Today, the selling is too strong to be adding to the long position.
wait and see
Pascal
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Printable View
Today, the selling is too strong to be adding to the long position.
wait and see
Pascal
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Some accumulation today. This could be due to options expiration though.
Planning to increase the long position here
Pascal
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Roller coaster patterns are not good, especially for broad indices because they point to liquidity swings. Algos have been detecting liquidity inflow and then outflows and acted accordingly. This tells us that there is not stable flow and hence no trend is reliable, nor are sustainable narratives supporting any market direction for more than a day or two.
Out of the markets for now
Pascal
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Today's activity is still miserable in terms of Money Flow.
Pascal
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The positive Money Flow divergence at the start of the day was a good indication for the rest of the day.
Pascal
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Tech under pressure as each price bounce is sold.
Pascal
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This type of linear accumulation points to outside money destined for market support.
Not good to be short here unless that money vanishes.
Pascal
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No sign - yet - that Santa Claus is preparing some present from China.
We should expect some trial rumor anytime though.
Pascal
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No real conviction today. Is Santa Claus dead?
Pascal
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Very poor market today. The 20DMF is about to issue a short signal.
Pascal
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No improvement today: prices down and sellers active.
Pascal
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Nothing good happened after the Fed decided to raise rates.
Pascal
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Not buying yet; Wait and see for now as large players are not really buying.
Pascal
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Today's pullback is still attracting money for now.
Pascal
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The NQ8 section of the market looks rather weak today compared to the 20DMF.
I was thinking that AAPL would have been the target in China, but it seems that most of the NQ8 stocks are down and under heavy selling (AMZN, MSFT, GOOGL, FB, but AAPL not so much).
This points to Index followers selling the most liquid stocks.
Pascal
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Market still rather weak today.
Lower prices do not seem to be attracting money, but things could change in the final hour.
Pascal
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Higher prices seem to be attracting profit taking this morning.
Pascal
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Not much weakness today: neither on the 20DMF nor on the small caps.
Pascal
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I have a hard time to understand these markets gyrations.
I guess many traders are in the same position.
The most important is not to lose money.
Pascal
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Today's weakness is being bought.
Pascal
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Still no short signal for now.
Probability is about 50%.
Pascal
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A sudden drop in the 10Y points to a market reversal or at least a tentative reversal.
Pascal
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The QQQ is rather weak with selling on GOOGL, AMZN and MSFT, but AAPL looks to be under accumulation.
Anyway, the 20DMF is not negative here.
Pascal
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This bounce does not seem to be attracting much money for now
Pascal
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Still money moving in the equities markets today.
Pascal
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Yesterday, the 20DMF turned to cash from a long position because it crossed below the -0.11% level while the Cumulative Tick was above its average.
We can below that this morning, the 20DMF turned back toward the Buy level
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However, after the Trump Tweet on the Chinese trade issues, the market turned sought again, but this time, the Cumulative Ticks moved below its average line, triggering a short signal.
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This does not look good going forward: we are in the middle of the earnings season and the Fed is done lowering rates until probably end of the Year. The question now is what will support elevated equities prices?
Not good to see an intraday oversold bounce attracting sellers
Pascal
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Below is the list of today's long and short ideas.
We can see that except for the BOV, all the long ideas are higher than their highest entry point.
We can also see that 6 out of 7 short-a-bounce type of idea are higher than the entry price.
This indicates that the whole market is bouncing higher. It is not a good idea to enter new individual positions here.
Tomorrow will be a dull day because Monday is holiday.
Hence, no new trade for me today and tomorrow. Better wait for some new opportunities next week.
Note also below that NQ8 stocks are attracting heavy buying even after the gap up.
Pascal
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Market weakness is bought today.
Pascal
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Accumulation going in a straight line.
Machines working.
Pascal
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As soon as the machines stopped buying, the market fell.
Pascal
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Markets fell on the non confirmed news that there will be some restrictions to trading Chinese firms in US exchanges. This is of course a negative for the said Chinese firms, but in general, I believe that money will rotate out of the China related sectors... if this has not been done yet.
Health care stocks look interesting here... But algos first have to deal with the general liquidity withdrawal before positions can safely be rotated.
Pascal
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Higher prices are attracting money today. markets will continue higher.
Pascal
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No selling during the pullback
Pascal
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It does not look good when the market bounces without large players supporting the bounce.
Pascal
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This baby does not behave well today.
We'd need a heavy hand to buy this afternoon so that the S&P500 does not close negative for January.
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Are markets bouncing because of this?
[url]https://www.tellerreport.com/news/2020-02-18---seventy-year-old-malaria-medicine-works-against-coronavirus-induced-disease-.BJlPzFK78.html[/url]
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Pascal
We are now close to the short level.
Pascal
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After turning to oversold yesterday, the market continues being brutally down.
I am not courageous enough to buy here.
Pascal
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Some negativity still perceptible here: when the market pulls back, large players are eager to sell fast.
Pascal
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