Closing Brief

The main indexes closed with moderate declines, the sp -6pts @ 1685. Hourly index charts are offering significant upside across Thurs/Friday. If earnings continue to at least come in 'reasonable', Mr Market looks set for another wave higher into the weekend.


sp'60min

Summary

Opening moderate gains...failing right from the start...turning to moderate declines into the afternoon.

I suppose it was less dull than the past few weeks, but still..we're only talking about very small moves, not even a high/low trading range of 1% for the headline indexes.

Best guess remains..sp'1710/20s by early next week.
--

bits and pieces across the evening...