Monday, 16 May 2016

3pm update - market sharks

US equities continue to battle upward, with the sp' breaking into the 2070s. As things are, further strength to the 2085/90 zone is viable... but that would arguably complete what is a big bear flag that stretches back to the May 6th low of 2039.



Little to add.

2111 >2039
2039>2085/90.. with a viable next decline to the 200dma in the 2010s.

In any case, the bigger issue is that the 2100s are out of range.

notable strength, AAPL, daily

Based on the current candle... the $97s look due, with a ceiling of 100/103. Broadly, the stock remains broken.

As for the sharks..

If you're already a little tired of what remains a shark infested market, instead of the cheerleaders on clown finance TV, watch the following in this closing hour...

back at the close