Friday, 14 December 2012

Closing Brief

A pretty bearish end to the week, after the FOMC high of sp'1438. The main indexes closed broadly lower, confirmed with a moderately higher VIX. Provisionally speaking, the weekly indexes are now all rolling lower, and my original target of sp'1225..looks on schedule for January.





I'm tired, its been a long week. Suffice to say, we ended the week well, and it is pleasing to see the market act a bit more 'normal' again.

There will be the usual bits and pieces to wrap up today, but do have a good weekend.

*there will be a weekend posting late Saturday, probably on the weekly index cycles.