Thursday, 20 November 2014

Closing Brief

US equities settled with moderate gains for all the main indexes, sp +4pts @ 2052. The two leaders - Trans/R2K, settled higher by 0.4% and 1.1% respectively. Near term outlook continues to offer a minor 2-3% retrace... at least sometime within the next 0-5 years.



Seriously though.. another pretty tedious day in market land.

A slightly promising open.. but a cruel tease to the bears.. a marginal break of the daily 10MA of sp'2041... but flooring at 2040, and recovering into the afternoon.

Make your own guesses as to how much the BoJ bought today in the US market.

a daily wrap at 8pm EST.