Monday 30 September 2013

Closing Brief

The main indexes closed somewhat lower, with the sp -10pts @ 1681. The two leaders - Trans/R2K, remain stronger, and declined by just -0.2% and -0.1% respectively. Near term trend remains weak, but once the shutdown has come and gone..the bigger upward trend will likely resume.


sp'60min


Summary

Well, congrats to those on the short side from last Friday...with two good opportunities today.. either an exit at the open..or later into the close.

Today was the 7th daily decline in the past 8 trading days.

Certainly, its been a fair while since we'd seen this consistent (if very minor) weakness.

..and that..concludes Q3.
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the usual bits and pieces across the evening...