sp'daily5
R2K, daily
Summary
*the second market leader - R2K, looks especially nasty... and is followed by the Trans... both net lower for the month.
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So.. we have the R2K/Trans.. leading the way lower, and now the sp'500/Dow are both holding under their 50dma's.
... not exactly the most bullish of monthly closes, but still... new highs were hit for a number of indexes, and earnings broadly came in 'reasonable'.
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notable weakness: AAPL -2.5%, although still net higher for April by around 0.8%
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3.04pm.. The rats are getting real twitchy... with empty air to 2075/70.
Things really only get interesting if <2070... along with VIX 20s... but right now.. the latter looks especially difficult to hit.
*core support for May will be 2025... and certainly the giant 2K threshold.
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