48 replies to this topic

[redfoliage2]

Just another profit taking day in a bullish season - pre-earnings and EOQ fund reporting ..........................

Edited by redfoliage2, 25 March 2022 - 10:43 AM.

[redfoliage2]

BofA Bull and Bear Indicator signaling an IT buy 

 

https://www.bloomber...gnal-for-stocks

Edited by redfoliage2, 25 March 2022 - 12:12 PM.

[redfoliage2]

I'd expect a ST pullback soon as the upside momentum is waning.............................

Edited by redfoliage2, 28 March 2022 - 09:22 AM.

[redfoliage2]

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.

[redfoliage2]

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.

[redfoliage2]

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.

[redfoliage2]

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.

[redfoliage2]

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.

[redfoliage2]

Updates here:

 

https://www.traders-...aff-says/page-2