Tuesday, 13 August 2013

Closing Brief

The main indexes closed moderately higher, after yet another latter day recovery - and that was with no QE! The VIX declined around 4%, and despite a lot of looming issues for September, the market remains fearless. Gold was weak, closing -$13



I suppose I could have gone long in the morning in the low 1680s, but really, I just don't like meddling when the cycles are so small.

I still think the bulls won't be able to bust over sp'1700 in the near term. Even if they do, the 1709 high will be many times harder.

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bits and pieces across the evening!