Tuesday, 23 July 2013

Closing Brief

The main indexes saw mixed chop across the day, with the main indexes closing mixed. The sp' slipped a largely irrelevant 3pts to 1692. Oil closed with gains of 0.4%, whilst Gold +$9. Near term trend remains to the upside.



Another tiresome day of largely nothing.

QE continues, and yet there is still 'crashy' chat out there.

Seriously? Haven't the last four weeks been enough to convince the bears of sp'3000* in 2016 yet?

I guess not.

If Sub'3 even done yet? That is still too difficult to guess.

*ohh, and as for sp'3000, its a very valid scenario...if QE continues.