Monday 4 November 2013

Closing Brief

The main indexes closed higher, with the sp +6pts @ 1768. The two leaders - Trans/R2K, both closed around 1.1% higher. The headline indexes - Dow, SP', Nasdaq, remain noticeably weaker, and there remains moderate chance of a minor wave lower to the sp'1730s.


sp'60min


Summary

So..the market starts the week with more gains.

Especially disturbing (even to me) are the gains seen in the Trans/R2K. All those recently touting equity doom, really need to go stare at those weekly/monthly charts for a good hour or two this evening.

The two leaders look crazy bullish, and there is very little in the near term that might restrain the current gains.


*it would seem TSLA earnings not until Tuesday..AH.   Urghhh..why no one tell me?
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the usual bits and pieces across the evening...