Friday, 27 December 2013

Closing Brief

The main indexes saw minor chop into the weekend, sp -0.6pts @ 1841. The two leaders - Trans/R2K, settled lower, -0.2% and -0.1% respectively. Near term outlook remains broadly bullish, with a viable year end close in the sp'1850/60s.



Well, it was a short trading week, but the bulls got the follow through they should have been seeking. With the break into the sp'1840s, and Dow 16500s, the primary trend remains very strong. For those bears seeking a 5-7% correction...the wait may only be another 2-3 weeks.

Have a good weekend everyone!

The usual bits and pieces across the evening.

*the weekend post will be on the US weekly indexes