This is not a Bullish market

24 mai 2021

Many of my followers ask about the right time to open long (buy) positions. In the past 3 months, I always tell them to wait, this is not a good time! Some of them get nervous as soon as they see one or two green days in markets. But Being patient was, is, and will be the key to success in any market!

I believe these days the highest level of price manipulation is present in the market! On the other hand, the bigger the market cap of the company is, it would be harder to manipulate the price of that company!
Let's evaluate the Apple trading value at the same price level post stock split!
Today's average trading value of 7.998 Billion US dollars is the third-lowest trading value in the past 181 trading days! (264 calendar days)
The 5 days average trading value is also ranked third lowest for the same period.
Follow the money, I believe the stock market is more fragile than ever. I may sound ridiculous when all the major indexes are green.
Having said that, it would be good for you to know 4127 out of 5432 traded stocks (76%), today traded at lower relative volumes in the past 2 weeks.
What is Relative Volume?
Relative Volume (oftentimes called RVOL) is an indicator that tells traders how current trading volume is compared to past trading volume over a given period.
It is kind of like a radar for how “in-play” a stock is.
The higher the relative volume is the more in play it is because more traders are watching and trading it.
As traders, this is what we want.

Moshkelgosha

24 mai 2021

Note

Same scenario for Tesla which is the most traded stock in terms of daily trading value!