Rapaport wrote:Red Signs
Poor Volume, Stubborn HNWI, Foreigners moving out, market above 16X multiples, global economic turmoil, widening trade deficit, PLC IPO, Margin calls, Negative sentiment, human rights issues. The biggest disappointment was to see junk shares going up in the last 2 days of green showing that the rally was not at all sustainable!
Green Signs
3rd quarter earnings, favourable budget, Attractive future earnings and current low RSI, USA GSP reinstated, Rapid economic growth, attractive PEG.
I think Red dominating currently.
Thanks for pointing out