It has been 74 trading days since the December 2018 bottom. The sheer amount of bullishness in the market is unrelenting, even the speculative asset Bitcoin rose over 30% in the last few weeks. It seems like the investors are rotating into any asset classes that have been left behind the rally.
The relentless market has surprised a lot of people on the upside. The December selloff was painful, the rise out of the low has been equally painful. It has caught a lot of professional speculators such as the hedge funds unprepared. Normally the market bases for a period of time around the low, seldom it […]
We blogged that the Fed top is here in our last post. However, the selling pressure was abated last week. The sellers were nowhere to be found. The indices closed positive last week to finish a great first quarter. With the muted price action from last week, is the market set up to launch to […]
On Wednesday March 20th,the Fed announced the most dovish monetary policy with clarity. The market participants cheered on Thursday that S&P 500 and Nasdaq both made new highs. Unfortunately, the worries of the global slowdown took control of the market on Friday, it completely reversed Thursday’s price action. You need to login to view the […]
When the Fed pivoted its easy money policy on January 4th earlier this year, the extremely oversold market responded with vengeance! The market participants have since pushed the market over the limit by triggering the fear of mission out motions. The selloff occurred during the first week of March was promptly
Over the last weekend, it had real good news on trade war. The market gaped higher right into the 2815 resistance zone at open on Monday, but it was promptly sold off from open. It had a footprint of synchronized selling (machine selling) during last Monday (03/04/2019) morning session, that S&P 500 lost 40 points […]
