Closing Brief

US equities closed significantly higher, sp +48pts at 1969. The two leaders - Trans/R2K, settled higher by 2.8% and 2.2% respectively. Near term outlook is for continued upside to at least the 2000/2010, but with 'best bull case' of 2050/70 zone.


sp'60min

Summary

Little to add.

A clear day for the bull maniacs, and regardless of any minor down waves tomorrow.. or this week... market looks headed higher into FOMC week.

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*I'm on the sidelines overnight, will consider long-DIS.. or long-USO tomorrow morning.
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more later... on the VIX