Friday, 20 February 2015

Daily Wrap

US equities closed moderately mixed, sp -2pts @ 2097 (intra high 2102). The two leaders - Trans/R2K, both settled effectively unchanged. Near term outlook remains offering a minor retrace to the 50dma in the 2050s next week.


sp'daily5


R2K


Summary

*the second market leader - R2K, looks especially strong, having broken into the 1230s.
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It has been a pretty tedious 3 trading days.... I'll be glad for the weekend, and I'll leave it at that.
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Econ-chatter - Mr Long.. with Faber


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Closing update from Riley

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Looking ahead

The only data of note is PMI manufacturing.

It will be opex... so expect increasing chop/price action into the weekly close.
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Goodnight from London