Saturday, 19 March 2016

Bears pushed to the edge

With US equities managing a fifth consecutive week of gains, sp +27pts (1.3%) @ 2049, the equity bears have largely already been short-stopped out of their positions, with many bears having turned bullish. As ever, the monthly close will be very important, with just 8 trading days left of March.




For those currently holding short, this is clearly an increasingly stressful and difficult time.

Yours truly has managed to have had the patience to side-step this latest nonsense, and I remain seeking an 'ideal' short market entry.

Goodnight from London

Closing update from Riley

*the weekend post will be on the US weekly indexes