Friday 20 September 2013

Closing Brief

The main indexes all closed somewhat lower, with the sp -12pts @ 1709. Precious metals closed sharply lower, with Gold -$37. Despite the equity declines, VIX closed barely 1% higher. The broad weekly trends remain to the upside though, and sp'1730s are the target for next week.


sp'60min


Summary

Some HUGE volume at the close of this quad-opex, where the Dow/SP are being rebalanced.
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*I am long from sp'1713, will hold long across the weekend, seeking an exit in the 1730s late next week.
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Its been a tough week...I'm glad its complete.

Have a good weekend.
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*next main posting, late Saturday - US weekly indexes