Tuesday 22 October 2013

Closing Brief

The main indexes broke new highs, with the sp +10pts @ 1754, having peaked at 1759. The two leaders - Trans/R2K, closed +0.8% and +0.3% respectively. Near term trend remains bullish, but we're obviously getting over-stretched.


sp'60min


Summary

For the equity bulls out there, another great day. Regardless of any minor down cycle in the remainder of the week, with the market breaking new highs - across most indexes, the trend looks ever more secure to the upside.

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more later..on the VIX