Tuesday, 29 October 2013

Closing Brief

The main indexes all closed with moderate gains, sp +9pts @ 1771. The two leaders - Trans/R2K, were higher by 0.4% and 0.2% respectively. Near term trend remains outright bullish, and the sp'1800s are even viable tomorrow on an FOMC hyper-spike.



*It remains bizarre how clown finance TV has almost entirely glossed over the fact that the Nasdaq effectively flat lined/died for an hour today.

...after all.. why wouldn't we close at the high of the day?

This remains a market starkly bullish, especially when you consider the world equity market as a whole. Incredible underlying upside strength. As I noted some weeks ago..there is upside of around 20-30% on ALL world indexes by late spring 2014..and some indexes look set to double up within 12-18mths.

Anyone touting anything bearish this evening are idiots...lost in denial.

the usual bits and pieces across the evening