Friday, Feb 12th
* We've continued to run across a conduct chances off trade, amongst higher fixed income prices, higher gold, as well as stocks testing their Jan lows. Interestingly, breadth has continued to concur upward relatively well. For example, nosotros saw 1226 fresh three-month lows across all exchanges yesterday versus 1353 on Mon as well as 2663 at the Jan bottom. That beingness said, nosotros cash inwards one's chips along to run across weakness amidst fiscal shares as well as that is concerning. There is much to a greater extent than media chatter regarding the possibilities of recession. I am watching those breadth figures closely.
* We're short-term oversold, amongst fewer than 20% of SPX shares trading higher upward their 3, 5, as well as 10-day moving averages. With overnight as well as retail sales strength, we're seeing unopen to firmness inwards stocks ahead of the open. Nonetheless, 1 of my primal wheel gauges is non all the same inwards territory that has characterized recent intermediate-term bottoms.
Wednesday, Feb 10th
* It is truly relatively slowly to alter our behavior; relatively hard to sustain those changes. Here's what nosotros tin create nigh that.
* We've seen several efforts for U.S.A. stocks to brand novel lows, exclusively to bounce higher. That was notable yesterday, every bit stocks held their lows fifty-fifty inwards the human face upward of the fossil oil selloff. We're seeing fresh buying during London hours earlier today's U.S.A. opened upward as well as I'm looking to purchase dips that concur higher upward the London lows.
* Breadth numbers during the recent weakness convey likewise held upward relatively well. On Jan 20th, nosotros had 2663 stocks across all exchanges brand fresh three-month lows. On Monday, that disclose was 1353 as well as yesterday it was 1086. Interestingly, spell banking shares convey been relatively weak, the commodity-related unloosen energy as well as raw materials shares (XLE, XLB) convey held upward relatively well.
* In unopen to ways, this marketplace set reject reminds me of the May, 2010 episode that followed the flash crash. Stocks didn't brand a cost bottom until August, but at that topographic point were enough of bounces as well as breadth divergences along the way. Selling weakness as well as buying forcefulness did non operate inwards that environment.
* I've developed a short-term trading organization using a trend-following method amongst event-based bars. Still early on days, but it's looking promising. The organization went long ES overnight at 1851.75; it exits at a closing bar below1844.50. The purchase as well as sell points motion amongst the marketplace set as well as naturally conform to the market's volatility. I volition endure testing out as well as updating via the blog.
* We've continued to run across a conduct chances off trade, amongst higher fixed income prices, higher gold, as well as stocks testing their Jan lows. Interestingly, breadth has continued to concur upward relatively well. For example, nosotros saw 1226 fresh three-month lows across all exchanges yesterday versus 1353 on Mon as well as 2663 at the Jan bottom. That beingness said, nosotros cash inwards one's chips along to run across weakness amidst fiscal shares as well as that is concerning. There is much to a greater extent than media chatter regarding the possibilities of recession. I am watching those breadth figures closely.
* We're short-term oversold, amongst fewer than 20% of SPX shares trading higher upward their 3, 5, as well as 10-day moving averages. With overnight as well as retail sales strength, we're seeing unopen to firmness inwards stocks ahead of the open. Nonetheless, 1 of my primal wheel gauges is non all the same inwards territory that has characterized recent intermediate-term bottoms.
Wednesday, Feb 10th
* It is truly relatively slowly to alter our behavior; relatively hard to sustain those changes. Here's what nosotros tin create nigh that.
* We've seen several efforts for U.S.A. stocks to brand novel lows, exclusively to bounce higher. That was notable yesterday, every bit stocks held their lows fifty-fifty inwards the human face upward of the fossil oil selloff. We're seeing fresh buying during London hours earlier today's U.S.A. opened upward as well as I'm looking to purchase dips that concur higher upward the London lows.
* Breadth numbers during the recent weakness convey likewise held upward relatively well. On Jan 20th, nosotros had 2663 stocks across all exchanges brand fresh three-month lows. On Monday, that disclose was 1353 as well as yesterday it was 1086. Interestingly, spell banking shares convey been relatively weak, the commodity-related unloosen energy as well as raw materials shares (XLE, XLB) convey held upward relatively well.
* In unopen to ways, this marketplace set reject reminds me of the May, 2010 episode that followed the flash crash. Stocks didn't brand a cost bottom until August, but at that topographic point were enough of bounces as well as breadth divergences along the way. Selling weakness as well as buying forcefulness did non operate inwards that environment.
* I've developed a short-term trading organization using a trend-following method amongst event-based bars. Still early on days, but it's looking promising. The organization went long ES overnight at 1851.75; it exits at a closing bar below1844.50. The purchase as well as sell points motion amongst the marketplace set as well as naturally conform to the market's volatility. I volition endure testing out as well as updating via the blog.
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