Friday, 29 May 2015

Closing Brief

US equity indexes ended the month on a moderately negative note, sp -13pts @ 2107 (intra low 2104). The two leaders - Trans/R2K, settled lower by -0.8% and -0.5% respectively. Near term outlook is for further weakness next week to around 2080. From there, renewed upside to 2160/80 zone in mid/late June.



*a naturally choppy closing hour, and it bodes in favour of the equity bears next Monday.

... and another week.. and month comes to a close.

Without question, it was a month for the equity bulls, with net monthly gains for most indexes, along with a set of new historic highs in some, but most certainly, not all indexes.

June should be... rather interesting

Have a good weekend.
*the usual bits and pieces across the evening... to wrap up the trading week.