It was a day of moderate swings in equity land, with the morning seeing a low of sp'2924, but then a rather typical latter day recovery to settle broadly flat. Volatility did pick up, with the VIX printing 14.05, but then melting back lower to settle +0.1% at 13.12.
The sp'500 climbed for a fourth consecutive month, +111pts (3.9%) to 2945, having broken a new historic high of 2948. On any basis, it was a very bullish month. Note the macd (blue bar histogram) cycle, as price momentum is about to turn net positive for the first time since Oct'2018. The outlook for May has to be bullish.
|AMD and AAPL bulls set to ascend in early May|
|The sun sets on April|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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