Thursday, 26 April 2012

3pm update - urghh..the market horror!

Nasty, its a real nasty market today. The reverse stop-cascade up has caused untold havoc to the bears. Instead of a 10am fail around 1390, we managed to scrap slowly upward to 1392/93, and that has eventually taken out multiple stop layers all the way to the rather dizzy heights of sp'1401 Are we at max-capitulation yet?


Not much to add right now, obviously, today will be a very fortuitous victory for the bulls.

Another reminder...keep an eye on AMZN earnings at the close. Yes, its just one company of many, but it sure is one of the biggest retailers out there. It might offer a wider insight into the mood of the more savvy online consumers this past quarter.

More after the close.