Monday, 20 October 2014

Closing Brief

US indexes closed with borderline significant gains, sp +17pts @ 1904. The two leaders - Trans/R2K, settled higher by 1.0% and 1.1% respectively. Near term outlook is offering more likelihood of upside to 1920/50 zone, before the low 1800s.



...a rather tedious start to the week, as the bull maniacs managed to re-take the 1900 threshold..  but still a touch below the 200 dma of 1906.

Regardless of any continued bounce to the 1920/50 zone (even 1960s seem just about viable), the monthly cycles are warning of serious trouble in mid/late November.

more later... on the VIX