Friday, 9 October 2015

Closing Brief

US equities closed moderately higher, sp +1pt @ 2014 (intra high 2020). The two leaders - Trans/R2K, settled higher by 0.7% and 0.2% respectively. Near term outlook is for continued upside to the 2040/60 zone. The ultimate issue remains, can the market achieve a monthly close back above old broken support?



Last weeks hyper-reversal from sp'1893 now looks a very long way down.

Today was largely a day of minor chop, and makes for some natural consolidation after a powerful net weekly gain.

Thanks for the comments this week.. it makes all the difference knowing someone is out there!

Have a good weekend

*the usual bits and pieces across the evening.. to wrap up the week