Friday, 18 July 2014

Closing Brief

US indexes ended the week on an especially positive note, sp +20pts @ 1978. The two leaders - Trans/R2K, settled higher by 1.3% and 1.6% respectively. Near term outlook is for renewed upside across next week, with the sp'1990/2000s very viable.



..and another week comes to a close.

Certainly, for the bears, it was a dire end to the week, almost completely reversing all of the Thursday declines. Considering the bigger weekly/monthly cycles, the sp'1990/2000s look on track before end July.

Thanks to all those who said hello this week.. makes all the difference.

Have a good weekend everyone!

*the usual updates across the evening to wrap up week.

The weekend update will be on the US weekly indexes