💤 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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
🏆 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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.