Thursday, 6 March 2014

Closing Brief

US indexes closed somewhat mixed, sp +3pts @ 1877 (new intraday high of 1881). The two leaders - Trans/R2K, settled +1.0% and -0.1% respectively. Regardless of the Friday open, the broader trend remains to the upside, probably at least to the next FOMC.



*Nothing can be discerned from the slight closing hour weakness. Frankly, it barely rates as noise.

Price structure is arguably a baby bull flag..with upside to the 1890s viable as early as tomorrow. Other than that..there just isn't much to note.

Have a good evening!
more later..on the VIX