$SPY soon enough this correction should be over and we should start rallying to 5000+. This should be the leg up that carries with it most of the stocks that struggled in 2021 as they are all approaching key support areas🐂 pic.twitter.com/ivWp5Q02kx— Mauro (@MauroBianchi24) January 7, 2022
In the last 2 mths BLS adjustments have subtracted over 500k from headline NFP leaving the divergence btwn to ADP as historic extremes. Unemployment rate tells the real story showing a booming economy and a Fed WAY behind the curve! pic.twitter.com/x58YKeymTl— Julian Brigden (@JulianMI2) January 7, 2022
Very clean parallel channel 5 down with divergent 5th. Find low soon but question is - did 5 down finish a pattern or is this W1 and will bounce be corrective with W3 down to come? pic.twitter.com/PBY54FRxyL— Puff Dragon (@PuffDragon11) January 7, 2022
Now Rebound Phase: (1) the market today did what I expected it to do on Monday--namely, revisiting 4672 zone. (2) now, there would be a zigzag upward leg to 4744--not directly, but will get there mid-next week. (3) for the rest of the day, there may be a final hour squeeze higher
Great example of Put Walls here as 380 was the $QQQ put wall. You can see that as Q's dropped to that level, QQQ puts came for sale which generated positive deltas. That led to an interim bottom in price. pic.twitter.com/lNCWadm78Y— SpotGamma (@spotgamma) January 7, 2022
S&P500 yearly returns since 1926 stacked in a distribution.— Alf (@MacroAlf) January 7, 2022
The mean is a whopping +15%.
$10.000 invested in the S&P500 in 1926 would be worth $8 million today.
Grandpa, where are my millions to inherit? pic.twitter.com/GiJD8bpcVH
The 10-Year Treasury yield is on the doorstep of 1.8%. Up nearly 30bps to start the year and at its highest level since mid-Jan 2020. Hasn't closed above 1.74% since Mar 2021, but might do it today. pic.twitter.com/i377P4uFEV— Liz Young (@LizYoungStrat) January 7, 2022
*BIDEN: WE WILL BE ABLE TO CONTROL COVID pic.twitter.com/dPDyOkMorI— zerohedge (@zerohedge) January 7, 2022