WEAK HANDS FLUSH, CORONAVIRUS BREAKTHROUGH AND LOVE FOR TRUMP ADDING FUEL TO THE FIRE $AAPL $AMD $AMZN $DIA $FB $GOOG $INTC $MSFT $QQQ $TSLA $WDC
After a brief pause, the bulls in the stock market are running again.
Adding a kick to their step: A flushing out of weak hands, a potential coronavirus breakthrough, Iowa political chaos and the love (by investors) of President Trump.
Let’s examine the issue with the help of a chart.
Chart
Please click here for an annotated chart of S&P 500 ETF SPY, which tracks the benchmark S&P 500 Index SPX.
Note the following:
• The VUD indicator is the most sensitive measure of net supply and demand in real time. On the chart, the VUD indicator is shown with orange when there is net selling and with green when there is net buying.… Please click here or the title below to read more.
February 5, 2020