Yesterday’s strong selling was a major reversal signal in investor sentiment. Although the indexes opened higher Today, it had to be viewed with skepticism as merely a bounce after yesterday’s hard selling. Add short positions to the portfolio, a downtrend is likely to be in progress until there is an observable bullish reversal signal.
CGIX should not be bought.
CAN can be shorted on Today’s weakness with the first target filling the gap.
FUBO can be shorted on Today’s weakness.
CRUS can be shorted with the anticipation of wave three moving prices down to the $70 level.
The magnitude of yesterday’s selling illustrated the major change of investor sentiment, this is what candlestick analysis indicates. Have the portfolio oriented toward the short side until there are buy signals and a close back up above the T line in the indexes. Mark your calendars, March 6 will be a mini training on “power trades”, utilizing convergence analysis to dramatically improve the probabilities of being in a correct trade.
February 26th Daily Market Comments
Morning Member Comments
Yesterday’s strong selling was a major reversal signal in investor sentiment. Although the indexes opened higher Today, it had to be viewed with skepticism as merely a bounce after yesterday’s hard selling. Add short positions to the portfolio, a downtrend is likely to be in progress until there is an observable bullish reversal signal.
CGIX should not be bought.
CAN can be shorted on Today’s weakness with the first target filling the gap.
FUBO can be shorted on Today’s weakness.
CRUS can be shorted with the anticipation of wave three moving prices down to the $70 level.
The magnitude of yesterday’s selling illustrated the major change of investor sentiment, this is what candlestick analysis indicates. Have the portfolio oriented toward the short side until there are buy signals and a close back up above the T line in the indexes. Mark your calendars, March 6 will be a mini training on “power trades”, utilizing convergence analysis to dramatically improve the probabilities of being in a correct trade.