[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] The BABA Reversal told of Market Vulnerability. World War ISIS remains underway and may last for awhile….quite a while? Stocks could continue to correct. The 93% Bullish on the BABA IPO has multiple characteristics of an important interim high.
Now, Recent weakness has produced a low 2% Bullish sentiment but recent trade still does not look like this is a “Buy the Dip,” Financial Culture now seems like it is a bit “stuck” in terms of cognitive and price territory. How it trades from here may be telling.
The downside seems to be slowing right here and more of a two-way pitched battle may be happening.