Closing Brief

US equities closed the week on a positive note, sp +3pts @ 1962. The two leaders - Trans/R2K, settled higher by 0.2% and 0.4% respectively. Near term outlook remains bullish into the sp'1970s, the 80/90s do not look viable until mid July.


sp'60min

Summary

So..another week for the equity bulls, and it has been a pretty impressive rally from the recent key low of sp'1814. Even the 1900 threshold is now a clear 3% lower, and I don't expect that to be breached until late July.. at the earliest.
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*I want to express my thanks to all those who have commented this week, it makes all the difference.

I will hold a single position across the weekend, WFM, which remains a real disappointment, but hey, I've until mid July before time runs out on that one.. not least if the main market peaks around then.

Sincerely... have a good weekend
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The usual bits and pieces to wrap up the trading day... across the evening.
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**the weekend update will be on the US weekly indexes