Thursday 31 March 2022

March settles negative



The SPX saw a net March gain of +156pts (3.6%) to 4530. Whilst this was a bullish monthly settlement back above the 10MA, momentum still weakened, settling fractionally negative. In theory, momentum should continue to weaken across the spring and into the summer.

Tuesday 1 March 2022

Sustainably negative




Suffice to note, monthly equity momentum in the SPX has turned back to negative, and should remain sustainably so into April.