Monday, 30 December 2013

Closing Brief

The main indexes closed largely flat, with the sp -0.3pts @ 1841. The broad underlying trend remains bullish, and The VIX settled +8.7% @ 13.54. Market looks set to climb across the rest of the week. Metals closed the day weak, with Gold -$17




The market is naturally seeing minor chop into year end. It could also be seen a simple consolidation though, and indeed, the hourly index charts are offering what is probably just a bull flag.

We look set to break into the 1850s..whether tomorrow..or later this Thurs/Friday.

*things remain quiet out'll skip the normal evening wraps.

A little more later, probably at 8pm EST.

Closing video from MrTopStep