Tuesday 12 November 2013

Closing Brief

The main indexes closed moderately lower, with the sp -4pts @ 1767. There appear to be an absence of buyers to lift the market >1775, and it would seem Mr Market wants to shakeout the weaker bulls. Near term downside to the 1730s..before another wave into the 1800s by early December.


sp'60min


Summary

Compared to yesterday, today was massively volatile and truly exciting.

Seriously though, at least there was some action, particularly in the metals and Oil.

So..bears look set for another opportunity to knock the market about 2% lower, before the next wave higher.
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the usual bits and pieces across the evening