Monday, 18 April 2016

3pm update - two percent away

The sp'500 has come within a mere 2% of breaking the May'2015 historic high of 2134. Considering the markets ability to completely shrug off multiple negative issues, it bodes for further gains into the early summer. The equity bears are losing what little hope remained.


Nasdaq comp', daily


Besides the sp'500 and Dow, the Nasdaq comp' is set to re-take the giant psy' level of 5K.

A moderate retrace into end month remains viable.. but the fact we've broken another set of key levels today argues against taking any future downside remotely seriously.

After all.... its all considered bullish now... even a BREXIT vote.

back at the close