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| Stay on the right for the power masters |
sp'60min
Summary
So... we're set to open at new historic highs... probably in the Dow, SP, and Trans.
It is notable that today is a quad-opex, along with an index rebalancing.. so expect some price chop.. especially into the close.
Hourly MACD (blue bar histogram) cycles are due to rollover, with a bearish cross today, but still, prices will probably just flat line... holding moderate gains into the weekend.
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As for those Scots...
Well, I think many are genuinely surprised at the 'NO' vote, I certainly am.
For a few centuries, the Scots have endlessly whined and bitched about how they are under forced rule by the English (not forgetting the Welsh or Northern Irish)...and yet they have voted against self rule.
No, 55% 2.0 million
Yes 45% 1.6 million
So, what now?
There will be some more 'localised powers' for the already existing Scottish parliament, but still.. they'll be largely under rule of those in southern England.
No doubt, the majority of Scots will soon be complaining about 'Westminster not giving a damn' what the Scots think. True.. but now the English will merely laugh.. and say 'you had your vote.. now shut up!'
For those in Catalonia, Spain, I can only imagine how many are feeling pretty depressed this morning at the failure of their fellow separatists, but they'll surely continue to push hard to get their own vote.
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Video update from Mr Permabull
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End week report by Hunter - various news items
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Good wishes for Friday trading