Share markets losing momentum

Posted: May 7, 2014 in Uncategorized

Yesterday the markets -0.9%….but it just needed such a small loss to take away any gain since the 29 May! And the first time we saw SP500 1,867 was 4th March.

The market is struggling push over (SP500: 1,900 and DJ 16,000) and is waiting a catalyst to follow the breakdown in NASDAQ and Russell 2000. It still can push a bit higher before capitulating, but there are so many signs of weakness.

Everyone sees a small correction and that worries me…..when everybody agrees on something I am always wary.

The ASX 200 already entered a negative phase as the Budget is looming.



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