Advertisement
The Market Ear kicks us off.
Are we there yet?
We, and probably many of you, are looking for signs of an interim oversold capitulation bottom for a trade. There are however few signs right now to support such a trade. Very seldom (never) do you get an “all-clear” signal, but right now we are far too off in our tactical model to put a long trade on. These things of course change in real time so next week might be a different story. Let’s go over what we are looking at right now and why we are not going long just yet.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement