Friday 29 August 2014

1pm update - net weekly gains

US indexes are holding minor net gains, with the sp'500 hovering around the giant 2000 threshold. VIX is +1%, but will likely get knocked back to negative into the monthly close.


sp'weekly8


Summary

All indexes look set for another net weekly gain. For the sp'500, that will make for the fourth consecutive gain..pretty impressive..and we're almost a clear 100pts above the 1904 low.
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Weekly MACD cycle will turn positive at the Tuesday open.... the 2020s look an easy target.