Friday, 18 March 2016

Closing Brief

US equity indexes closed moderately higher, sp +8pts @ 2049 (intra high 2052). The two leaders - Trans/R2K, settled higher by 1.4% and 0.9% respectively. Near term outlook threatens further Oil upside to the $44/45s, and that might equate to sp'2070/80 zone, before next opportunity of a rollover.



*closing hour action: a lot of minor chop, but yet again... leaning on the upside, arguably aided by comments from Bullard.

...and another crazy week comes to an end.

Clearly, the bull maniacs, and indeed, many of the bears have now capitulated, with the market having climbed from 1810 to 2052.

Everything is fine now, right? Or maybe... not so much. I still expect the coming spring and summer to offer much lower levels.

Have a good weekend

yours... watching and waiting

*the usual bits and pieces across the evening