Friday, 22 April 2016

11am update - the weaker Nasdaq

Whilst there is notable moderate strength in the Trans/R2K, there is significant weakness in the Nasdaq comp', currently -1.4%, having lost what remains the key 4900 threshold. VIX has clawed into the 14s, a weekly close in the 15s is just about possible, but more viable next Monday.

Nasdaq comp', daily



Suffice to add.. anyone buying the open is now having something of a problem.

How low do we have to fall until the mainstream start to question if sp'2111 was a mid term high?

notable weakness... CAT, daily

Testing rising trend. Equity bears should be seeking the $73/72s by end month, where we'd probably bounce.

time to cook