Tuesday, 22 March 2016

12pm update - underlying upward pressure

US equities remain leaning on the upward side. Regardless of whether moderate net daily gains.. or losses, further upside to the sp'2060/80 zone looks probable. There is notable resilience in tech, with the Nasdaq comp' within 2% of the very important 4900 threshold.


Nasdaq comp',daily


Little to add.

Oil looks set for the $43/44s... as early as tomorrow.. and that will certainly drag the equity market upward.

notable weakness, INFN, daily

There appears no real excuse for the drop. Technically, yesterday saw a hit of key resistance, now its a case of whether rising support holds. Broadly... the stock looks set for much lower levels.

time for lunch