The global rise in inflation is broad-based. Look at the combined weight of items with > 2% inflation in Dec. '21 (red) vs Dec. '11 (blue), when energy prices were also high. More inflation in US & Germany. Less in Italy given its big output gap. #CANOO @adam_tooze @heimbergecon pic.twitter.com/q1YDYGypsx— Robin Brooks (@RobinBrooksIIF) February 7, 2022
$FB monthly candle one for the record books, remains in a weekly volume pocket back to 210 while 188-190 firmer support— Joe Kunkle (@OptionsHawk) February 7, 2022
Anecdote, there Ad system for businesses is way worse than Twitter's and not even worth using pic.twitter.com/MKBlofE5p6
Still waiting for 1st 35 SPX Points: (1) below is part of the 1-min chart I sent out to few fellow trader friends this morning--all lines are original. (2) shorted around 4520 and wait for the first target of 4485. Then, the real fun begins.
Nice puppy, right?
Going thru charts, these 5 stood out:— Ed Clissold (@edclissold) February 7, 2022
1. For tightening cycles, speed matters. Year 1 of slow cycles $SPX +10.5% vs -2.7% in fast cycles on avg.
Slow cycle = waits a meeting between hikes on avg. Subjective call, but 4-5 hikes + QT in 2022 is a fast cycle to us. @NDR_Research 1/5 pic.twitter.com/MUfiSzp8Po
Fwiw: $FB has a lot of support confluence here if it manages to hold could set up for a sizable bounce.— Sven Henrich (@NorthmanTrader) February 7, 2022
The .618 fib, weekly 200MA, 2 key trend lines all in the same vicinity & the most oversold weekly RSI since 2012, 10 years ago. pic.twitter.com/lCvxwy0Gjh
Equity put/call ratio pic.twitter.com/mq3Z3um9SQ— Mike Zaccardi, CFA, CMT (@MikeZaccardi) February 7, 2022