Wednesday 2 July 2014

Closing Brief

US equities traded within a very narrow range across the day, the sp'500 settled +1pt @ 1974. There looks to be near term upside into the 1980/90s. The giant 2000 level - if it is going to be hit, looks more likely in August.. than July.


sp'60min


Summary

It was a very quiet day in market land...and this is most certainly not 'bear weather'.

There looks to be further upside, with a sig' chance of Dow 17k tomorrow... so long as the monthly jobs gains come in at least over 200k.

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I'll post a full daily wrap later at 8pm EST.

Have a good evening.