Friday, 16 January 2015

Back to outright bullish

With significant gains into the long weekend, the monthly MACD cycle on the sp'500 has lost its bearish cross, and is back to outright bullish. As has been the case since October, the equity bears are being periodically teased by Mr Market... and so far.... still no conclusive bearish monthly closes.



Little to add.

Back to MARCON 7, and with the ECB set to announce major QE next Thursday, January could yet close net positive.

As ever... it is how we close the month that matters.