Closing Brief

US equity indexes closed broadly higher, sp +2pts @ 1915 (intra high 1927). The two leaders - Trans/R2K, settled higher by 3.2% and 0.4% respectively. Near term outlook offers renewed upside, with high threat of the 1960/80 zone. The recent key low of 1812 is likely to hold until at least mid March.


sp'60min

Summary

*closing hour action: micro chop.. leaning on the upside.. as no doubt some bears were covering ahead of the jobs data.
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After a few morning swings, it was a very subdued end to the day.

The gains in the Transports I've admittedly not noticed until the close. Broadly though, price structure remains a big bear flag.
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more later.. on the VIX