Thursday, 31 March 2016

2pm update - in other news...

US equities remain in minor chop mode. Cyclically, the hourly cycle is still suggestive of increasing weakness into the Thursday/March close.. and (in theory) could extend across Friday. Clearly though, even an initial move to the sp'2040/30s won't likely be particularly straight forward.




Little to add... on what could merely be a minor chop day before the next sig' move.

Its interesting that the Nasdaq comp' remains unable to clear the 4900 threshold... which has been a key level for the better part of a year.

In other news...

According to Zerohedge (yes, I do keep an eye on that twisted site), the infamous Gartman has waved the white flag, and is now touting 'not to fight the fed'.

So.. there is your kooky sell signal.

back at 3pm