Monday, 14 July 2014

Closing Brief

US equities closed moderately higher, with new historic highs for the Dow and Trans. The sp'500 settled +9pts @ 1977, with the two leaders - Trans/R2K, closing higher by 0.7% and 0.5% respectively. Near term outlook is bullish.


sp'60min


Summary

*price structure is a baby bull flag on the hourly, and the sp'1985/90 zone is viable tomorrow..or Wednesday, when the Yellen will be talking.
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There really isn't much to add.. on what was just another bullish day in market land.
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more later.. on the VIX