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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (52990)	6/29/2020 5:15:40 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67750

Despite all the volatility all the indices remain on a neutral signal. Only the financials have triggered a potentia sell signal that has not been confirmed yet. Finanicals did not lead the market up or down so nothing to worry about yet but might indicate potential cracks are starting to show in the case of V shaped recovery in a compressed timeframe for the US economy. The Fed has proven they have lots of power and are not afraid to use it. Not sure it is not better long term to let parts of the economy re-structure but fear of the perception they can not control the economy will be front and centre so that might not happen. US zombie companies exist now and too many of them is what killed the Japanese economy for more that 2 decades.