Wednesday, 24 December 2014

11am update - holiday melt higher

US equities are broadly higher for a sixth day, with another (if marginal) new historic high in the Dow. The two leaders - Trans/R2K, are both set to break new historic cycles... and the latter will be especially important. Metals remain seeing minor chop, Gold +$1, whilst Oil remains weak.. -2.9%

R2K, daily

USO, daily'2


R2K @ 1208.. a mere 5pts from breaking the double top of 1212/13.

Notable gains: BAC +0.6% @ $18.05... which for me.. is rather an important signal.

Other than that... little to add.