DOW JONES INDEX STOCKS ARE WEAKER THAN NDX AND SPX NDX STRONGER THAN SPX. FOR A LARGE MOVE DOWN, WE NEED TO SEE: A. USD GETTING STRONGER FROM CURRENT LEVELS B. GOLD CONTINUE TO MOVE HIGHER FROM CURRENT LEVELS C. SPX TO TAKE THE WEEKLY LOW FROM CURRENT LEVELS IF BEAR ARE NOT ABLE TO
We are still above 2923 which is the 61% Fib Level. The sellers took control today but as I mentioned in the morning, this can be considered a healthy pullback for longterm investors. I expect to have more downside pressure and I did not expect a -5% today. Some of you asked me why a
The US markets are having volatility this should last a few days. On the other hand, this is the first time that the Bulls will be tested since March 2020. My view is that most pullbacks will be bought by retail and institutions but I can’t know the percentage of the drop. I would say
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.
I would like to see days of balance at current levels, on the other hand, I do not expect to be trading inside of yesterday range today. Yesterday low and or 50% from the high are likely to be tested and we can see continuation in any of the sides. If we see continuation Lower
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.