Friday, 7 February 2014

Closing Brief

Despite some weakness in pre-market (sp -11pts) - on bad jobs data, the market showed strong follow through from the Thursday gains, with the sp'500 settling +23pts @ 1797. The two leaders - Trans/R2K closed higher by 0.8% and 1.1% respectively.



*a pretty strong closing hour, and there is now absolutely nothing for the bears to cling to.

In many ways though.. a rough week for both sides. Bulls getting a major scare..with a Monday fall of sp -40pts, ..flooring at 1737 on Wednesday...but clawing higher into the 1790s for the weekly close.

As ever, Mr Market seems to do its best to annoy the greatest number of traders.

Thank the gods...its the weekend

*the weekend post will be on the US monthly indexes