Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory.Monday will test the Mind of Panda and Koala and see how many will run road?
S&P500 below 200-dma. My stocks:warchest proportion now 55:45 thanks to dropping stocks, and I'm getting bullish. :PAAII sentiment is close to Covid low bearishness, and indicators like RSI, MACD, Stochastics, Bollinger bands rather short term oversold.CNN Fear & Greed index not that fearful though.I like to see (1) a bit more downside, (2) a bit more fear, and (3) a reversal of -ve ROC or +ve divergences before using some of my warchest.Huat harr!! :)
Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory.
ReplyDeleteMonday will test the Mind of Panda and Koala and see how many will run road?
S&P500 below 200-dma. My stocks:warchest proportion now 55:45 thanks to dropping stocks, and I'm getting bullish. :P
ReplyDeleteAAII sentiment is close to Covid low bearishness, and indicators like RSI, MACD, Stochastics, Bollinger bands rather short term oversold.
CNN Fear & Greed index not that fearful though.
I like to see (1) a bit more downside, (2) a bit more fear, and (3) a reversal of -ve ROC or +ve divergences before using some of my warchest.
Huat harr!! :)