Friday, 6 February 2015

Closing Brief

US equities saw some moderate weakness into the close on yet another 'spooky' Greek news report, sp -7pts @ 2055 (intra high 2072). The two leaders - Trans/R2K, settled lower by -0.4% and 0.3% respectively. Near term outlook is broadly bullish.


sp'60min


Summary

*a somewhat weak closing hour, but overall, the net weekly gains are VERY powerful, and do not favour the bears next week.
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Regardless of the weak close, the bull maniacs did manage a clear break of key resistance of sp'2064... along with another daily close above the 50dma.

Been an interesting..  somewhat profitable, and certainly.. entertaining week...........

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