The stock market is tracing an important reversal pattern that you should watch

They’re now worried after frenzied stock buying by the momo crowd, who essentially ignored the deadly virus. In the U.S., cases are increasing in many states.

• The chart shows an Arora sentiment indicator was giving sell signals throughout the formation of the island. Sentiment at extremes is a contrary indicator. In plain English, when sentiment becomes extremely positive, it is a sell signal. It is important to note that some publicly available indicators work well, while others do not. In general, we have found that publicly available sentiment indicators do not work well, hence the need for proprietary indicators.

• The chart shows that the volume was very high on the day when the gap was formed on the right side of the chart. This adds to negative potency of the pattern. • In a pane below the volume, the chart shows the S&P 500 ETF SPY, +0.07%, which tracks the benchmark S&P 500 Index. The pattern in the S&P 500 is the same as in the Dow Jones Industrial Average. It is important for investors to confirm the pattern by looking at different indices.

• The chart shows Carnival CCL, -2.67% is tracing a pattern that is less ominous. A similar pattern is being shown by Royal Caribbean RCL, -0.58% and Norwegian Cruise Line NCLH, -2.19%.

Call it the Trump bull market signal

But Nigam is pretty much a permabear

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

5 things to know before the stock market opens MondayDow futures fell sharply Monday on concerns about spikes in coronavirus cases as states continue to reopen their economies. Forget 5 points it's just down to brass tacs bottoms out Try to time the asset bubble burst, getting out, and into gold, right before it happens. That’s the only trick here. Good luck. It won’t be easy, the system is a gyrating chaos of manipulation, with no telling when the first main pipe gives way.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Stock market live updates: Stocks off lows, Dow was down 700 points, tech leads comeback“I think this will be a gradual recovery,” Blackstone’s Byron Wien says. “I think earnings will come back. But I think it'll be 2022 before we’re back to 2019 levels.” FAKE , BULLISH , SEE NOW SHARES The japanification of our economy.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Stock market live updates: Pullback continues, Dow futures crater 2%, second wave?A conversation about market moving news. Typo, it’s not a question. Try and exclamation mark !!😉 Crater 2% ? Really! Decline, soften perhaps …. Fake news , there is no second wave , the scare campaigns from media .please stop manipulate the market .
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »