Monday, 26 August 2013

Closing Brief

The main indexes generally closed moderately lower, with the sp -6pts @ 1656. Near term trend remains slightly to the upside, and with two big QEs across Tue/Wednesday, the bears face continued problems. VIX did close higher, but remains in the 14s.




Well, I do kinda like surprises, so..despite proclaiming 'quiet end to a quiet day', it was good to see the market get twitchy on war talk.

*I remain holding to the original outlook, seeking a bounce across Tue/Wed, to the sp'1675/85 area.

I do not expect the 1690s this week, and the 1709 remains a pretty good mid-term high.

the usual bits and pieces across the evening.

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