mrstockyetoro

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equity markets leapt higher towards the 4200 resistance zone. The upward acceleration is decelerating as seen by the size of the candle/bars since the progression from the higher low. This is either because of less buyers or more incoming sellers. The VIX also increased by a small amount. ➤ These are subtle hints of change in...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equity markets continued to bounce and bounce hard from the support level. It is looking very orderly, VIX is dipping in concert. It is seeking to re-test the 4200 level once again. ➤ It is unclear to me if prices will take a detour prior to the re-test in terms of a short-term reversal or the Bears are happy to wait to apply...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ I like my lamb chops, pork chops...but I'm not so sure I liked the wild equity chop we experienced today. The volatile gyrations followed the news flow, it was some rollercoaster ride. The DAX probably best exemplified this with its manic 2% price swings. ➤ Despite all the yo-yo action, the S&P500 is holding above the support level...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ I guess we could say today's price action was a bounce that we had to have...just a little later than I thought. We are still in the chop zone so these bounces may not last long. The mid-May 2022 action can act as a guide. ➤ I sold my US Index positions as I held it for a bit longer than I would like. They may indeed keep moving up...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Since my last update almost one week ago, prices have continued to move lower (and against me). The thrust down have decelerated as prices entered the tentative support zone mentioned previously. VIX has remained range bound as a result. ➤ I still hold the opinion that prices will chop up and down around these levels. We may see...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Prices continued to slide after strong pre-market gains. Gains turned to losses as consumer and employment data remain strong despite efforts by the Fed to weaken demand to fight inflation. ➤ The sell-off is nearing some support levels. Although these levels don't look particularly convincing. Prices have sliced through easily at...

mrstockyetoro

➤ Prices filled the gap from Friday's close and failed to make any upward progress. VIX is someway below where it should be if there were any panic selling. I refer to the 30 level or greater as the panic zone. Indeed in the past few months prices have move to that zone prior to any rebound. ➤ Today was a pause on proceedings. We could see a rally to the...

mrstockyetoro

29th August 2022 ➤ Prices resolved in a catastrophic failure for the Bulls. The expected re-test higher ended abruptly. The huge sell-off comes after Fed voweled to fight inflation and crush it back to 2%. IMO, this can only mean they see inflation is "sticky" and has already seeped into the psyche of market participants. If not addressed, this will set in a...

mrstockyetoro

➤ Prices are moving along with the playbook so far. The gap resulting from the previous drop is like a magnet and is in the process of being filled. ➤ I remain 100% in cash waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of highest conviction. ➤...

mrstockyetoro

➤ Small rebound as expected. Prices likely to remain around current levels for a short while. ➤ I remain 100% in cash waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of highest conviction. ➤ Still expecting the market will have sufficient...

mrstockyetoro

➤ Equities decided to pause for the time being before the next BIG move. ➤ I remain 100% in cash waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of highest conviction. ➤ I've harped on this a few times, but the March experience is back on my...

mrstockyetoro

➤ S&P500 sold-off again in more dramatic style. Even the VIX responded in kind. Dropped below support level with ease. ➤ I have closed my short positions and currently parked 100% in cash. I am waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of...

mrstockyetoro

➤ S&P500 sold-off on Friday. This can be attributed to poor data out of Europe and also profit-taking prior to weekend (about time!) ➤ My exposure remains at -50%. That means we are short the market using half of our capital. This is low-moderate conviction. The maximum is +/- 200%, the level of highest conviction. ➤ Friday price action saved our shorts from...

mrstockyetoro

➤ S&P500 holding near the upper pink resistance zone in a tight range. This is looking like the calm before a storm. A storming Bull that is. ➤ My exposure remains at -50%. That means we are short the market using half of our capital. This is low-moderate conviction. The maximum is +/- 200%, the level of highest conviction. ➤ My short positions in S&P500, DJIA...

mrstockyetoro

Testing 1,2 18th August 2022 ➤ This was the 2nd day in succession where S&P500 tried to overcome the upper pink zone. The resistance is holding. Maybe it's the thin air at these heights. We probably need to see a pause for breath at least, at worst, it's taking the first steps back down to base camp. 💨 ➤ My exposure moved to -50% as shown in the chart. That...

mrstockyetoro

➤ No real change, S&P500 has moved higher in the upper pink zone. It tried but settled below the daily highs. It's so close to overcoming the zone. ➤ My exposure remains at 0% as shown in the chart. I have no position nor bias to where prices will move next. I shall wait on the sidelines and re-enter on the next entry signal. ➤ Conclusion: Same as yesterday and...

mrstockyetoro

S&P500 has moved to the upper pink zone. Will it show the strength to move beyond this region and head for an ATH? The broad pink zone is an area of support and resistance where prices have previously moved indecisively i.e. lack of clear direction/whipsaw. This could be the last chance for Bears to stop the Bulls from re-claiming a new ATH!

mrstockyetoro

Breakdown in price with corresponding higher volatility. Good chance of trending market to the downside.