Closing Brief

US equities closed moderately higher, sp +2pts @ 2000 (new historic high 2005). The two leaders - Trans/R2K, settled -0.4% and +0.8% respectively. Near term outlook offers the 2010s to close the week/month.


sp'60min

Summary

So.. a day of relatively minor chop.. but with the usual underlying upward pressure.

The QE no doubt helped today..and there is another $1bn of that fuel tomorrow morning.

We have a 3 day holiday weekend ahead, and volume will only get lighter.

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*holding LONG overnight via.. SDRL
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more later... on the VIX