Tuesday, 21 April 2015

3pm update - clawing higher into the close

It has been a rather tedious day of minor chop. The smaller 15/60min cycles are offering slight upside into the close... a net daily gain some indexes seems probable.. certainly for the Nasdaq. Oil remains significantly lower, -2.3%. Gold is holding moderate gains of $6.


Nasdaq, daily


A somewhat dull day... 

Regardless of the exact close, the equity bulls have managed to hold most of the strong Monday gains. Indeed, Today was arguably one of consolidation.

notable weakness, energy stocks, BTU -5.2%, CHK -4.4%, RIG/SDRL, -5.7%

*Oil.. along with most energy stocks should see renewed strength, no later than Thursday.

back at the close.