Friday 19 July 2013

Closing Brief

The main indexes closed mixed, with the Dow/Nasdaq held back by declines in MSFT and GOOG. The sp'500, R2K, and Trans, all closed a touch higher, with the sp +2pts @ 1692. VIX was smacked lower into the close -8% in the 12.60s.


sp'60min


Summary

Thank the gods...tis the weekend!

Another tough week for the bears - even  for those merely 'watching and waiting' on the sidelines - as I am. I shall hope that the growing consensus amongst chartists - that the current rally will wrap up within a week..or two.. will indeed prove correct.

Have a good weekend
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*next main post will be late Saturday, on the US weekly index charts