Friday, 22 March 2013

3pm update - a quiet closing hour?

The market is holding moderate gains of 0.6%, with the VIX -3%. There is no real sign of the bears today, its turned out to be something of a quiet day. Market could still melt higher into the low 1560s by the close, but the bulls really only need to hold the 1550s.



There is nothing to suggest we'll rollover and close red by the close.

Yes, there is the uncertainty of the Cyprus issue across this weekend, but on balance, they will likely come to some sort of compromise..which would be just the excuse the market will use to jump into the 1570s on Mon/Tuesday.

back after the close.