Closing Brief

US equities closed with rather significant gains, sp +19pts @ 2088. The two leaders - Trans/R2K, settled higher by 0.8% and 1.2% respectively. Near term outlook offers new historic highs, which will open the door to the sp'2120/50 zone by early March.


sp'60min

Summary

Unquestionably, today was a major FAIL for the equity bears... with Mr Market back to very high levels of confidence.

After all... Ukraine is now at peace... and the Greeks are going to stabilise and grow their economy. EVERYTHING is fine.... right?

Seriously... it would seem the market is right back to the powerful confidence levels seen across 2013/14.  

Only the Greeks can spoil the party next week, but that now seems highly unlikely.
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more later on the VIX