Monday, 10 November 2014

Closing Brief

A very quiet start to the week for the US equity market, sp +6pts @ 2038. The two leaders - Trans/R2K, settled higher by 1.3% and 0.5% respectively. Near term outlook is still offering a retrace, but with each day.. the target of the 50dma (1971) will need to be raised.


sp'60min


Summary

Dull dull dull.
-

Frankly, were it not for the action in commodity land - inspired by a morning swing to the upside in the USD, today would have been difficult to stay awake.

--
A daily wrap at 8pm EST.