Risk-Off Duly Called

(MENAFN- Investor Ideas) More than your usual daily S&P 500 setback - nasdaq leading lower in the main theme and breadth divergencies pointed out to clients Sunday. Incoming data, BoE and NVDA - these were the elements of extending Friday's risk-off sentiment, which was possible to best capture in intraday terms. The matter of whether we have a weekly hanging man or hammer candle - dependent upon the follow through - was clearly resolved yesterday.

Now, the question is about the extent of follow through to the downside, and which sectors can withstand the selling pressure best. And why.

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Let's move right into the charts (all courtesy of ).

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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

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