Saturday 23 August 2014

Another week for the bull maniacs

Mr Market comfortably coped with the FOMC minutes and Yellen at Jackson hole this week. The sp'500 saw net weekly gains of a rather significant 33pts (1.7%), with a new historic high of 1994. Outlook into mid/late September remains 2030/50 zone.


sp'weekly8b


Summary

..and that concludes another week in what remains a crazy and twisted market.

The sp'1904 low is now far below... and it would seem unlikely to be tested until October...if at all this year.

Goodnight from London
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*the weekend update will be on the US weekly indexes