.
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Frankly, I'm real tired, not least since visitor traffic is light, and there is little point in posting as much.

As for the VIX, yes, it has something of a floor-spike, but I am dismissive of it. VIX is low, and the earlier break into the 11s is kinda important to note.

There is zero reason why equities won't rally into January..along with a lower VIX.
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A little more later in the evening
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Closing update from Riley


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