Friday, 8 April 2016

3pm update - net weekly declines

Despite the current gains, all US indexes are set for significant net weekly declines. Near term outlook still offers another push lower to at least the sp'2020/10 zone - where the 200dma is lurking. Oil has truly bizarre gains of +5.7% in the $39s.




*were it not for Oil, this market would be in the sp'2030s right now.

Little to add... in what has been a week of rather annoying swings.

As things are... the setup for Monday looks bearish, and I'm content to hold across the weekend.

back at the close