Friday 1 March 2013

Closing Brief

A choppy start to the month..a choppy start to end the week. Some pretty significant intra-day swings, from 1514 to 1501..then 1520 to 1513. Highlight of the week was Mondays brief spike in the VIX to the 19s. It will probably be 6-8 weeks until we're back at those levels.


sp'60min


Summary

Another week ends, and it was certainly at least not boring!

All things considered, it looks like we're getting another wave higher to 1550/60. So..the bears need to be patient until we're well into the spring.

The usual things to wrap up the week across the evening.

Have a good weekend!
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*next main posting, late Saturday, on the World Indexes