The morning breakout was bought but this move is fading fast now.
Let's hope that the Fed comes to the rescue at the end of the day
Pascal
The morning breakout was bought but this move is fading fast now.
Let's hope that the Fed comes to the rescue at the end of the day
Pascal
Market still weak today: after opening low, the bounce attracted wide spread sellers as can be seen on the Cumulative Tick.
Neither was the most recent SPY bounce supported by the 20DMF.
This points to more weakness
Pascal
I believe that in the future we will see many more similar patterns: a dead sector being bought in a straight linear way.
Pascal
I was expecting weakness today, but to the contrary, money is coming in.
So wait and see.
Pascal
I feel somewhat uneasy to see some almost linear accumulative Money Flow. It is as if a money printing machine was directly attached to the market.
This is certainly not the type of pattern that retail investors will generate.
It is a pattern that is generated by funny money that is closely followed by index investors (ETFs) and large funds. Nothing scientific or linked to value here.
Pascal
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