Closing Brief

US indexes closed with moderate gains, sp +11pts @ 1847. The two leaders - Trans/R2K, settled higher by 0.4% and 0.9% respectively. Near term outlook is bullish into March, with a broader upside target zone of 1880/1920 by the next FOMC.


sp'60min

Summary

*closing hour weakness, but overall, just a natural retracement

I certainly do NOT think the daily close under 1850 is an issue. After all, we did not close net lower on the day. How could the bears claim anything from today's action?
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Despite the gains, a relatively quiet day in market land, and I'll leave it at that.

the usual bits and pieces to wrap up the day, across the evening...