Wednesday, 8 April 2015

1pm update - minor chop.. ahead of the fedspeak

US equities remain in minor chop mode, ahead of the latest FOMC minutes (due 2pm). Renewed weakness into the close looks probable, not least with a bearish triple spike top on the daily equity chart. Oil continues to slip, -5.1%. Metals remain weak, Gold -$7.




Little to add.

Market remains stuck under resistance, and all things considered... I'm seeking renewed weakness into the close... along with Oil -6%.

notable strength: DIS, +1.1%.. as Avenger'2 is just weeks away.