Closing Brief

US equity indexes closed broadly higher for the second consecutive day, sp +17pts @ 2038. The two leaders - Trans/R2K, settled higher by 1.5% and 0.9% respectively. Near term outlook offers a lot of chop, but with underlying seasonal upward pressure. Right now, a year end close >2065 looks probable.


sp'60min

Summary

*closing hour action: a little surge to a new intra high of 2042, but then cooling to the mid 2030s.

There is very natural resistance at the hourly upper bollinger.
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So.. a second day of gains... as we're another day closer to Santa.

We're clearly headed broadly higher into end year, although right now, a year end close in the 2100s looks difficult.. even if Oil pushes upward.

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more later.. on the indexes