Today we had a rejection day. For me it means that Bears hand more power than Bulls after a strong negative day. This is information that I will carry forward. In days like this, I always review these charts to gain a bit of perspective. The difference between yesterday and today compared to last Thursday
The chart shows weakness and bears took control after the OIL data. On the other hand the VIX trader lower. Reuters: The S&P 500 ended flat on Wednesday, cutting its gains late in the session as commodity-related shares fell, while comments by Federal Reserve Chair Janet Yellen offered a mixed view on the rate outlook.
The ticks from the market internals were not able to print 750 today. Once stocks and indexes are under distribution, professional money will seek any excuse to reduce exposure. Smart retail traders learn to use their edge which is the ability to move swiftly to cash and trade only select intraday trades while the
The market is printing -2% on good employment number from the USA and the VIX is only 8% up. Is there something that Volatility is not considering? Market’s Reaction To The Employment Data The market’s reaction to the employment data is bearish. The employment data shows that the economy is strong. The negative knee jerk