We want to see the YTD ⚓️VWAP hold as support over the next day or two as the 5DMA has the opportunity to flatten out, and come up under prices as support if $SPY and $QQQ are going to make a more sustained rally$IWM just acts terrible as YTD VWAP found decisive sellers pic.twitter.com/giTIE78vyd— Brian Shannon, CMT (@alphatrends) January 12, 2022
Aggressive balance sheet rolloff eh?— Sven Henrich (@NorthmanTrader) January 12, 2022
Best of luck with that. pic.twitter.com/2XVM9BPuGJ
#stockmarket every pundit on CNBC & macro tourist on Fintwit is saying persistent inflation is here to stay....maybe, but my bet is it's peaked. if true, does Powell need to be as aggressive raising rates? likely not. PPI chart overlayed w/ DeMark counts. 13 sell coming. pic.twitter.com/TAs6pVJWKn— CoiledSpringCapital, CMT (@coiledspringcap) January 12, 2022
Doji & Trapped Bulls: (1) 2 things noteworthy tdy--A, a daily doji=indecision. It seems SPX came to the appointment a couple of days earlier; B, the daily high is 4748, closer but not yet touch the lower edge of those SIX daily bull traps. (3) THE rescue hope will be dashed Fri.
TSLA & Big 3: (1) All big 3 tech--AAPL, AMZN & MSFT, left a reversal candle today, which overshadows any bullish momentum going forward. (2) TSLA is an exception, mainly due to its different wave structure. (3) it is working on a sideway W-4 for quite some time, with w-c leg due.
The fact that stocks are up today after that horrible 7% CPI print shows what a farce this "market" is.— Jesse Colombo (@TheBubbleBubble) January 12, 2022
It's completely disconnected from reality and from the fundamentals.
There are no analysts anymore. What is there to analyze? If you're in this market, you are gambling. pic.twitter.com/6uhwUIuUoo
be aware of those who will be the most vocal in the upcoming days pic.twitter.com/PWRQy7YPFC— Adam (@abetrade) January 12, 2022
In our view, China is a leading indicator of a change in the consumer preference for EVs. In the US, gas-powered car sales are likely to struggle, especially now that used car inventories, as measured by Manheim, are roughly 40% above normal at wholesale and retail. https://t.co/Xh4NKn4U2R— Cathie Wood (@CathieDWood) January 11, 2022