Closing Brief

With the Fed cutting QE, the uncertainty is out of the way, and that was a great relief to the market, which soared (after an initial drop to 1767 - a hit on the 50 day MA). The sp' closed +29pts @ 1810. Near term outlook looks bullish, with a year end target of 1830/50.


sp'60min

Summary

Well, that was the last big event of 2013.

I sure didn't expect the QE-taper a mere week before Christmas, but ..the reaction is exactly the sort of thing I was concerned about.

I hope you enjoyed it.

The rest of the year should see some follow through to the upside.
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bits and pieces across the evening