Tuesday 30 December 2014

Closing Brief

US equities closed moderately weak, sp -10pts @ 2080. The two leaders - Trans/R2K, settled lower by -0.2% and -0.5% respectively. The smaller hourly cycles are suggestive of another wave higher into mid January... to the sp'2130/50 zone.


sp'60min


Summary

A touch of renewed weakness into the close, but really...  moderate declines are nothing for the equity bears to get excited about.

.... just one trading day left of the year........... thank the gods!

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a daily wrap at 8pm EST.