Friday, 17 July 2015

Net weekly gains

US equities are set for net weekly gains, even if there is some significant weakness into the weekly close - which itself looks less likely. The market has already ramped from sp'2044 to 2124 - a gain of 3.9%, and the giant monthly upper bollinger in the 2180s (best bull target) looks viable in Aug/Sept.




Suffice to add... we're clearly set for a net weekly gain, and regardless of any retrace in the near term, the market looks set to broadly climb into next month.

Looking ahead

Friday will see the latest CPI, Housing Starts, and Consumer Sentiment.

Goodnight from London