Wednesday, 31 July 2013

Closing Brief

The main indexes saw some serious post-FOMC chop, with a spike to sp'1698, but then seeing a moderate reversal to 1685. The sp' closed the day..flat @ 1686. Across the month, the sp +79pts..around 5%.



Fun huh?

I will merely hold to original outlook, I still feel the bears are largely powerless right now, and will look for an index short in the 1710/20s, which still seems viable within a few days.

No doubt many bears will be excited at this afternoons action, but yours just not buying it.

bits and pieces across the evening