Friday, 6 June 2014

Closing Brief

US indexes closed the week with the third consecutive daily gain, sp +8pts @ 1949. The two leaders - Trans/R2K, settled +0.9% and +1.0% respectively. Near term outlook offers minor chance of a retrace, with the bigger weekly/monthly charts powerfully bullish.

The Longest Day, 6/6/44


... and another week at the worlds most twisted and pumped up casino comes to a close.

Effectively, the bulls continue the ramp from the April'11 low of sp' over 130pts lower. For those still seeking a major multi-month down wave - which still includes me, this remains a difficult... and exasperating wait.

..but least I'm not short. I will be there...when the turn eventually occurs.

Have a good weekend everyone.

*the weekend update will be on the US monthly indexes