Friday 14 February 2014

Closing Brief

US indexes closed the week with further gains, sp +8pts @ 1838. The two leaders - Trans/R2K, settled higher by 0.3% and 0.1% respectively. Near term outlook is bullish across next week, if not most of March. VIX confirmed a market that is now very comfortable with a new Fed chair.


sp'60min


Summary

What to say?

The bulls got the follow through from last weeks turn, with 1737, now over 100pts lower...amazing!
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Have a good..and long weekend everyone.
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*the weekend post will be on the US weekly indexes