Friday, 22 April 2016

1pm update - still leaning weak

US equities are pretty choppy, and indeed somewhat mixed as the Trans/R2K battle to stay positive, but current price action favours the equity bears into the weekend.. and early next week. The sp'2065/61 gap zone remains a very realistic target for next Mon/Tuesday.. ahead of the latest nonsense from PRINT central.


Nasdaq comp' weekly


Suffice to add... the sp'500 is pretty close to a net weekly decline...  and we have the tech already sig' net lower.. despite the recent superb earnings from MSFT and GOOGL.

At least SBUX has the right idea, they've already announced an increased stock buyback of another 100 million shares.. that WILL unquestionably solve the underlying global growth problems.

If only other companies acted the same way.. we truly would then live a life of unicorns and rainbows.

yours... approaching the 100% sarcasm threshold.

notable weakness, miners, GDX -3.4%... with Gold -$20, and Silver -1.0%.

GLD, daily

As ever.. those black-fail candles often are warnings.