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.


sp'daily5



Summary

... 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.
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TWTR, daily


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

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stay tuned :)