Friday 21 September 2012

12pm update - sleepy Friday

All things considered, its a quiet end to the week. Margnal gains for the main indexes...yet once again, the transports is lower.


sp'60min



Trans'60min


Summary

There is certainly nothing for the bears to get excited about. Quite the contrary in fact, just where is the downside momentum expected to come from? Right now, there just isn't anything, other than slow motion low volume melt upward.

It sure won't take much -a few comments from Draghi/Spanish bailout news, to kick this market >1474, next week.

Time for lunch, back at 3pm.