• 393 days Will The ECB Continue To Hike Rates?
  • 394 days Forbes: Aramco Remains Largest Company In The Middle East
  • 395 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 795 days Could Crypto Overtake Traditional Investment?
  • 800 days Americans Still Quitting Jobs At Record Pace
  • 802 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 805 days Is The Dollar Too Strong?
  • 805 days Big Tech Disappoints Investors on Earnings Calls
  • 806 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 808 days China Is Quietly Trying To Distance Itself From Russia
  • 808 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 812 days Crypto Investors Won Big In 2021
  • 812 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 813 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 815 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 816 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 819 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 820 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 820 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 822 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

The Top Could Be in Place

With a Sigma Trend Indicator (STI) above 50 (56 in fact), there is a high level of probability that the top is in or very close.

In this context, we see no reason for closing our short position now.

Sigma Trend Indicator

But our summation 21 index remains in buy territory, and there is no sign of reversal for the time being.

As we already wrote few weeks ago, the most extreme moves are done in overbought (or oversold) territory.

Summation 21

So, we will cut the position we opened on Friday if the sp500 is able to move above 1350 (the position we sold on Friday at 1338). In this case, we will wait for a reversal day or a clear signal from one of our indicator in order to short again the market.

Have a nice week-end,

 

Back to homepage

Leave a comment

Leave a comment