Monday, 25 April 2016

10am update - opening weakness

US equities begin the week moderately weak. Further declines to the gap zone of sp'2065/61 - with VIX 16s, looks more viable after the Wed' FOMC. The real issue is whether the equity bears can at least attain a fractional net monthly decline (<2059).




*bear flag on the equity chart... confirmed.

Typically, today will be the more dynamic day - relative to Tuesday, which is typically pretty subdued ahead of an FOMC announcement.

In any case... sp'2111 is now 29pts to the upside....    for the bears... its a start.

notable weakness, DB, daily

Not exactly the most bullish start to the week. A break under the 50dma in the $17s looks probable.

stay tuned