Just another profit taking day in a bullish season - pre-earnings and EOQ fund reporting ..........................
Edited by redfoliage2, 25 March 2022 - 10:43 AM.
Posted 25 March 2022 - 10:40 AM
Just another profit taking day in a bullish season - pre-earnings and EOQ fund reporting ..........................
Edited by redfoliage2, 25 March 2022 - 10:43 AM.
Posted 25 March 2022 - 12:11 PM
BofA Bull and Bear Indicator signaling an IT buy
https://www.bloomber...gnal-for-stocks
Edited by redfoliage2, 25 March 2022 - 12:12 PM.
Posted 28 March 2022 - 09:21 AM
I'd expect a ST pullback soon as the upside momentum is waning.............................
Edited by redfoliage2, 28 March 2022 - 09:22 AM.
Posted 29 March 2022 - 12:44 PM
A ST pullback was not materialized as the market participants went on speculating on the Russia-Ukraine new round of the talks in Turkey. Let's see what will be out from the talk in the next 24 - 48 hours. Big Techs are leading the rally ..........................
Edited by redfoliage2, 29 March 2022 - 12:53 PM.
Posted 30 March 2022 - 01:46 PM
The rally is losing momentum and close to a top. My system has switched into selling bounces from here .......................
Edited by redfoliage2, 30 March 2022 - 01:46 PM.
Posted 30 March 2022 - 02:03 PM
BTW, no meaningful agreement reached from the highly anticipated R-U cease-fire talks. I see this war going to last for a long time with even higher crude prices, that is likely to drag the world's economy into a recession later in the year ................
Edited by redfoliage2, 30 March 2022 - 02:11 PM.
Posted 04 April 2022 - 07:55 AM
Yes, it looks more likely just a bear market rally:
https://www.investin...r-432SI-2797465
Edited by redfoliage2, 04 April 2022 - 07:56 AM.
Posted 05 April 2022 - 10:06 AM
At this juncture bounces will be sold. I expect the March lows will be revisited in the 2nd quarter.
Edited by redfoliage2, 05 April 2022 - 10:11 AM.