Wednesday, 17 July 2013

Closing Brief

Another very quiet day in the market, with the sp'500 closing at 1680. The market appears confident that the Fed will keep the printing going, at least into summer 2014. With low volume, conditions look near perfect for the algo-bots to melt the market higher into early August.



A pretty tiresome day, or maybe thats just the summer heat getting to me?

Bears still look very weak, and with the VIX in the 13s, it is unquestionably a fearless market.

*I remain on the sidelines.

the usual bits and pieces across the evening