Monday, 29 December 2014

Closing Brief

US equities closed moderately mixed, sp +1.9pts @ 2090 (new high 2093). The two leaders - Trans/R2K, settled higher by 0.2% and 0.3% respectively. Near term outlook is for continued broad upside into January. The daily/weekly/monthly cycles are all offering the sp'2130s in first half of January.


sp'60min


Summary

*notable new historic highs in the sp'500, but arguably even more important.. the R2K (1220).
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Little to add, on what remains another shortened holiday trading week. Things really won't get back to normal until Jan 5'th.
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a daily wrap at 8pm EST.