Friday 7 November 2014

Closing Brief

It was another day for the equity bulls, with new historic highs in the Dow, Trans, and sp'500 (2034), which settled +0.6pts @ 2031. The two leaders - Trans/R2K, settled u/c and +0.1% respectively. Near term outlook offers (still) a minor retrace to the 50dma in the 1970s.


sp'60min


Summary

... and another week comes to a close, with the third consecutive weekly gains.

With regular new historic highs, the equity bulls remain in TOTAL control. The fact they have the Japanese now putting in an underlying bid on most world markets is merely a bonus.

Frankly, there is little else to be said today...

Sincerely.......have a good weekend...

yours...
        no positions.... and probably will hit no buttons for remainder of the year.

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*the weekend post will be on the US monthly indexes