Friday 11 October 2013

Closing Brief

The main indexes built on the Thursday hyper-ramp, with the sp +10pts @ 1703. The two leaders - Trans/R2K, closed with +0.6% and +1.4% respectively. The precious metals closed weak, with Gold -$17. Oil recovered half of the opening drop, but still -0.9%. VIX closed -3% in the upper 15s.


sp'60min



Summary

..and another wacky week in market land comes to a close.

Regardless of how we open next Monday morning, the bigger weekly charts are offering at least a few more weeks to the upside...so..for bears, its arguably time to sit back..and take a break.

Good to hear from some of you today..and across the week. It does help to know you're out there!

Have a restful weekend everyone!
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*next main post, late Saturday, probably on the World monthly indexes