Thursday 2 April 2015

3pm update - weakness into the long weekend

US equities are holding moderate gains, but some selling into the weekly close looks due. VIX is reflecting no concern ahead of the Friday jobs data... when the market will be closed. Metals remain weak, Gold -$3. Oil is broadly weak, -0.9%.


sp'60min



sp'weekly2


Summary

*I highlight the bigger weekly cycle... its a mixed week. Yes, the equity bulls look set to achieve a net weekly gain.. but there is no clear turn.. and the bears can still be looking to break <2039 next Monday.
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Whilst US Sec' Kerry is boring most out of their minds with his arrogant claims to be in control of Iran.. which unless I'm mistaken, is a completely separate sovereign state of this planet...  equities look set for some weakness into the close.

A weekly close in the sp'2050s would be useful to the equity bears... along with VIX 15s.
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notable gains, DISCA +3.1%
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back at the close.. to wrap up the trading week.