Closing Brief

US equities closed moderately weak, sp -9pts @ 2092 (intra high 2107). The two leaders - Trans/R2K, settled -0.7% and +0.1% respectively. Near term outlook remains bullish, with new historic highs due for all indexes.


sp'60min

Summary

*a somewhat weak closing hour, but overall.. its nothing for the equity bears to get excited about.
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There really isn't much to note... on what was a relatively quiet day.

Broader weekly cycles are all suggestive of higher levels... at least to the sp'2130s.

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more later.. on the VIX