Tuesday, 18 November 2014

Closing Brief

US equities continue the hyper-ramp from mid October, with new historic highs for the Dow (17735) and Sp'500 (2056), settling +10pts at 2051. The two leaders - Trans/R2K, settled higher by 0.5% and 0.3% respectively.



Suffice to say... another day of classic algo-bot melt.. few buyers..... but even fewer sellers.

There is a 'moderate' chance of retrace beginning tomorrow, but then... that has justifiably been the case for over two weeks.

*daily wrap at 8pm EST.