Thursday 3 May 2012

3pm update - looking for a weak close

The weakness continues, a close under the 1394 level would be preferable. A lot of individual signs to look for..not least the AAPL, which looks like it'll break the big $580 level - opening up $500 (best bear case) in the near term.


Sp'60min



Bears must see a close under the 10MA - currently sp'1396

The jobs data -and the level of intensity with which the market reacts to it, will be.so very important tomorrow.

More after the close.