Sentences with phrase «bearish distribution days»
The combination of a high number of bearish distribution days and sudden weakness in leadership stocks has forced our proprietary timing model out of its two - month old «Buy» mode as of the November 6 close (details of the newly updated trading signal are restricted to actual Wagner Daily subscribers).
http://www.morpheustrading.com/
On November 6, the NASDAQ Composite declined on higher volume, causing the index to suffer another bearish distribution day.
Not exact matches
We went from what was shaping up to be a bearish «distribution day» (higher volume decline), to an «accumulation day» (higher volume advance) by the close.
The high count of distribution days is bearish, but does not trigger a «Sell» signal in and of itself.
In our last blog post, Benefits of a rules - based trading system, we said the following: «On May 1 (Tuesday), the combination of heavy volume selling in the Nasdaq, bearish «stalling action» in the S&P 500, and a «distribution day» (higher volume selling) the prior day forced us to cut long exposure in our model swing trading portfolio from approximately 38 % down to 17 % by the following day's open (May 2).
Specifically, we need to see convincing breakouts of fresh leadership stocks, while the major indices need to avoid printing a bearish «distribution day» (higher volume loss) over the next five days.
The higher volume losses caused both the S&P and Nasdaq to register a bearish «distribution day» that was indicative of selling amongst banks, mutual funds, hedge funds, and other institutions.
Volatility is to be expected, but we approach the market with a level head and objectivity, seeing the proper positional entries and exits will much easier to spot.Summary: Strong, bearish news hit the crypto community this week as China announced harsh regulations on the BTC to fiat transactions on exchanges.Currently BTC is seeing a strong rally off the $ 3000 levels but is showing signs of waning strength in the upward direction.A possible macro distribution pattern is unfolding and new lows could be in store for bitcoin over the next few days and weeks.