Tuesday 23 December 2014

Closing Brief

US equities closed broadly higher for the fifth consecutive day, sp +3pts @ 2082 (intra high 2086). The two leaders - Trans/R2K, settled higher by 0.8% and +0.1% respectively. Near term outlook is for continued moderate upside to the sp'2095/2105 zone by year end.. along with VIX in the 12/11s.


sp'60min


Summary

There is little to add, on what was a rather classic pre-holiday day of low vol' melt... not least in the more stable heavy industrials.
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more later... on the VIX