Wednesday, 2 March 2016

3pm update - rising support

Regardless of the exact close, the near term outlook offers further upside to the sp'1990s.. if not a test of the giant 2K threshold this Friday. Rising support will be around 1955 at today's close, and 1980 by the Friday close. For now.. equity bears look powerless ahead of the ECB and FOMC meetings.



Clearly there is threat of weakness ahead of the jobs data, but broadly, it'd now be surprising if the market didn't test 2K in the near term.

notable strength.. CHK, daily

.. but it remains an obliterated stock.. having imploded from last summer.

.. and we now have news...........

Whether suicide, murder, or just a plain old accident, CHK is now even more complicated.


You know its a big story if they drag the Cramer on...

back at the close