Divergence in the equities market
Author: Varun Kanotra
Website: http://www.expertfuturestrading.com
Posted: August 31st, 2009 at 2:22 pm EST
The S&P 500 e-mini index is showing a powerful divergence pattern which could prove to be substantial once traders return to the floor next week. With China’s Shanghai index selling off hard, it could act as a trigger for a massive sell-off in the US markets soon.
For more information, visit my blog at http://www.expertfuturestrading.com where [...]
Get out of your longs!
Author: Varun Kanotra
Website: http://www.expertfuturestrading.com
Posted: August 28th, 2009 at 11:57 am EST
If you are long anything (i.e. bullish), you need to get out of those positions now!. The market has had 9 straight days of up moves. There is too much complacency and too many players in the bullish court.
On technical terms, take a look at the VIX chart below. The Bollinger Bands are so tightly [...]
