Monday, 5 August 2013

3pm update - quiet closing hour

The main indexes are still holding slight declines, although the markets second leader - Rus'2000, has been marginally positive all day. Precious metals remain a touch weak, and Oil has now also slipped to the downside.



Regardless of the closing levels, I have to expect upside across much..if not all of Tuesday.

If sp'1720s tomorrow I will be sorely tempted to launch a short of this market, but really..there is no hurry.

Lets see how we close the day..and indeed.. how tomorrow morning proceeds.