Saturday, 21 February 2015

A third week for the bulls

US equity indexes saw net weekly gains for the third consecutive week, with the sp'500 +13pts (0.6%) @ 2110. There is weekly trend resistance in the 2110/20s, but the broader up trend looks set to continue into the spring. No doubt though.. a basket of crash calling doomers will start to now appear.




*the third green candle... close to upper trend/channel resistance in the sp'2110s

Clearly, there is trend resistance - seen on many indexes, in the near term.

Yet, as I noted in my New Years day post... one aspect to look for this year will be an acceleration of trend. Perhaps we are about to see that... not least as the QE-pomo train is set to arrive in the EU.

It has been a tedious week... I gladly welcome the weekend.

Goodnight from London

*the weekend update will be on the US weekly indexes