Wednesday, 2 September 2015

Closing Brief

US equity indexes closed significantly higher, sp +35pts @ 1948. The two leaders - Trans/R2K, settled higher by 2.4% and 1.6% respectively. Near term outlook is for continued upside, with the sp'2000 threshold probable next week.



*closing hour.. a fair bit of minor chop.. enough to spook some of the weaker bulls, but then a rather clear short-stop cascade in the closing 10 minutes... breaking new cycle highs.

A pretty dynamic day.. a lot of chop.. but underlying upside.

Market looks set to gap higher tomorrow.. the 1960/70s look viable. 

*I hold long-AAPL overnight.. seeking the 114/115s... before the weekend.

more later... on the VIX