The BX observation is the most interesting setup in this piece from a structural standpoint. Alternative asset managers trading below their 200-day at a moment when institutional allocations to alternatives are broadly constructive creates an unusual entry dynamic: the sector thesis and the price action are temporarily pointing in opposite directions. The SNOW profit-taking call was well-timed.
Extreme RSI after an 8% week in software is exactly the moment systematic traders are supposed to sell, not add.
The market rewards discipline at the extremes more than at the midpoints.
Great article! I've been adding small amounts to TSCO. I'll bet it will be a stage 1 for a while, but technically a stage 2 now.
thank you, Scott!!!
The BX observation is the most interesting setup in this piece from a structural standpoint. Alternative asset managers trading below their 200-day at a moment when institutional allocations to alternatives are broadly constructive creates an unusual entry dynamic: the sector thesis and the price action are temporarily pointing in opposite directions. The SNOW profit-taking call was well-timed.
Extreme RSI after an 8% week in software is exactly the moment systematic traders are supposed to sell, not add.
The market rewards discipline at the extremes more than at the midpoints.
thank you, Eelco! i appreciate you!!!