Last night Reuters had another update on the TOPIC. I want to stress its relevance because the market had to change its tone from being quite pessimistic to overly optimistic pushing the Nasdaq and SP500 much higher than what my models were anticipating. Stocks prices are moving on certain news and the article below talks
The strong data today such as GDP, Durable Orders and Jobless Claims should have contained the indexes from large drops and it did not. The link below will show you the MTD of key indexes. SPX is doing much better than NDX. This can be just sector rotation rather than the initial days of a
March 3, 2020 12:36 am by randholm
KEY POINTS BEFORE THINKING TO THE LONG SIDE: I need to see trading above the 50% Fib (3120 on ES) to consider the long side VIX need to trade lower for a second day AAPL should hold current levels or trade higher SPX and NDX strength should be again similar. |NDX had been much stronger.
February 10, 2020 11:57 am by randholm
Here you can find the NQ Chart starting in Jun 2015 and some key notations. Last week we traded to All Time Highs after the news of the Liquidity Injection My question is: WHY DID THE MARKET NOT TRADE TO LAST YEAR TOP AFTER THE CORONA-VIRUS NEWS? Current price action suggest that investor are well