Wednesday 13 February 2013

Closing Brief

Every one of the main indexes broke new post 2009 highs today. Despite the slightly weak intra-day action, the primary trend is still strongly higher, with no real sign that a retracement will occur any time soon. With a giant POMO tomorrow, it'd be surprising if we don't break into the sp'1530s.


Dow



SP



Trans


Summary

Another pretty quiet day. We're just not seeing any real decent price action. A few pts lower..a few pts higher..its largely just very tedious.

With the big POMO tomorrow, it will be interesting to see if we can see a sharp ramp..into the mid 1530s.

After all, why not? Everything is 'fixed' right?
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the usual bits and pieces across the evening.