Daily Wrap

US equities closed moderately mixed, sp +3pts @ 2100 (new historic high of 2101). The two leaders - Trans/R2K, settled higher 0.1% and 0.2% respectively. Near term outlook offers a minor retrace to 2060/50s, but a break under the giant 2k threshold now looks well out of range.


sp'daily5

R2K, daily

Summary

Little to add.

New historic highs for the sp'500 and R2K, with post 2009 highs for the Nasdaq Comp'

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VIX update

Notable net daily gains, but until VIX can break back above gap resistance.. with a daily close in the 17s... its all minor noise.

VIX'daily3

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Closing update from Riley



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Looking ahead

Wed' will see quite a few things.....  housing starts, PPI, indust' prod', and the FOMC minutes (2pm). Certainly, that should be plenty enough to give the market an excuse for more dynamic price action than we saw today.
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Goodnight from London