Closing Brief

Wednesday price action was almost identical to Tuesday, with mixed minor chop, sp' +0.1pts @ 1845. The two leaders - Trans/R2K, settled -0.2% and +0.6% respectively. Near term outlook is for another major wave higher into the 1865/75 zone within 2-5 trading days.


sp'60min

Summary

Are you feeling a little deja vu?
--

Another day of minor chop, although some notable early sig' gains in the R2K, breaking a new historic high.

With Yellen due to speak tomorrow morning, and a truck load ($3-4bn) of QE-pomo, equity bears should have a restless nights sleep.

--
The usual bits and pieces across the evening