Market: Dead Cat Bounce

Posted: April 9, 2014 in Uncategorized

Yesterday in the US everything bounced off the SMA (Simple Moving Average) 50, just slightly. As it was almost in oversold, it does mean nothing …well it is more a preparation for the worse.

Looking around a lot of data are inconclusive (Nasdaq rebounded, but failed the retaking of the SMA 100.

But two “forecast” Insto data are signalling pretty bad stuff. There is a collapse of the carry trade USD/Yen and Credit did not bounce at all.

All energy and gold spiked up under the Ukrainian influence

 

 

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