Similar bearish pattern as what we had on March 1rst.
Pascal
Similar bearish pattern as what we had on March 1rst.
Pascal
I did not expect to see this type of selling today. We can also note that the price bounce does not seem to be attracting money.
My guess: inflation/rate hike fears next week.
Pascal
The 20DMF and the NQ8 still feel heavy today, but it is Friday and algos might have been disconnected waiting for Monday and hoping that no trade war issues will emerge over the weekend.
Pascal
Today is a non directional consolidation day
Pascal
No sign - yet - that Santa Claus is preparing some present from China.
We should expect some trial rumor anytime though.
Pascal
Not much weakness today: neither on the 20DMF nor on the small caps.
Pascal
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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