The two day move in indexes was down . Which is leading to many severe bearish calls with many predicting end of the bounce and start of new leg down.
However underlying breadth trends as of now do not support that scenario.
If we start big breadth deterioration then it will be time to worry. At this stage it looks like a pullback after a very big bounce in a short period of time.
Many stocks from biotech still likely to work for swing trades.
However underlying breadth trends as of now do not support that scenario.
If we start big breadth deterioration then it will be time to worry. At this stage it looks like a pullback after a very big bounce in a short period of time.
Many stocks from biotech still likely to work for swing trades.
2 comments:
Sir, what do the chart colors represent? Is Green for a certain number above a total and red represent below a total? Then the biege and dark green? Confusing.
Numbers above 300 on daily are darker green or darker red, indicating above average buying or selling .
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