Friday 3 May 2013

Closing Brief

The bulls close the week at new historical highs for the Dow, SP'500, and the R2K. The market has broken out, and it would appear a major new up wave - that will endure until Aug/September has now begun. Incredible, bizarre, twisted, but that..is how it is.


sp'60min


Summary

What to say about today?

The 1% decline on Wednesday is now a distant..and sadly...laughable fading memory.

A breakout...IS a breakout.

New highs can NOT be dismissed.
--

I realise many won't like hearing it, but that is how I see it.

Regardless, I do wish you a good weekend.
--

*next main post..late Saturday, probably detailing the US monthly index charts.