Thursday, 14 April 2016

3pm update - cyclically cooling

Having made a new cycle high of sp'2087, equities are set to lean a little lower into the close. Cyclically, a cooling phase is due - at least to the 2065/61 gap zone. With China GDP/production data due overnight, some of the bull maniacs might understandably be a little twitchy about holding.




Well, another day.. another new set of cycle highs.

Regardless of the exact close.. a day for the bull maniacs.

Now its a case of whether China can spoil the bulls party.. and begin some weakness that carries across into next week.

notable weakness: STX -19.8% in the low $27s.. as the buyers are not interested... the 22/20 zone looks probable.

back at the close.