Sentences with phrase «term bearish bias»

Not exact matches

Two of the ETFs have a strong bearish bias while one has a long - term historical tendency to rally, although in recent years it has been slammed lower.

That said, we maintain our bearish short - term bias, based on technicals and the global divergences between equity markets.

I am maintaining my oil view and short term bias at cautiously bearish as the current fundamentals remain bearish and the market seems to be breaking down from a technical perspective.

Further, the 5 - day moving average (MA) and the 10 - day MA bearish crossover indicates the short - term bias is bearish.

- The chart of US treasuries ETF, TLT, is likewise showing oversold conditions on the RSI and could bounce short term despite the bearish bias now warranted by the downside break of the 200 day moving average.

We remain bearish biased on this market and will continue watching for price action sell signals from resistance to rejoin the downtrend as we can see the longer - term downtrend is still clearly in effect and key support isn't seen until down near 1.2040 area.

Due to the strength of this long - term resistance, we are taking a bearish bias whilst price is contained near that area.

With the bullish impulse wave still intact, this market is still has a short - term bullish bias which reduces the weight of bearish formations like a pin bar, or lower high until the impulse is negated.