Extreme fragility
|Bearish Sunday open gap, premarket recovery, spike turning into a trap, and meek premarket recovery that has been three times already rejected well below the key 6,885 (tall order as already the low 6,870s area would start offering resistance). Jittery markets, not just thanks to tariffs or Iran (not perceived as most acute, yesterday premarket did prove), but as NVDA earnings with the almost always high(tened) expectations comes increasingly into the picture, stocks have a lot of volatility to look for.
Alongside saying that 2y yield is steadily retreating (VIX though relatively calm), the dollar managed to quite well erase its Sunday open weakness, and that says enough about markets starting to / getting positioned for risk-off temperature rising.
I‘m releasing today‘s Trading / Stock Signals chart – one of the stock market sections ones – as preview.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.