Wednesday 14 August 2013

Closing Brief

The main indexes all closed moderately lower, with the sp -8pts @ 1685. Near term outlook for equities looks to be continued minor price chop into the Friday opex. Precious metals and Oil both closed higher, with Silver managing around 1.8%


sp'60min


Summary

Again, it was a pretty dull day of minor price chop.
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The market remains trapped within a very narrow range, with equity bears needing a move <1675. Bulls just need anything >1700.


*I remain content on the sidelines, seeking an index re-short after the Friday morning QE, in the sp'1695/1700 zone.

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the usual bits and pieces across the evening