sp'60min
Summary
*a somewhat weak closing hour, but as ever... nothing of significance, merely a case of some cashing out ahead of the long 3 day weekend.
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.. and another week comes to a close at the world's most rigged and twisted casino.
Without question, with another pair of new index highs - Dow/Sp'500, it was another week for the equity bulls. This is despite some distinct weakness in the 'old leader' - Trans. Understandably, it has received some considerable mainstream attention, but one index does not override the broader market.
Until the market is trading under the giant sp'2K threshold, I can't take ANY bearish talk seriously. It is merely the same top calling nonsense that we've seen the key breakout in summer 2013.
Have a good holiday weekend...
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*the usual bits and pieces across the evening to wrap up the week