Tuesday, 31 March 2015

Closing Brief

US equities ended the month/quarter on a pretty negative note, sp -18pts @ 2067. The two leaders - Trans/R2K, settled lower by -0.5% and -0.4% respectively. With the break of rising trend (from the Wed' low of sp'2045)... the door has opened to a test of the 200dma in the sp'2010s.



... another day comes to a close.. but also... Q1.

Suffice to say... a bit of a choppy day.. but with some rather significant weakness into the close.

With the break of trend on the hourly cycle... the door is now open to a test of the 200dma in the sp'2010s.. although that clearly is more viable next week.. than before the 3 day Easter break.

Have a good evening

*since it is end month, a FULL set of updates across the evening to wrap up the month... and quarter.