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Wednesday, December 25, 2024

Market Reversal on Putin Comments

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

A tremendous selloff after a big gap up to start the day as news wires report Putin says Russia will assist Syria if there is an external attack.  With the way algos read headline we saw a massive selloff – in a matter of minutes it nearly engulfed the previous two days of range.

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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/index.php/the-fund/holdings

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