Friday, 25 April 2014

Closing Brief

US indexes closed the week on a particularly weak note, sp -15pts @ 1863. The two leaders - Trans/R2K, settled very significantly lower, -1.6% and -1.9% respectively. Near term outlook is for a renewed push higher next week.



...and another week comes to a close...thank the gods!

Overall, I've done okay this week, but I'm seeking much stronger price action next week, with GDP/FOMC Wednesday, and Jobs Friday.

Hourly index charts are pretty close to flooring, but there remains a gap zone of sp'1845, with VIX 15s, that is viable on Monday.

Have a good weekend everyone!

The weekend post will be on the US weekly indexes