Friday, 24 October 2014

Closing Brief

US equities closed moderately higher, sp +13pts @ 1964. The two leaders - Trans/R2K, settled higher by 1.0% and 0.2% respectively. Near term outlook is for chop into the FOMC of next Wednesday... before the next major down wave.



*notable, new cycle high of 1965

... and another crazy week in market land comes to a close.

We've seen some rather incredible follow through to the upside, and we're right in my target zone.

Any higher.. and the bigger cycles will start turning up again.. which would be suggestive of new highs.. rather than a mini-crash scenario.

Next week... will be critical.... but then, isn't that always the case?

Have a good weekend
the usual bits and pieces to wrap up the week... across the evening