maccabean

Trade of the day #3. Equity markets running out of steam

Short
FX:NAS100   US 100 Cash CFD
The way I see it, is that equity markets, specifically the Nasdaq, are steaming up the hill, though momentum is declining fast. In fact, the momentum indicator plus Commodity Channel Index show clear divergence. I predict that it will hit the all time high, perhaps even go a little beyond that, but as the net flow of funds are moved from equities to interest bearing investments start to increase, we should see a correction.

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