Closing Brief

A quiet end to the week, with the main equity indexes all closing moderately higher. Across the week, the sp gained almost 2%. Precious metals recovered after earlier declines of -$13, Gold closed +$2. Oil closed flat, with the VIX a touch lower in the low 14s.


sp'60min

Summary

*a stupid micro hyper-jump into the close..and yes..they whacked the VIX lower into the weekend..as usual.
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There really isn't much to say. Bears showed the first sign of failure last week, with a closing weekly blue 'rainbow' candle. The closing green candle this week..confirms the failure..and sets up sp'1700s next week...

I realise many of you out there don't want to hear any 'we're going up' talk..not least from a self titled 'permabear', but hey..thats how I see it.

*I hold LONG the indexes..across the weekend.
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The usual bits and pieces across the evening

Have a restful weekend.

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*next main post. late Saturday, probably on the World monthly indexes