Do the stock markets only see a short-term recovery

Pretiorates Thoughts

After the brief correction in the S&P500 index, optimism is strengthening again.

Chart palms analysis

 

 

 

 

 

This is positive in the short term…

However, a slightly longer-term perspective also shows that smart investors are continuing to distribute. It follows that the current movement in the US market is probably just a technical recovery…

We have the same picture with the Nasdaq index. Optimism is returning…

But the smart investors are still distributing…

In Europe (Stoxx 600), too, optimism seems to be returning…

Meanwhile, in the background, the action has been greatly reduced since the beginning of March… not bullish…

The individual countries look quite different: In the German market (DAX index) optimism is also returning…

…but accumulation is now only cautious…

The British FTSE index has never really had any negative sentiment recently…

And there is slight accumulation, but always with the maximum necessary (red areas)…

The French (CAC 40) is also taking a more positive view of the world again…

But distribution in the background is so strong that it even triggered a ‘strong action’, which usually brings a countermovement…

In Switzerland, the market does not really seem to be moving away from pessimism…

In the defensive-rich market, however, accumulation tends to take place in the background (!). Do investors want more defensive stocks?

The Hang Seng Index was the star of last week and is enjoying optimism…

A ‘strong action’ or slight signs of ‘exaggeration’ indicate that the party needs a break soon…

One sector of the US market looks promising again: The gold miner index GDM Index also went through a correction recently, but sentiment never fell into negative territory…

…on the contrary: the selling pressure has already been recognized by our indicator as an very strong ‘exaggeration’ (red area). This usually results in clear counter-movements…

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.

 

Read this next

Chainwire

PrimeXBT to democratise financial markets with total revamp and upgraded product offering

Leading Cryptocurrency broker, PrimeXBT, has just launched a total revamp of its brand, website, and all-in-one platforms, as part of its vision to “democratise the financial markets” and “make investing available to all”. 

Industry News

SEC’s Gensler reminds industry why T+1 is needed

“For everyday investors who sell their stock on a Monday, shortening the settlement cycle will allow them to get their money on Tuesday. Shortening the settlement cycle also will help the markets because time is money and time is risk.”

Industry News

Citi fined £61 million after $189 billion algo order by mistake

The regulator noted that some primary controls at Citi were absent or deficient. In particular, there was no hard block that would have rejected this large erroneous basket of equities in its entirety and prevented any of it reaching the market.

blockdag

Retik Finance Uniswap Listing Shocker: Why Presale Investors Are Abandoning $RETIK for BlockDAG’s Astounding 30,000x ROI

Explore how major influencers champion BlockDAG’s 30,000X ROI, overshadowing Retik Finance’s Uniswap listing and shifting investor focus.

blockdag

Crypto Influencer ‘Crypto Jogi’ Names BlockDAG the Leading Investment for 2024, Outshining Retik Finance Exchange Listing

Explore why ‘Crypto Jogi’ has singled out BlockDAG as the investment to watch in 2024, shifting focus from Retik Finance’s upcoming exchange listings.

blockdag

Over the Moon or Lost in Space? MoonBag Presale vs. Retik Finance and Pepe Coin

Discover why MoonBag presale is the best crypto presale 2024, surpassing Pepe Coin and Retik Finance with innovative features and high returns. Don’t miss out!

Digital Assets

Uniswap challenges SEC’s planned lawsuit over decentralized exchange

Decentralized finance (DeFi) exchange Uniswap is moving to address a looming regulatory spat with the U.S. Securities and Exchange Commission (SEC).

Digital Assets

Solana trader turns $2K into $2.26 million with 1DOL bet

The Solana ecosystem has proven to be a profitable environment for both savvy traders and lucky speculators. In line with this trend, memecoin trader invested 2,275worth of Solana (SOL) to buy a stash of meme coins, which then became worth $2.26 million in just eight hours.

Executive Moves, Uncategorized

Bitget appoints Gracy Chen as CEO

“I’m extremely honored to step into the role of CEO at Bitget. Over the past six years, we’ve built a robust foundation and an incredible team. Bitget has transformed into a leading crypto platform, consistently innovating to create value for our 25 million users. I’m excited to lead our global expansion to new heights.”

<