Monday, May 4, 2015

Equity has been in range bound last week with some pullback, and this pullback apparently is another buying opportunity.  I expect S&P 500 will finally break  out to the upside to 2140-2150 area. If it gets there, I will become more cautious then.

Russel 2000 has been underperform again last week. I think it will also try to bounce at this level, at least to 1250 area, and possibly back to 1270.

Bond sold off sharply last two weeks, and it's oversold short term. I think at least bond price can bounce a little bit for now.  I don't have any long term view on it.

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