RSI looks terribly consistent with no confirmed supports... just a bubble going up and down without any form or structure.
CMF is negative and in black.
Stochastic is armed for Knock Out.
- this bank holds major mortgages of rich ppl
- rich houses are going DOWN across multiple continents as we speak. Why ? their owners have no more liquidity to pay for ...
- why ? because globally things are just working very good...
- the market is already shorting this battered stock which is actually processing 90% or more of the semis across markets...
Now ... if semis are working so great... how do you think banks will ? Or FANGs ?
Maybe ppl are stashed in hardware... who knows ? ;-)
Fib 0.5 is a confirmed hard line
Fib 0.382 has been crossed
All robotics stocks are staling since a while ... because of lack of orders.
SHCOMP drips like crazy.
The US shutdown is masking economic data.
This might be the last gasp of our common illusion.
Yaskawa posted a big miss for the fiscal third quarter, as demand from semiconductor and smartphone customers has fallen sharply from just a few quarters ago.
Autos are still an area of strength, but weak unit sales trends could put that at risk and semiconductor and general industrial demand could have further to fall before rebounding.
Yaskawa is ...