Tag Archives: Capitulation

Many traders and investors speculated about a potential market bottom or at least a meaningful rally could be around the corner as S&P 500 rallied from the oversold condition below 3900 to almost 4100 just within 4 days. The rally was expected to be short-lived as explained in the video at the bottom of the post using multiple scenarios focusing on the characteristics of the price action in order to differentiate a bull trap from a market bottom. This was further supported by the bearish… Source link

(Bloomberg) — Money is leaving every asset class and the exodus is deepening as investors rush out of names like Apple Inc., according to Bank of America Corp. strategists. Most Read from Bloomberg Equities, bonds, cash and gold all saw outflows in the week ended May 11, strategists led by Michael Hartnett wrote in a note, citing EPFR Global data. At $1.1 billion, technology stocks suffered their biggest withdrawals so far this year, second only to financials, which lost $2.6 billion. “The… Source link

Reuters Bitcoin struggles for footing on worries over China, leverage Bitcoin, the biggest and most popular cryptocurrency, rose slightly to $38,072 after plunging 14% on Wednesday to its lowest since late January. Wednesday’s declines in both digital assets were their biggest daily percentage moves in more than a year as investors rushed to exit trades that until recently were heartily outperforming traditional markets such as stocks and bonds. But bitcoin had been under pressure for almost… Source link