DBD Strategy Daily - INDICES : BUY and SELL signals!
Signals arising from charts go in different directions. On the one hand, indices that have been weak for long periods are reaching new highs, confirming bullish trends. As an example the Russell 2000 broke out of a consolidation, or the Swedish OMX passed a major resistance. On the other hand, long-term leaders such as the Nasdaq 100 are in consolidations, and slowly weakening. European Banks -and especially Euro-zone -are on the edge today, this is their last chance for a bounce, and it is slim. Their only chance is that the bearish breakout will be a false signal. Those changes could be a healthy sector rotation -especially if the consensus was hesitant-, but it more often means that the market at large is weak. One faces the problem of missing on another rally, though its probability is lower than continuing the distribution period to finally drop.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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