Whilst the headline indexes (sp', Dow) saw continued minor chop, sp +1pt @ 1844, the two leaders - Trans/R2K, broke new historic highs yet again, settling higher by 1.0% and 0.5% respectively. The broader market looks set to climb into the next FOMC of Jan'29
sp'daily5
R2K
Trans
Summary
Little to add. The last few weeks have been largely chop, but the underlying strength is still there to be seen, as reflected in the two market leaders.
Upside target remains sp'1860/80 by end month.
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a little more later...
