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Price action: Looking back on previous Monday gap, it is clear it failed to hold up twice, based on auction theory, 3520 should be tested then will see the reaction from there.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
zh: In recent weeks we have read one report after another from JPM quants who make the false claim that hedge funds are barely invested in the market and have lots of dry powder…
We now hope to bring these lies to an end once and for all, for the simple reason that as of this moment [today], hedge funds have never been more long stocks.
Confirming this, Goldman's Hedge Fund VIP basket, which tracks the most popular hedge fund long positions, has outperformed the SPX by 20% points YTD (+32% vs. +12%). And while it still lags the Nasdaq 100, the basket is now on pace for its strongest annual excess return vs. the S&P 500 on record.
zh: there are no shorts left
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Nothing is perfect.
Here’s my take on the INTRADAY NYAD.
As long as NYAD is in the grey zone (bounded roughly between +/- 750), the market farts around (indecision, choppy, sideways, or what Cobra might call “consolidation”].
When it moves above/below that, the intraday is trying to attempt a trend.
If SPX moves up and the AD stays in the grey zone, the SPX up won’t hold (like 11/11). And conversely on the downside.
Moral of the story: It’s usually best to trade WITH the NYAD on your side.
[Alternative interpretations are welcomed]
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Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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IS THE MEDIA EVEN COVERING THIS PRESSER? FEW MINUTES AGO.
I have XLV and XPH on watch, which is the reason I’m asking. [Is he reducing drug prices or not; XPH]
Donald Trump has accused Pfizer and Moderna of working to stop his re-election by delaying their vaccines.
“Big Pharma ran millions of dollars of negative advertisements against me during the campaign...” said Mr Trump.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.