US Tech 100 Index Cash forum


Today I have been seeing money flowing out of Mag 7 slightly.
Combined US indexes have neutral view but defensives are taking more capital inflow.
NQ was being sold before NY session but then recovered however these sharp recoveries in my assumption is more for finding exit liquidity at higher prices.
Currency futures are showing neutral stance but there's not much strength. These are correlated with the equities most of the times.
Increasing interest towards bonds. Not like a panic flow but more than last week.
XLU (utilities) and XLY (consumer discretionary) showing capital inflow. This is defensive.
Things shift quite often. However as the price action also advices caution my analysis confirms it.
I'm short on EUR/USD and Nasdaq 100 today. In the morning my stop got triggered for both near break even. And then took again short position at the tops in the afternoon.
Today after 1pm sellers became more dominant.