EXPM:HRTFF - Post by User
Post by
justrelax2on Nov 22, 2019 2:53am
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Post# 30381152
Just take this on as a thought
Just take this on as a thoughtIt's tax loss season....it's generally been a good year in general equity markets. profits were made and taxes will have to be paid.....we have had a LOT of ATS activity in past few weeks after Nov 1 PR. from hell....ATS activity is largely institutional...most selling pressure has come from someone or someone's or an entity or institution, selling thru CIBC systems.. that started the roll...day traders took over and played it...CIBC continues to sell keeping downward pressure on S/P.....the charts prove that . I have posted them many times.....soooo what better time to hide your tax loss selling ,then after a crappy NR...good excuse and smack dab in tax loss season...could be that simple...if that explanation is anywhere near reality. we are deeply oversold and could see a major bounce back in the coming weeks...especially with any kind of good news...just my thinking.....UTD chart to follow..