Closing Brief

US equities closed higher for the second consecutive day, sp +7pts @ 1885. The two leaders - Trans/R2K, settled higher by 0.8% and 1.0% respectively. Near term outlook is moderately bullish, with the bigger weekly cycle offering as high as sp'1910 by the Friday close.


sp'60min

Summary

*I hold moderately long overnight, seeking an exit of one block (I've 2), in the R2K 1120s tomorrow morning.
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So..gains for the market...second day running, and Tuesday looks set for further gains, perhaps more significant than today. Certainly, if the R2K can break 1125, along with a breakout on the Nasdaq, then sp'1895/1900 looks viable tomorrow/early Wednesday.

Yes..volume is light, but that just makes it even easier - if not 'safer' for the equity bulls.

For me, I am somewhat resigned to broad upside into the next FOMC of June'18. 
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more later...on the VIX