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UBS raised its target price for Airbnb (ABNB.O) from $149 to $153.On April 27th, Insight Investment analyst Jill Hilzel stated in a report that investors are expected to focus on the divided vote at this weeks Bank of England interest rate decision. London Stock Exchange data shows that the market consensus is that the Bank of England will keep interest rates unchanged at 3.75%, with a market probability of 84%. Hilzel added that the market will also be watching any updates from the Bank of England on its UK growth and inflation forecasts. She noted that the economic growth forecast is expected to be revised downwards, while the inflation forecast is likely to be revised upwards.April 27 - Due to the US blockade of Iranian ports, Iran is unable to ship oil to customers, and empty tankers cannot dock to load cargo, leading to a continuous accumulation of its oil reserves. To avoid the shutdown of some oil fields, Iran has begun storing oil on floating tankers. However, according to current and former Iranian officials, the country, which heavily relies on oil exports for most of its revenue, is now adopting methods not previously used to save storage space. These officials stated that Iranian authorities are using containers and "makeshift storage facilities," namely, dilapidated and abandoned storage tanks in the southern oil-producing regions of Ahvaz and Asaluyeh, to store oil.Ukrainian Prime Minister: During my meeting with Polish Prime Minister Tusk, I expressed to the Polish people their gratitude for their continued support of Ukraine. In the near future, we look forward to signing an agreement on joint control of shared border crossings and resolving technical issues related to registering Ukrainian transport vehicles in the SENT/RMPD system.April 27: Building materials transaction volume was 123,100 tons, an increase of 13.77% compared to the previous trading day. April 24: Building materials transaction volume was 108,200 tons, an increase of 16.97% compared to the previous trading day. April 23: Building materials transaction volume was 92,500 tons, a decrease of 18.72% compared to the previous trading day. April 22: Building materials transaction volume was 113,800 tons, a decrease of 0.35% compared to the previous trading day. April 21: Building materials transaction volume was 114,200 tons, a decrease of 21.08% compared to the previous trading day. Last weeks average: Building materials transaction volume was 110,000 tons.

Short SPX: Top Trade Opportunities

Skylar Shaw

Apr 15, 2022 10:51

It's possible that the shot across the bow is to blame. The rally, which started in late March, will be closely monitored since it might be a "sucker's rally" rather than a relief rally. If this is the case, Q2 is likely to see a lower high.


Price isn't expected to rise much over 4600, if at all. A rally that extends beyond that point may still fail as a double-top. The market normally does not retrace more than 60-70 percent of the slide off the record high to reach the classic topping sequence of a high, major drop, lower-high before the massive bear market sell-off.

WEEKLY CHART OF THE S&P 500

It may take some time for the downward trend to become an outright drop. The longer it goes on, the bigger the sell-off is going to be. It's preferable for markets to have fast, painful drops rather than long topping cycles that finally lead to quick selling.


This might be a new leg higher to a new record high, but the background for a massive top seems to be as strong as it has been in recent history. If this is the case, the whole year should be turbulent, providing traders with plenty of possibilities.

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