Friday 19 September 2014

Closing Brief

US equities closed somewhat mixed, sp -1pt @ 2010. The two leaders - Trans/R2K, settled lower by -0.5% and -1.1% respectively. Near term outlook is for continued broad market upside to the sp'2030s.


sp'60min


Summary

...and that concludes another bullish week in market land.

There really isn't much to add. We're continuing to broadly climb from the recent sp'1978 low, and look set for the 2020/25 zone early next week.. with 2030s by end month.

--
*I hold long across the weekend, seeking the 2020/25 zone next Monday, with a broader target of the 2030s by end month.

Have good weekend.

--
For those interested....

Over at Mt. doom in Iceland



Caldera continues to fall... eventually Bardarbunga still looks set to blow up.... although I guess many have been saying the same about the equity market for some years.