Closing Brief

US equities closed moderately higher, sp +10pts @ 1985. The two leaders - Trans/R2K, both settled higher by 0.7%. Price action is suggestive of the 1990s next week, although 2000 still looks out of range until the following week... not that it matters.


sp'60min

Summary

Yesterdays baby bullish pennant certainly played out as expected.
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Suffice to say, weekly charts remain incredibly strong, and talk of 'sp'2100s' is not sounding so crazy anymore.
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Well, its time for my lunch... but I will post the usual things to wrap up the week, across the rest of today.

Have a great long weekend everyone.
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*the weekend post (late Sat') will be on the World monthly indexes