Last Friday there was a quadruple witching on the New York Stock Exchange. It could mean a start of a new trend for the market.

Quadruple witching means expiry of outstanding derivates like options, futures etcetera. Hence there will be a new play with fresh cards from now on. The S&P500 has created a lower peak which could be a warning that the market has rolled over into a negative trend.

Meanwhile we still see a rising trend for the Nasdaq100 index, where Apple was in focus late last week with closure of some business due to the Corona virus. This was met by only a modest drop in the share price though.
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Head of Equity Research
markus.augustsson@carlsquare.com
+46 (0)76 235 03 20

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