🖼 Daily Technical Picture 📈
➤ The inflation number was as expected but managed to inflate equity prices higher. The small cap Russell 2000 leading the charge. This is a big change when the blue-chips were leading throughout last year. Tech is making up good ground as well.
➤ VIX collapsed below 20. Sending a strong signal to "fear" no more. Perhaps that is correct. Looking at the S&P500 chart, there is little resistance all the way up to 410. It is currently battling the 200 day moving average. For many investors, a clear break above this MA is a strong Bullish signal.
➤ I remain long with a small position.
➤ Conclusion: Watch the VIX, it is in the pink zone where Bears have instilled fear in recent times.
➤ The inflation number was as expected but managed to inflate equity prices higher. The small cap Russell 2000 leading the charge. This is a big change when the blue-chips were leading throughout last year. Tech is making up good ground as well.
➤ VIX collapsed below 20. Sending a strong signal to "fear" no more. Perhaps that is correct. Looking at the S&P500 chart, there is little resistance all the way up to 410. It is currently battling the 200 day moving average. For many investors, a clear break above this MA is a strong Bullish signal.
➤ I remain long with a small position.
➤ Conclusion: Watch the VIX, it is in the pink zone where Bears have instilled fear in recent times.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.