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2022.03.23

This NDX wave count predicts wave '3' down will be extremely ugly.

And imminent. pic.twitter.com/PkBXjm36p2
— Mac10 (@SuburbanDrone) March 23, 2022

I love hearing bearish sentiment coming from the talking heads; an integral part of forming a bottom. Historically, it takes a number of rate hikes and an inverted yield curve to cause a major bear market. Also the velocity of the tightening is a factor w/ faster being the worst. pic.twitter.com/12bjygzhBN
— Mark Minervini (@markminervini) March 23, 2022

$FEZ (Euro Stoxx 50) remains in a downward trend, which started in January. Subsequent rallies, thus far, have been countertrend and seem to be getting faded here. pic.twitter.com/WdALz6yR9k
— Markets & Mayhem (@Mayhem4Markets) March 23, 2022

$SPY #SPY The 1.75% VWAP band is once again acting as a resistance level above today.

Volume gap down to $441 if this shelf can't hold. pic.twitter.com/qGSqP6P0go
— Jake Wujastyk (@Jake__Wujastyk) March 23, 2022

More than 95% of Nasdaq 100 stocks have regained their 20-day moving average with less than 45% of stocks above the 200-day MA.

This is just the 4th time short-term breadth has been this strong while long-term breadth has been this weak.$QQQ pic.twitter.com/TXUjpQQV9j
— Andrew Thrasher, CMT (@AndrewThrasher) March 23, 2022

By Master Wu

On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.

Daily Review

2022.03.23

3rd time is the CHARM? (1) When FED chair opened his mouth, the market reacted immediately. Last Wedn, SPX sank 100 points; ystdy, it dropped 50 points. (2) however, each time, the market recovered all loss mid-session; (3) let's see the 3rd time--as Powell will speak today at 8am

Correction Confirmed: (1) a small gap-down open kicked off the much-needed correction; (2) there are several potential targets for this downward move & the minimum is 4385--which I bet it will get there some time this week, if not tomorrow. (3) the dotted support line is broken.

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TODAY'S TOP GURUS

TODAY'S TRENDING STOCKS

DAILY INFORGRAPHIC

Companies in the S&P 500 have outlined buybacks worth $238bn during the first 2 months of 2022, a record for this point in the year #stocks #markets pic.twitter.com/PtCXaOelHH
— Michael A. Gayed, CFA (@leadlagreport) March 23, 2022

As Bramo points out... financial conditions are less restrictive post-Powell last week, not tighter.@lisaabramowicz1 pic.twitter.com/khrYd2hpoX
— Jonathan Ferro (@FerroTV) March 23, 2022

“A look at specific African countries, including some least developed countries, reveals a far higher degree of dependence for many on wheat imports from the Russian Federation and Ukraine than these overall percentages.” -UN Conference on Trade pic.twitter.com/gjk0DrOnVv
— Andrew Thrasher, CMT (@AndrewThrasher) March 23, 2022

SPX .618s & .786s (eclipsed) - sorry for typo. pic.twitter.com/HAhQsUCjUH
— Nautilus Research (@NautilusCap) March 23, 2022

OIL MARKET: The backwardation in the European diesel market is monstrously large. And getting worse.

The chart is 2nd-to-3rd month gas-oil futures spread, approaching the all-time high set earlier this month when spreads blew-up. All points to an extremely tight market | #OOTT pic.twitter.com/UVO9jJmZBS
— Javier Blas (@JavierBlas) March 23, 2022

Fintwit Watch Archive

2022.03.23 2022.03.22 2022.03.21 2022.03.18 2022.03.17 2022.03.16 2022.03.15 2022.03.14 2022.03.11 2022.03.10 2022.03.04 2022.03.03 2022.03.02 2022.03.01

Fintwit Watch Archive 2022.02 +

Fintwit Watch Archive 2022.01 +

Fintwit Watch Archive 2021.12 +

Fintwit Watch Archive 2021.11 +

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