Pascal, second day with this divergence. Been watching on RT. Do you think lighter than normal volume could be contributing to this?
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
Got it thanks! Since indices were moving up without those Faang stocks i surmised we'd see some price weakness later in day. Wow what a move.
Take care
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
The positive Money Flow divergence at the start of the day was a good indication for the rest of the day.
Pascal
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
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
Today's activity is still miserable in terms of Money Flow.
Pascal
Today's pullback is still attracting money for now.
Pascal
This bounce does not seem to be attracting much money for now
Pascal
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