Thursday 19 February 2015

Closing Brief

US equities closed moderately mixed, sp -2pts @ 2097 (intra high 2102). The two leaders - Trans/R2K, both settled effectively unchanged. Near term outlook offers a minor retracement to the 50dma (sp'2045/50 zone), but the underlying price pressure remains strongly bullish.


sp'60min



VIX'60min


Summary

*a somewhat weak closing hour, but still... certainly not significant. Even a weekly close in the sp'2070s won't do any damage to the bulls.
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A pretty dull day, I'll be glad for the weekend.
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a daily wrap at 8pm EST