Monday 8 December 2014

Closing Brief

US equity indexes were increasingly weak as the day progressed, with the sp'500 settling -15pts @ 2060. The two leaders - Trans/R2K, settled lower by -1.3%. Near term outlook is for a minor retrace.. at best.. sp'2020/1980.


sp'60min


Summary

A day for the equity bears... but still, even if it is a retrace, market won't fall much more than 2-3% before the broader uptrend resumes.
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A daily wrap at 8pm EST.