Friday 23 January 2015

3pm update - a week for the bulls

US equities are set for the first net weekly gain of the year, with a gain of almost 2% for the sp'500. Metals are ending the week on a down note, Gold -$12. Energy remains mixed, with Nat' gas +3.1%, whilst Oil -2.0%.


sp'weekly7


sp'60min


Summary

Thank the gods... its almost the weekend!

Regardless of the exact close, equity bulls have held the market well today, and look set for 2070s next Monday.

Weekly cycles are offering the 2120s in the near term, although that will likely take at least two weeks.
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back at the close... unless something 'interesting' happen before then.