Friday 3 October 2014

Closing Brief

US equities continued higher from the Thurs' low of sp'1926, settling +21pts @ 1967 (intra high 1970). The two leaders - Trans/R2K, closed higher by 2.1% and 0.8% respectively. With prices close to key resistance, near term outlook is uncertain.


sp'60min


Summary

...and another week in the world's most twisted casino comes to a close.
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Well, it was unquestionably a day for the bulls, and we're a clear 2% above the early Thursday low of sp'1926.

As for next week...being so close to resistance, its now very hard to say... but we did see net weekly declines on ALL indexes.

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