13th Mar 2023 Update:
VIX spiking in past 2 trading sessions (chart created using trading view)
STI ETF down about 6.3% in 19 trading sessions - downward movements slowed down from 2nd to 7th Mar - till Fed Chair Powell cautioned that interest rates are likely to head higher than central bank policymakers had expected on Tuesday, which did not sit well with the market.
Fear and Greed - source cnn.com
11 March 2023 update: US market corrected 500 over points last night, as investors are preparing for a critical payroll report that is set to be released on Friday, which could have an effect on the trajectory of interest rates:
Greed and Fear ratings (source : CNN):
As compared to two days ago, the needle on the Fear and Greed Index has shifted from neutral to the fear region.
Tradingview chart
Vix Spike from around 19 level to about 22.5
Reaction of STI ETF in response to US negative sentiment last night
charts created using trading view
Chart 1 : STI ETF (Heiken Ashi)
Chart 2 : STI ETF (Candlestick)
Chart 3 : MMFI
MMFI: "Percent of Stocks Above 50-Day Average" - technical indicator used to track the percentage of stocks that are trading above their 50-day moving average. The very patience investor may choose for it to come between about 11 to 32 - if ever gets there, that is.
current Greed and Fear ratings (source : CNN):
Interpretation: Usually, the market starts to present opportunities when the needle of the meter is pointing within the 'Fear' and 'Extreme Fear' regions, caveat being in prolonged negative market conditionsns. In such cases, one's risk management and trade plan come into play to control and mitigate risk.
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