Thursday, 24 October 2013

Closing Brief

The main indexes closed moderately higher, with the sp +5pts @ 1752. The two leaders - Trans/R2K, saw daily gains of +0.9% and 0.7% respectively. The broader mid-term trend remains to the upside, and the sp'1800s look viable in November.



*eyes on AMZN and ZNGA, earnings at the close.

The immediate trend remains to the upside, but I remain highly suspicious of a minor down wave tomorrow, not least with end-week profit taking, and no sig' QE-pomo.

more later..on the VIX

UPDATE on earnings.

AMZN EPS  -9 cents for Q3,...naturally the stock is +6% in the mid 340s. The stock remains wrapped in hysteria. Same old...nonsense!

ZNGA -2 cents, but is +15%, in the $4.10s