Wednesday, 6 March 2013

Closing Brief

A quiet day in market land. We melted higher..but the minor gains started to fade into the close. The hourly index charts are offering a pretty good bull flag, with upside into the 1550/60s by the Friday close. The big issue remains, how big a down cycle will we get in the weeks/months ahead?



A bit of minor chop to conclude Wednesday. Not much to add really, aside that I guess we'll be breaking above that bull flag..either late tomorrow..or more likely on Friday.

A weekly close in the 1560s..would be pretty fierce way to end the first full trading week of March.

*I holding long overnight, via Silver.and Oil. Both look okay for a few days..and maybe a few weeks.

more later...on the usual stuff