Thursday 5 June 2014

Closing Brief

US indexes closed with further gains, sp +12pts @ 1940. The two leaders - Trans/R2K, settled higher by  +0.7% and +2.0% respectively.  The immediate term remains bullish, but there is threat of a minor retrace from the 1945/50 zone.


sp'60min


Summary

Suffice to say, the lunacy continues, and we didn't even get any QE from the ECB (not that I expected that until later this year).
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more later...on the VIX