Wednesday 9 January 2013

Closing Brief

A bit of a choppy day in market land, with the R2K and Transports breaking to new post 2009 highs. The SP' remains only marginally below the 1467 high. Despite the gains, most indexes again ticked lower on the daily MACD cycle.


Dow'60min



SP



Trans


Summary

There really isn't too much to say. A relatively quiet day.

Bears failed to see any late day weakness, perhaps tomorrow.
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*I remain short, seeking an exit @ 1445/40.

The usual bits and pieces across the evening.