Friday, 25 October 2013

Closing Brief

The main indexes closed moderately higher, with the sp +7pts @ 1759. The two leaders - Trans/R2K, closed -0.2% and -0.1% respectively. Further upside looks very likely next week, with the 1800s most certainly viable in November.



*as I feared, a nasty little micro-spike higher into the close, although just shy of the 1760s.

Another week for the equity bulls, and for the few remaining bears out there, this remains a market to simple stay clear of.

Have a good weekend

*next main post, late Saturday, on the US weekly indexes