Monday, 26 January 2015

Closing Brief

US equities saw a day of minor chop, sp +5pts @ 2057 (intra low 2040). The two leaders - Trans/R2K, settled higher by 0.6% and 1.0% respectively. Outlook remains broadly bullish, into the sp'2100s.



*awaiting earnings: MSFT, TXN, UTX

Little to add, on what was essentially a holding pattern day... ahead of what will likely be a quiet snow-day Tuesday.

Considering the Greek election result..the capital markets traded very comfortably today. There is almost nothing for the bears to look forward to this week.

The sp'2090/2110 zone looks a valid target.. although more likely next week.

more later... on the VIX