The index is sitting in an equilibrium area with some overhead supply sentiment above. There is a good chance of the price action breaking back below the 50 day moving average with a potential of breaking down to that 11,400 area and into the Yellow Box range. Keep your head on a swivel with the Yields and any market rotation.
SPHB short looks favorable to work again. This time a nice ratio of 2.18 Reward to Risk.
I'm expecting the high beta stocks to experience greater risk exposure with an index drop down to 15,100 to 15,000. Remember these are not only (1) interest rate sensitive, but they're (2) impacted by increases / decreases in Federal Reserve printing of the M2 Money Supply, and (3) where institutions "park money" when they need a very liquid place to protect it --...
EDIT: Sorry I didn't notice the KEY is unlabeled . -The top red box in the key indicates stop losses -The bottom green box in the key indicates buy zones Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet. Mostly due to the extreme swings it has. (Beta is just...
TVC:NDX All three confirmations for price to correct below neckline of "incined" Head and Shoulders -- Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer RSI nearing overbought 65 to 70 -- also on Right Shoulder The riots and unprecedented uncertainty concerning many national elections from NZ to USA...
In today’s market insights I talk about Trump’s latest move to support HK protesters by signing two bills, denting optimism around the recent trade war optimism! The shift in sentiment was expected but how risk vs havens performed may seem confusing to some when looking at CADJPY and AUDCHF. Here I explain how the yen and franc are likely to perform against...