Thursday 6 June 2013

Closing Brief

The indexes broke a new low in the morning to sp'1598, but we saw a very strong latter day reversal, with most indexes closing moderately higher. The sp' close of 1622 bodes very badly for the bears tomorrow if Mr Market decides it likes the monthly jobs data.


sp'60min


Summary

...as expected.

As noted earlier, bears had almost two full days to exit in the 1610/00 area.

If we're in the 1630/40s tomorrow, there can be no excuses for any complaints.
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bits and pieces across the evening