Monday, 3 August 2015

1pm update - increasingly weak

The underlying weakness is starting to show through again, with equity indexes breaking new intraday lows. It remains the case that a daily close under sp'2090.. along with VIX 14s will offer clarity that new lows (<2063) are due within the next 4-7 trading days.



... besides the indexes, there is a truck load of notable weakness out there...

AAPL, daily

The break into the $118s is HUGELY significant for AAPL, and arguably the broader market. Target is the 105/100 zone.

TWTR, daily

... weak weak weak! Headed for the IPO price of $26

stay tuned :)