Friday 14 December 2012

Closing Brief

A pretty bearish end to the week, after the FOMC high of sp'1438. The main indexes closed broadly lower, confirmed with a moderately higher VIX. Provisionally speaking, the weekly indexes are now all rolling lower, and my original target of sp'1225..looks on schedule for January.


Dow'60min



Sp'60min



Trans


Summary

I'm tired, its been a long week. Suffice to say, we ended the week well, and it is pleasing to see the market act a bit more 'normal' again.

There will be the usual bits and pieces to wrap up today, but do have a good weekend.

--
*there will be a weekend posting late Saturday, probably on the weekly index cycles.