Closing Brief

US equities closed moderately weak, sp -17pts (intra low 2038) @ 2044. The two leaders - Trans/R2K, settled lower by -1.1% and -0.9% respectively. Near term outlook offers another sig' push higher in opex week.. to the sp'2100s. Metals held sig' gains into the close, Gold +$12... whilst Oil remained weak, -1.4% or so.


sp'60min

Summary

*It will be important early next week that the market holds the lower gap zone... around sp'2025. If that is lost.. there is viable threat of another wave lower (call it a C.. or whatever)... to the 200dma in the 1960s. That scenario does seem unlikely though.
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...and the first full trading week of 2015 comes to a close.

Certainly, the bears had the first two days of the week in their favour.. with a cycle low of sp'1992, but the rebound was powerful.. and the sp'2100s look viable into next Friday's opex.

Have a good weekend
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the usual bits and pieces to wrap up the week... across the evening.