- Sellers Exhaustion (too cheap to sell)
- Accumulation is still positive
- S&P is starting to show outperformance over high beta stocks that are found within the Nasdaq.
If you were watching any of the pundits on CNBC and the like, you probably heard about the "death cross", which is when the 50 MA and 200MA cross, or something like that. Total BS and no one worth their salt would trade this as a bearish move. In fact the best trade is to take longs and from today's action here are the reasons why:
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