💤 No Hibernation...11th October 2022
🖼 Daily Technical Picture 📈
...for the Bears as equity prices continue to fall in an orderly manner. The NASDAQ closing on a fresh new low, S&P500 not far behind. That being said, we did see prices reverse aggressively when the S&P500 made a new daily closing low on 30th Sep, so there's that possibility once again.
➤ Across in Europe, the indices couldn't hold large gains after gapping down lower. I added a small short position in STOXX50 as prices may play catch-up and go back to test the yearly low.
➤ I increased my short exposure to -80%. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: Prices look to continue their march lower. The worrying sign is that it is very orderly and shows no capitulation. That's when a more permanent bottom is usually found.
...for the Bears as equity prices continue to fall in an orderly manner. The NASDAQ closing on a fresh new low, S&P500 not far behind. That being said, we did see prices reverse aggressively when the S&P500 made a new daily closing low on 30th Sep, so there's that possibility once again.
➤ Across in Europe, the indices couldn't hold large gains after gapping down lower. I added a small short position in STOXX50 as prices may play catch-up and go back to test the yearly low.
➤ I increased my short exposure to -80%. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: Prices look to continue their march lower. The worrying sign is that it is very orderly and shows no capitulation. That's when a more permanent bottom is usually found.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.