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

To: Johnny Canuck who wrote (53824)	3/29/2021 1:13:29 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69140

SP500 need to clear the recent high on this bounce or the likelihood rises of the index breaking the sideways pattern and moving down to the next major support level. Same comment on DOW and SP500. DOW transport set a new high on Friday. If it is still leading the DOW as last move it means the DOW will move to a new high soon also. Keep in mind it needs a confirmation day on Monday. DOW utilities still testing just the top of the intermediate sideways channel. Long bond rate would appear to be expected to be stable for now. COMPQ now in an intermediate sideways trend. Russell 2000 on day 2 of the bounce from he first major volume support level. Financials short term sideways for now. Energy also bouncing off first major volume support level. Gold going short sideways within an intermediate down trend. Silver in short term and intermediate sideways pattern.

To: Johnny Canuck who wrote (53824)	3/29/2021 8:04:04 AM
From: kidl	Respond to of 69140

Nomura Warns of ‘Significant’ Loss From Unnamed U.S. Client ca.finance.yahoo.com

To: Johnny Canuck who wrote (53824)	3/29/2021 8:17:00 AM
From: E_K_S	Read Replies (1) \| Respond to of 69140

Archegos Capital was forced to sell more than $20B in stocks on Friday ARCHEGOS FALLOUT: "IT'S CLEARLY NOT NORMAL" (1110 GMT) Like Nomura did earlier, Credit Suisse is paying the price for the Archegos fallout and is now down about 15%. How much did the Swiss lender lose? It's unclear, estimates ranges from at least $1 to 4 billion which in any case is big blow and begs the question of what went so wrong. "If the figures one can read about Credit Suisse are accurate, there is clearly a big risk management problem", Jérôme Legras, head of research at Axiom Alternative Investments just told us. "The size (of the losses) is surprising, it's clearly not normal, liquidation of funds happen, it happened in the past and it will happen again but a liquidation with such huge and clearly uncovered positions on which banks end up with such a position is clearly unusual", he added. How did the collateral fail to cover so much of the losses? Also unclear but it seems Nomura and Credit Suisse got stung extra by acting later than Goldman Sachs and Morgan Stanley. "One also has the feeling that the banks didn’t all act at the same time and that the first which acted made their way out while the others were left to pick up the pieces", Legras added. The fire sale also echoes the market price action triggered during Gamestonk when short seller had to quickly sell long positions in U.S. IT and tech shares to cover their losses. "In general one has the feeling that there has been a few recent episodes of abnormal market behaviour linked to fire sales", Legras also commented.