Monday 5 August 2013

3pm update - quiet closing hour

The main indexes are still holding slight declines, although the markets second leader - Rus'2000, has been marginally positive all day. Precious metals remain a touch weak, and Oil has now also slipped to the downside.


sp'60min


Summary

Regardless of the closing levels, I have to expect upside across much..if not all of Tuesday.
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If sp'1720s tomorrow I will be sorely tempted to launch a short of this market, but really..there is no hurry.

Lets see how we close the day..and indeed.. how tomorrow morning proceeds.
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