Wednesday, 11 September 2013

Closing Brief

The main indexes all closed moderately higher, with the sp +5pts @ 1689. The Dow managed more significant gains of around 135pts (0.9%). The near term trend remains to the upside, and a weekly close in the 1690/1700s looks very viable. VIX..naturally melted lower.



..and the market rallies into the close.  sigh.

I can only note, as a 'permabear', I sure don't see any downside in the immediate term. Worse, I very much am guessing the market will rally on the FOMC.

Those weekly charts should scare the hell out of anyone still short. More on that later.

yours...on the sidelines....urghh