Thursday 19 December 2013

Closing Brief

The market saw some minor chop..a day of consolidation, with sp -1pt @ 1809. The two leaders - Trans/R2K, settled unchanged and -0.7% respectively. The near term outlook remains very bullish, with a year end target zone of sp'1830/50.


sp'60min


Summary

A pretty understandable day of chop, after what were powerful Wednesday gains.

There really isn't much to add. With heavy QE tomorrow, bears face the usual problems.

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bits and pieces across the evening