Closing Brief

US equities closed higher for the third day of four this week, sp +20pts @ 2062. The two leaders - Trans/R2K, settled higher by 0.9% and 1.4% respectively. Near term outlook is bullish into the monthly jobs data, with a viable weekly close in the sp'2070s... with VIX 15/14s.


sp'60min

Summary

*somewhat surprisingly, equities came close to taking out the 2064 resistance.... bodes in favour of the equity bulls tomorrow morning.
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So... a decisive daily close above the 50dma of sp'2044, and it bodes for upside into the weekend.

For anyone still holding short from Monday morning... gods help you... what about trading stops?

Have a good evening

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*the usual bits and pieces across the evening... to wrap up the day.