Thursday, 12 September 2013

Closing Brief

The main indexes closed somewhat weak, with the sp -5pts @ 1683 The two leaders - Trans/R2K, saw more significant declines of -1.1% and -0.6% respectively. Baring a weekly close back under sp'1675, the near term trend remains bullish.



Another somewhat tiresome day of nothing. The only real action was in the precious metals market, which is having a natural major effect on the mining stocks.

It remains a marginal situation whilst we remain in the gap zone. Yet...those weekly charts remain outright bullish.

I'm guessing we still battle higher, after perhaps another day or two of price consolidation.

the usual bits and pieces across the evening...