Friday, 22 March 2013

Closing Brief

The market closed the weak with moderate gains of around 0.5%, with the VIX slipping a little in the high 13s. USD fell 0.4%, and that probably helped Oil which rose 1.5%. The precious metals struggled to rally from an opening gap lower.



Another week comes to a close! Those bears seeking a major new down cycle clearly are going to have to wait yet another week.

If the micro-count is correct, the US markets have a significant chance of upside across Mon/Tuesday, with a spike high in the sp'1570s.

*a few bits and pieces to wrap up the week across the evening.

Have a good weekend