Bears be careful of sudden market shift# Stock
N*p
1 楼
Market shift can happen any time.
Bears gained power on Sep 30, when a very solid company THRM dropped > 10%
at open just because Ford underperformed its peers like GM.
Then bears got overly confident when they bashed semiconductor simply
because MCHP was lagging behind its peers.
Today SWKS gapped up on strong guidance revision.A very bearish island top
formation has suddenly become island bottom (bear trap).
Bears need to be watchful.Bulls may regain the upper hand during the
upcoming earnings season.
But bulls need to wait for some confirmation to re-enter. Watch for $SPX
closing back above 50-day.
Bears gained power on Sep 30, when a very solid company THRM dropped > 10%
at open just because Ford underperformed its peers like GM.
Then bears got overly confident when they bashed semiconductor simply
because MCHP was lagging behind its peers.
Today SWKS gapped up on strong guidance revision.A very bearish island top
formation has suddenly become island bottom (bear trap).
Bears need to be watchful.Bulls may regain the upper hand during the
upcoming earnings season.
But bulls need to wait for some confirmation to re-enter. Watch for $SPX
closing back above 50-day.