Thursday, 31 October 2013

Closing Brief

The main indexes closed the month with moderate declines, the sp -6pts @ 1756. The two leaders - Trans/R2K, both closed -0.5%. There looks to be downside to the 1730s, before a further wave into the 1800s in November.



..and October comes to a close.

For many out there, it will be another month to forget and complain about.

I'm bearish to the sp'1730s, but...considering the bigger cycles, further multi-month upside looks a given into next year.

The usual bits and pieces across the evening.