Monday 13 April 2015

1pm update - minor equity weakness

Equity indexes are seeing a minor down wave.. from an earlier high of sp'2107. Regardless of the daily close.. the broader trend remains bullish. Metals remain weak, Gold -$9. Oil is +0.7%, but looks vulnerable into the next set of inventory reports this Tue/Wednesday.


sp'60min



INTC'15min



Summary

*I continue to have eyes on INTC.. the 31.60/50s would be a reasonable entry level.. at least to me.
--

Little to add.. on what is a pretty quiet day.

notable weakness: SINA, -5.7%.. with many reeling recent threats of a shutdown from the China Govt'