Closing Brief

US equities closed a little weak, sp -2pts @ 2071, but with two new historic highs of sp'2077, and Dow 17937. The two leaders - Trans/R2K, settled lower by -0.1% and -0.5% respectively. Near term outlook is mixed, but with Dow 18k and sp'2100s... seemingly due.


sp'60min

Summary

So... early morning weakness.... to sp'2062... but then reversing.. to a new historic high a mere few hours later.

It remains a nightmare of a market for those still attempting short term index shorts (or even worse.. VIX longs).

I will have no part of it, with no intention to short the indexes until late 2015/early 2016.
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A daily wrap at 8pm EST