"Any rallies in equity markets this year have been very short-lived and seized upon by investors as an opportunity to exit long positions or short the market,"



 At the time of writing, all the major indices are in positive territory. On the face of it this is quite encouraging, particularly as crude is still trading near its 2003 lows. But once again, what looks like the beginning of a recovery in equities could easily turn out to be nothing more than a dead-cat bounce."