Thursday, 31 December 2015

1pm update - desperately clawing higher

US equity indexes are battling to turn positive, having seen a morning low of sp'2046. The yearly close remains very important, equity bulls should remain in prayer mode... seeking continued recovery to the 2060/70s. Oil has seen a rather powerful reversal, swinging from -1%, currently +2.1% in the $37s.




Many of the daily candles are currently of the hollow-red 'reversal' type. Still... we've three hours left.. and that is plenty of time.

notable weakness...

AAPL, daily

The bear flag has already started to play out.. and were this the only stock I watched, I'd be real spooked.

stay tuned!