Closing Brief

US equities closed moderately mixed, sp -1pt @ 2113 (intra high 2119). The two leaders - Trans/R2K, settled -0.5% and +0.1% respectively. Near term outlook continues to offer a minor retrace to the 50dma.. in the sp'2050s next week. The broader trend remains powerfully bullish... with Nasdaq 5000s due.


sp'60min

VIX'60min

Summary

*awaiting earnings from RIG
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Suffice to say... pretty tedious day, but at least.. the Yellen is out of the way until the next FOMC meeting of March'18th.

Until we break under sp'2100, there still isn't any clarity that a moderate retrace is underway.

If <2100, then target zone is 2065/50 within the next 2 weeks... that might equate to VIX maxing out in the 18/19s.
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Daily wrap at 8pm