Monday 28 October 2013

Closing Brief

The main indexes closed moderately mixed, with the sp +2pts @ 1762. The two leaders - Trans/R2K, closed +0.4% and -0.04% respectively. Near term trend remains bullish, and further gains into the sp'1770/80s look likely by Wed/Thursday.


sp'60min


Summary

*AAPL earnings: revenue and profits..above expectations. Stock initially spikes to $542, but is seeing a strong reversal, now -$18 @ $508.

4.41pm..update - AAPL -6..to -4. It would seem Mr Market is just shaking out the weaker bulls. Near term target remains 540/550s.
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There really isn't much to say.

A simple day of algo-bot upward melt, fuelled by $5bn of QE.

There is little reason why Tuesday will be any different.

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more later..on the VIX (not that much is happening in that either).