Tuesday, 21 April 2015

10am update - messy open

Equities open moderately higher, but there is a distinct air of weakness, with signs of an opening bearish reversal all over the place. VIX is not reflecting any concern though. Metals are broadly flat, whilst Oil is a touch weak, -0.2%.



So... opening gains, but they are not looking particularly reliable.

Despite the opening mess...the broader trends remain bullish, there is little reason to believe we won't break over 2111 this week.

Notable minor weakness, IBM -0.3% @ $166....

...not exactly inspiring, after a Monday AH peak of $171.