🖼 Daily Technical Picture 📈
➤ Despite the retracement lower on Friday following the Thursday price surge, I am still looking for further upside. This holds true as long as the we don't have a daily close below the lows. As mentioned previously, I am expecting a re-test of the low, this may be that test or it is still to come in the near future. My medium-term outlook (for a few weeks) is also biased upwards.
➤ Clearly we are in a risk-off environment where performance of DJIA > S&P500 > NASDAQ. Therefore, I'm not expecting any long lasting bounce until there is evidence that NASDAQ is taking the lead. Riskier stocks should lead any substantial long-term rebound.
➤ I'm long with +40% exposure all in European indices. I would like to add US exposure but keeping risk low at this juncture is the right call IMO. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: Earnings should play a greater role this week and next as all the big names will be releasing results and providing future outlook.
➤ Despite the retracement lower on Friday following the Thursday price surge, I am still looking for further upside. This holds true as long as the we don't have a daily close below the lows. As mentioned previously, I am expecting a re-test of the low, this may be that test or it is still to come in the near future. My medium-term outlook (for a few weeks) is also biased upwards.
➤ Clearly we are in a risk-off environment where performance of DJIA > S&P500 > NASDAQ. Therefore, I'm not expecting any long lasting bounce until there is evidence that NASDAQ is taking the lead. Riskier stocks should lead any substantial long-term rebound.
➤ I'm long with +40% exposure all in European indices. I would like to add US exposure but keeping risk low at this juncture is the right call IMO. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: Earnings should play a greater role this week and next as all the big names will be releasing results and providing future outlook.
🏆 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
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
🏆 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
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。