Ouch.
— Jeffrey Kleintop (@JeffreyKleintop) March 1, 2022
Russian investors have 95% of their stock portfolios invested in Russian stocks. pic.twitter.com/FSfrnTcElx
SPY & QQQ remain uninterested in the rally. https://t.co/zh2HLLPBNr pic.twitter.com/Z2lFccgLsv
— SpotGamma (@spotgamma) March 2, 2022
80% UVOL..
— Beau (@Norseman1) March 2, 2022
Total volume is low for Follow-Through Day pic.twitter.com/lFepgCsGSc
🇷🇺 Russian Stocks in London Wipe Out 98% of Value in Two Weeks - Bloomberg
— Christophe Barraud🛢 (@C_Barraud) March 2, 2022
*Link: https://t.co/i6JtWJlx44 pic.twitter.com/pM8RPCJRL5
1/ Some useful investment math. Not a forecast. Just FYI
— John P. Hussman, Ph.D. (@hussmanjp) March 2, 2022
"Operations for profit should be based not on optimism, but on arithmetic." - Benjamin Graham pic.twitter.com/Lp98LHGLWh
From 4280-4388: (1) within 3 trading hours, a 100 SPX points turnaround--predicted well ahead of time. (2) now, as I mentioned 3-day ago, the upward move was not DONE at 4385 on Monday; -- when many predicted doom. (3) after 4400 though, you need to tighten your stop for long.
You may wonder: WHY THE MARKET PAUSED HERE? See the powerful downward trendline that has defined the major moves over the last 2 months. Pivotal time, indeed (I posted the chart yesterday, FYI 👇👇👇); We are RIGHT AT THE DOOR NOW.
Copper is on the brink of a major breakout.
— Otavio (Tavi) Costa (@TaviCosta) March 2, 2022
If we go through this bullish pennant, prices will likely accelerate to the upside.
Just a matter of time. pic.twitter.com/1JLXVQ3W54
Beige Book Finds Spending Slowed, Inflation Rose In March As Shortages Increased https://t.co/46wGrZH19Q
— zerohedge (@zerohedge) March 2, 2022
End of QE’s 1, 2 and 3 w/the Bull/Bear Spread signal fired…did not lead to V’s w/out 90/90 reversal adding in to equation like 2018.
— Beau (@Norseman1) March 2, 2022
2008 was a rally in Bear…I’m not in that camp “yet”. pic.twitter.com/QV7P3jeZwb
More people have placed buy orders for $RSX than $MSFT today on Fidelity's brokerage platform. There's been 3 buy orders for every sell order. $RSX is never on this list btw. But retail has a soft spot for BTFD. pic.twitter.com/xiSkBMx85x
— Eric Balchunas (@EricBalchunas) March 2, 2022
#NQ_F, 4h
— Yuriy Matso (@yuriymatso) March 2, 2022
Several observations:
1. Potential Bear Trap in place
2. Potential inverse H&S in place
3. Price is now sitting on the diagonal resistance
Breaking above the resistance will most likely lead to higher prices. pic.twitter.com/xgN5O652eQ