Wednesday 25 April 2012

3pm update - Market Reversal ?

Whilst Benny continues speaking his glorious words of wisdom and insight into macro-economics, lets take another quick look at where the indexes are as we enter the closing hour.

Sp'60min


Trading has been a little choppy this past hour. We've seen another challenge to break new highs, but that has so far failed. The VIX is holding a decline of -5%  - still in the low 17s.

A close under the 10MA (sp'1383) would be a moderate victory for the bears, that is what I am looking for this hour.

More after the close.