Thursday 18 December 2014

Closing Brief

US equities saw a second consecutive day of powerful gains, sp +48pts @ 2061. The two leaders - Trans/R2K, settled higher by 1.6% and 1.5% respectively. Near term outlook is for continued gains into early 2015... to the sp'2100s.


sp'60min


Summary

*frankly, the closing hour was hillarious... and utter obliteration to those still touting 'its just a bounce'.
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Yesterday was a clear turn... and today offered the bull maniacs the follow through they needed for confirmation.

We're headed higher.. to the sp'2100s. There remains small chance of that before year end, but regardless of when... the 2100s are coming.
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more later... on the VIX