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Who could have imagined that the gap down due to the NFLX subscribers weakness would have been bought. It could be that NFLX results have no consequence for FB, AMZN, AAPL, MSFT, NVDA...
Pascal
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No weakness today: the money flow is positive everywhere.
Pascal
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Market is probably setting up for an afternoon bounce.
Pascal
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Interesting activity today: buyers came in at 10:30 on the NQ8 sector (AMZN, FB and some other stocks.) This pushed the S&P500 higher, but the 20DMF clearly shows that there is underlying weakness.
Pascal
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Today, the NQ8 is weaker than the NQ100 in terms of Money Flow. This is due to AAPL.
It is something important to note looking forward.
Pascal
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To know whether the bounce has legs, one clue is to see if it attracts money.
Better do that in the afternoon though as this is when the funny money used to appear.
Pascal
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No need to rush to buy weakness here: the Money Flow is still negative and the etch side of the market is taking a hit, especially the semiconductors.
Pascal
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Today is a non directional consolidation day
Pascal
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Market is weak today, especially the small caps. No sign of a reversal, even though the NQ8 Money Flow is still above 0.
Pascal
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The gap up does not seem to attract buyers. I guess that not many traders want to be long/exposed over the week end.
Pascal
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