Friday, 5 September 2014

1pm update - trying to avoid the crazy talkers

Whilst equity indexes are now a touch green (some indexes are now net higher on the week).. I am trying to avoid being mentally polluted by the 'crazy talkers'. They are still out there today...incessantly top calling, with some rather bizarre near term downside targets.



Market looks set for minor churn for the rest of the day..with the usual underlying upward bias. Hourly cycles certainly support a weekly close in the sp'2000s. Bulls need 2003 or so.. for a fractional gain.

It is highly notable that the Trans is 2.2% higher this week...and it should be a major warning that the broader market will follow.

time for lunch