Friday, 20 November 2015

Closing Brief

US equities closed moderately higher, sp +7pts @ 2089 (intra high 2097). The two leaders - Trans/R2K, settled higher by 0.3% and 0.7% respectively. Near term outlook offers threat of a sporadic minor retrace, but broadly, new historic highs in some indexes look probable before year end.



*closing hour action: minor chop, a touch of weakness to 2084, but then battling higher.

Price structure is a clear baby bull flag.. bodes for an opening gap higher on Monday into the 2100s.

... and another week comes to a close.

Having fallen 3% last week.. and here we are.. net higher by around 3%. All those still touting a broadly bearish outlook... really... still?

The broader trend IS bullish.. or maybe you'd like to short AAPL, DIS, BAC, or INTL?

Have a good weekend

*the usual bits and pieces across the evening.. to wrap up the week.