Monday 22 April
Good Afternoon,
Mondays post is out early today as I have commitments tomorrow but I will be available in the chat room as usual.
Some reasons to be bullish here as discussed in the weekend update. The Vix at 20 often marks the top except in times of crises or bear markets, notably the Vix hit 20 on Friday and closed the day sub 19. Despite stocks falling on Friday breadth was actually increasing as the day wore on. I am adding some long positions here as we are in the secondary demand zone and will add more if we reach the primary demand zone (see below).
CTA POSITIONING
There is no uptick in CTA positioning yet so If we do rally short term and we see this continue to decline then any rally is likely a dead cat bounce.
SEMICONDUCTOR SEASONALITY
As discussed here in March the seasonality stats for semiconductors in April are very poor. Over the last 10 years only 30% of the time have semis been bullish in April while May is statistically 90% bullish.
MEMBERS AREA
IWM FIBONACCI LEVELS
CAPITULATION EVENTS
MOST TRADED ZONES SPX/NASDAQ100/DOW/IWM
SPX LEVELS
ALTCOINS
MON/TUE GEX DATA