Semis have long benefitted from low interest rates and a week dollar, this is a hedge on broad market strength and will be closed if the market comes back down.
Why would the market come back down? I'm not sure it will today, but this is what a momentum reversal looks like.
The wide candles are big upside momentum, fading into smaller candles, then we have a negative day, the next day a big gap up on the open with a close below the small star, "A Key Reversal Day".
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment