Saturday, 5 March 2016

A third week of gains

The equity bull maniacs managed a third consecutive net weekly gain for US equity indexes, with the sp +51pts (2.7%) at 1999. Near term outlook threatens the 2020/40 zone by the FOMC of March 16th. From there.... things should get real interesting.




Suffice to add, it will be important for the equity bears to see renewed weakness after the next FOMC, with a March close under the 10MA (currently @ 2013).

Goodnight from London

*the weekend post will be on the World monthly indexes