Tuesday, 22 July 2014

Closing Brief

US indexes all closed higher, sp +9pts @ 1983, with notable new highs on the Trans/SP'500. The two leaders - Trans/R2K, settled higher by 1.1% and 0.8% respectively. Near term outlook is bullish, the QE-pomo for Wed/Thursday will no doubt help.


sp'60min


Summary

*aapl earnings due at 4.30pm...
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So...a day of gains, and with new highs on the Trans/SP, price action remains particularly bullish.

*I hold moderately long overnight, I'm long the R2K from 1154... seeking the 1170s by the Friday close.

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more later.. on the VIX.