Friday, 4 December 2015

Closing Brief

US equities closed with very powerful gains of 42pts (2.0%) @ 2091 (intra high 2093). The two leaders - Trans/R2K, settled higher by 0.9% and 1.1% respectively. Near term outlook is for the sp'2115/20 zone... if not a straight run to the 2150s by the FOMC of Dec 16th.


sp'60min


Summary

.. and another crazy week in the twisted casino comes to a close.

Perhaps the following typifies today's nonsense...

2 cheerleaders, an exec, and a duck

Situation normal. Bullish.

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After the Thursday afternoon spike-floor candles I thought I was bold in calling for the sp'2070s today. Yet.. with Draghi talking the Euro down, things spiralled through resistance of 2080.

It was a very bizarre end to the week... but then.. the underlying upside pressure was always to the upside.

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*thanks for the many comments this week, it is always good to hear from some of you.

Have a good weekend

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