Friday, 5 September 2014

3pm update - minor chop into the close

US equities look set to close the week with some minor chop, with a weekly close somewhere in the low sp'2000s. Unquestionably, it was another week for the bulls, with new historic highs in the Dow, SP', Trans, and NYSE Comp'.



*I remain reluctant to add anything to the smaller cycle charts... it remains all noise...within a broader up trend.

It continues to bemuse how so many have seemingly lost all perspective.

It is as though, so long as we aren't breaking a new high EVERY single day, then the bears appear, touting the usual nonsense.