The main indexes closed the week on a high, with the sp +8pts @ 1804. The two leaders - Trans/R2K, closed +0.3% and +0.5% respectively. Next week looks set for further moderate gains...somewhere in the 1810/20s. VIX continues to reflect a market that is utterly fearless of the future.
...and another weekly gain for the US indexes, the seventh consecutive gain.
No doubt many of the bears will be in a bad mood for another weekend..and I do sympathise..a little.
Yet..as I have been posting for the past few months, the big monthly charts are very clear. This is especially the case for the world equity indexes..all of which are still offering another 10/20% higher by late spring 2014.
It has been a 'useful' week for yours truly, I continue to leave the indexes to themselves...and will focus on specific stocks or commodities.
Have a good weekend everyone!
*weekend post will be on the US weekly indexes