Tuesday, 19 April 2016

2pm update - NFLX having issues

US equities remain moderately mixed, having swung from sp'2104 to 2091. It remains the case that equity bears need to see a Tuesday close <2090 to break the short term rising trend - that stretches back to April'12th (sp'2039). VIX remains a little higher in the 13s.



Little to add.

Its getting a little messy, lets just see how we close.

strength: oil/gas drillers, RIG +10%, SDRL +14%... the old 'dash for trash' situation

notable weakness....NFLX, daily

An ugly gap lower on earnings. With the loss of the 50dma, next support is the $90 threshold.. and then $80.

back at 3pm