Monday 30 April 2012

3pm update - one hour left of April

The 1395 level failed to hold..that's good to see, but we only fell to 1394, not exactly a huge 'snap' lower.A close in the 1380s seems out of range.


SP'60min



*keep an eye on the VIX, so far its up just 5/6%, that's very little. A +8/10% close would bode well for some downward follow through tomorrow.

As ever, how we close is even more important than how we opened ...and everything in between!

Clown channel host talking of 'sell in May and go away'. Ahh yes...we're right back to that mantra again.

More after the close.