Thursday, 31 December 2015

1pm update - desperately clawing higher

US equity indexes are battling to turn positive, having seen a morning low of sp'2046. The yearly close remains very important, equity bulls should remain in prayer mode... seeking continued recovery to the 2060/70s. Oil has seen a rather powerful reversal, swinging from -1%, currently +2.1% in the $37s.


sp'60min


sp'daily5


Summary

Many of the daily candles are currently of the hollow-red 'reversal' type. Still... we've three hours left.. and that is plenty of time.

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notable weakness...

AAPL, daily


The bear flag has already started to play out.. and were this the only stock I watched, I'd be real spooked.
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stay tuned!