Today's US CPI seems to have sparked an explosion in equities with the NASDAQ up 6% at pixel : that said, moves have been underway for a few weeks that suggested sentiment was improving: bear markets are tricky to navigate and many moves this year have proven short-lived leaving dip buyers bag holding as yet another bull trap got sprung. Rallies like today will be hated, they should be and in bear markets they are often short-lived as they are often just the result of a lot of traders getting caught offside with sizable positions. Today may prove to be just another mad bear rip that gets sold to form a deeper dip but the data seems to be suggesting otherwise.
(Click on any of the plots to make full screen)
This time we may be on for a longer run : here's why
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AIM All-Share Makes a major Move AT Last!
Today's US CPI seems to have sparked an explosion in equities with the NASDAQ up 6% at pixel : that said, moves have been underway for a few weeks that suggested sentiment was improving: bear markets are tricky to navigate and many moves this year have proven short-lived leaving dip buyers bag holding as yet another bull trap got sprung. Rallies like today will be hated, they should be and in bear markets they are often short-lived as they are often just the result of a lot of traders getting caught offside with sizable positions. Today may prove to be just another mad bear rip that gets sold to form a deeper dip but the data seems to be suggesting otherwise.
(Click on any of the plots to make full screen)
This time we may be on for a longer run : here's why