Thursday 24 March 2016

3pm update - melting into the Easter holiday

US equities remain in micro chop mode, with the hourly cycle swinging back toward the equity bulls. Indeed, the sp'2040s look very viable next Mon/Tuesday. Regardless of the exact close, all US indexes are set for the first net weekly decline in six weeks.


sp'60min



sp'weekly1b



Summary

Little to add.

Interesting week... congrats to those who managed to stay awake for much of it!
-

notable weakness, Seagate (STX), 5.4%.. and I've no idea why.

-
back at the close