Ahead of the curve

- S&P 500 still above the 1,395 level, which if broken confirms the break of the 1,400 support level

-OMXS30 has been very weak since it broke the 1,070 support, now near the 200 day average (1,027) which we believe will be a support level (see chart)

-Same sectors in the top in the price momentum rank in US and eurozone,

- Consumer Services, Consumer Goods and Healthcare

-These sectors are also strong in the Nordic area , ,but are beaten by Energy and Banks & Insurance

- We continue to argue that one should stay overweight/long Banks

- Top 3 stocks in our price momentum rank in Sweden are TeliaSonera, Electrolux and SEB