" A stock with a negative beta generally moves in the opposite direction to the market "
If we assume that markets go up long term ( which they have historically ) then I really don't understand the above statement.
Today ftse will create an outside day engulfing, which is .......bad?
I personally don't read too much into 1 bar unless it happens where you are expecting it to happen and then it becomes confirmation of what you are thinking is happening lol so looking at the price action , bears and profit taking has pushed it below most short term moving averages on a D1 chart lately and the last 2 days have been bull's response to that, it's pretty neutral to me at the moment and not an area I would be interested in trading from but each to his own.
what caused the Dow to rally 140pts 90mins before the cash close?