Upside into the FOMC

US equities saw significant net weekly gains, with the sp'500 +39pts (2.1%) @ 1961 (range 1927/88). Near term outlook is for further upside to the sp'2000/2010 zone. However, the market might see a brief hysteria spike to the 2050/70 zone.. before the next big rollover.


sp'weekly1b

Dow, weekly

Summary

... its been a long week... and I'll leave it that.

Goodnight from London
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*the weekend post will be on the US monthly indexes