Friday, 13 December 2013

Closing Brief

The main indexes closed with some chop, sp -0.2pts @ 1775. The two leaders - Trans/R2K, both settled +0.4%. Broader market looks set for a move back into the sp'1800s next week. Year end target remains the 1830/50 zone.



*certainly, a bit of a choppy closing hour, but overall.. equity bulls should be pleased with what is a triple floor at sp'1772.

A pretty interesting week, certainly, bears had a good C wave lower to the low 1770s - right on target, and bulls kept the broader trends very much intact.

Have a good weekend

*the weekend post will be on the US weekly indexes