Friday, 13 May 2016

Closing Brief

US equities ended the weekly on a pretty negative note, sp -17pts @ 2046. The two leaders - Trans/R2K, settled lower by -1.2% and -0.6% respectively. Near term outlook offers a break of the 2039 low, and that will open up the 2020/1990s next week.. before the next sig' bounce of 2-3%.



closing hour action: minor chop... leaning weak, as some of the rats were more than happy to jump ship into the weekend.

... and another twisted week in the world's nastiest casino comes to a close.

Without question, even as of earlier this afternoon, there still seemed clear threat of yet another push to the 2090/2100s... but the break of 2053 scrubbed that scenario.

Instead.. now the 2030s are a valid target to begin next week.

As has been the case for three weeks, if we can break into the sp'2020s, it would really help give some clarity/confidence that sp'2111 was a key mid term high.

Have a good weekend

the usual bits and pieces across the evening.. to wrap up the week