Friday 20 December 2013

Closing Brief

The main indexes closed at new highs, with the sp +9pts @ 1819. The two leaders - Trans/R2K, settled up a rather significant +1.1% and 1.8% respectively. Market has a clear road for upside into the new year. VIX settled -2% in the upper 13s.


sp'60min

VIX'60min

Summary

*some real chop into the close..as expected.
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For those who were touting QE-taper...along with major market declines, this has turned out to be a rather horrific week of twisted failure.
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It has been a long week...that is it from me for today.

Have a good weekend...

Goodnight from London
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*the next post will be late Saturday, on the US weekly indexes