AAPL reversed from its overnight highs on strong selling. The market weakness is not helping.
There was a tentative bounce but this type of bounce cannot work if the Money Flow stays negative.
So no long trade today.
Pascal
AAPL reversed from its overnight highs on strong selling. The market weakness is not helping.
There was a tentative bounce but this type of bounce cannot work if the Money Flow stays negative.
So no long trade today.
Pascal
The 20DMF only shows a slight accumulation today: higher prices do not attracts renewed selling. This points to to possible continuation of the bounce.
Pascal
I had been expecting some sort of shakeout before a reversal, but the market has been flat since the open. Hence, difficult to take a strong position here either with or against the trend as there is NO trend.
Is the market waiting for some announcement from China? Is no-news good-news or possibly bad news in the waiting?
Pascal
Buyers on strike today.
Pascal
Pascal, second day with this divergence. Been watching on RT. Do you think lighter than normal volume could be contributing to this?
As I explain in today's comment, this was probably only due to morning weakness in FB/AMZN/GOOGL.Originally Posted by flywest
I shorted the S&P500 when I posted this message but covered the short when the 20DMF Reversed higher. This buying of morning weakness reinforces the bullish case of stocks, especially non NQ8 large stocks.
Pascal
Market is probably setting up for an afternoon bounce.
Pascal
No weakness today: the money flow is positive everywhere.
Pascal
Some accumulation today. This could be due to options expiration though.
Planning to increase the long position here
Pascal
Nothing good to see here for now.
Pascal
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