Closing Brief

US equities closed somewhat weak, sp -3pts @ 2104 (intra high 2114). The two leaders - Trans/R2K, settled lower by -2.0% and -0.1% respectively. Near term outlook is for continued broad market upside.. into the sp'2120/30s. Metals held onto moderate gains, Gold +$7. Oil built solid gains of 2.0%


sp'60min

Summary

*some distinct weakness in the closing hour, but really... it barely rates as even minor noise.
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A pretty tedious day to start the week.

However, there was a notable new historic (if fractional) high in the R2K.

Rather sig' declines in the 'old leader' - Transports, but really, I don't think that bodes badly for the broader market.. not with the hourly cycles as they are.
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more later.... on the VIX