It was a day of swings for US equities, with the sp'500 settling +2pts @ 1951 (range 1975/1944). The two leaders - Trans/R2K, settled +0.1% and -0.1% respectively. Near term outlook is for continued upside.. at least to test the psy' level of 2000 next week.
*closing hour.. moderate chop... and despite a new intra low of sp'1944, this was certainly nothing for the equity bears to get overly excited about.
A somewhat tiresome day... so this needs to be short!
Suffice to say.. opening gains - as inspired by Draghi.. then a natural wave lower to the 1950 threshold.
No doubt a fair few bulls were twitchy this afternoon, but all things considered, the broader upward trend from sp'1867 is comfortably intact, and we're set for the sp'2000s next week.
*I hold a micro long-AAPL position overnight.. seeking an exit in the 112/113s tomorrow.
more later... on the VIX