Tuesday 11 November 2014

Closing Brief

Another very quiet day for the US equity market, but again, achieving new historic highs for the Trans, Dow, and sp'500 (2041), settling +1.5pts @ 2039. A retrace remains on the menu, but with each passing day, the viable downside target is somewhat higher.


sp'60min


Summary

A semi-holiday for the market.. and there really isn't anything to add.
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*I won't be meddling in the indexes for some time, but I do now hold a small GDX (short) position for the rest of this week.. if not into next.
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a daily wrap at 8pm EST.