Monday, 5 August 2013

Closing Biief

The market closed marginally lower, with the sp -2.5pts @ 1707. Near term broad trend remains to the upside, but we are arguably within a day or two of a possible top. The two market leaders - Trans/R2K, closed mixed, -0.7% and 0.3% respectively.



Just a quiet day in market land, there really isn't much to note.

Will tomorrow see a peak in the sp'1715/25 zone? Certainly, with a QE of $5bn, it looks very viable.