Monday 6 April 2015

1pm update - still climbing

US equities are building borderline significant gains, with the sp +17pts @ 2084. Next resistance is the March 30th' high of 2088. Equity bears should be desperate for a late afternoon rollover, with a close back under the 50dma of 2073. VIX is not particularly confirming the equity gains, -1% @ 14.51.


sp'60min



sp'daily5


Summary

Little to add.

With three hours to go... bears really need to whack this market lower into the close. Anything above 2073.. and it bodes for continued strength tomorrow.. if not to the sp'2110s.

Oil is really helping the energy sector, +4.6% in the upper $51s.
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notable strength: TSLA +8.0% @ $206s.