Thursday, 25 July 2013

Closing Brief

The main indexes closed somewhat mixed. The R2K was pretty strong, +1%, whilst the Transports saw a rather strong turn from early lows to close flat. Near term trend remains to the upside, and the QE is no doubt helping keep this charade going.



Just another day of nonsense in the worlds most rigged, twisted, and nasty casino.

It remains impossible to know whether sub'4 is done..or not, but I'm guessing it has.

Best guess..a small sub'5 into early next week (there is mid size QE Monday), and maxing out Tue/Wed in the sp'1710/20s.
the usual bits and pieces across the evening.