This NDX wave count predicts wave '3' down will be extremely ugly.
— Mac10 (@SuburbanDrone) March 23, 2022
And imminent. pic.twitter.com/PkBXjm36p2
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.
— Jake Wujastyk (@Jake__Wujastyk) March 23, 2022
Volume gap down to $441 if this shelf can't hold. pic.twitter.com/qGSqP6P0go
More than 95% of Nasdaq 100 stocks have regained their 20-day moving average with less than 45% of stocks above the 200-day MA.
— Andrew Thrasher, CMT (@AndrewThrasher) March 23, 2022
This is just the 4th time short-term breadth has been this strong while long-term breadth has been this weak.$QQQ pic.twitter.com/TXUjpQQV9j
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.
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.
— Javier Blas (@JavierBlas) March 23, 2022
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