This was Never Seen Before in Stocks
Much was written about this week's equity selloff, being the biggest drop since Sep 2011 etc. But two additional pieces of analysis we uncovered is that this week's 3.6% decline in the S&P500 single-handedly erased all of the prior 3 weeks' BACK-to-BACK GAINS. The last time this had happened was the week after the October 2007 record. Guess what stocks did after that... A more dangerous finding is that this week's S&P5 500 decline took place after SEVEN weekly consecutive gains, which was NEVER seen before in the index. I will post in Monday's Premium Insights new trades to exploit these developments.
Jun 22, 2023 16:46 | by Ashraf LaidiI mentioned last week on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail.
Mar 17, 2023 21:28 | by Ashraf Laidi.
Jan 11, 2023 10:57 | by Ashraf LaidiIf the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...