Leading economic indicators
Traders, today's US economics data release looks not as bad as media trying to present.Leading economic indicators are in huge plus for 3 month period.
Despite the panic mode in market you should pay attention to oversold technical condition at stock market and overbougth condition in bonds
markets as a well.In addition to that, take into account the possible pullback in dollar index that started recently to show as it out of steam a little bit.
The latter can ease off the sell pressure from stock markets.
However,furher breakdown of leading indicators below 40 week moving average will force us to sell rallies in newly emerged bear market.
Despite the panic mode in market you should pay attention to oversold technical condition at stock market and overbougth condition in bonds
markets as a well.In addition to that, take into account the possible pullback in dollar index that started recently to show as it out of steam a little bit.
The latter can ease off the sell pressure from stock markets.
However,furher breakdown of leading indicators below 40 week moving average will force us to sell rallies in newly emerged bear market.