Monday 24 November 2014

Closing Brief

US equities climbed a little higher, sp +5.9pts @ 2069. The two leaders - Trans/R2K, settled higher by 0.8% and 1.2% respectively. Near term outlook is for continued subdued price action.. inclined to the upside. Sp'2100s remain viable.. before the next retrace.


sp'60min


Summary

*VIX remains reflective of a market with near zero fear, but more on that later.
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A very quiet day.. but then.. its a holiday week. There is little reason to believe that Tuesday won't be quieter.

Have a good evening.
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A daily wrap at 8pm EST.