Thursday 10 October 2013

Closing Brief

The main indexes closed powerfully higher, with the sp +36pts @ 1692. The two leaders - Trans/R2K, closed with major gains of 2.3% and 2.5% respectively. With Boehner caving in yet again, Mr Market has again smashed the equity bears, and looks to offer more pain tomorrow.


sp'60min


Summary

For the bears..it was arguably the worse...if not most disappointing day of the year. The sp'1640s now look a very long way down, and considering the size of today's daily candle...follow through to the upside is very likely.

After all, the political maniacs are going to keep playing their little games..

rinse..repeat...for mid-November.

*I hold short silver overnight, and looking to drop ahead of the weekend. I'm not intending to meddle in the indexes for some weeks. I am simply tired of it!
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the usual bits and pieces across the evening...