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2022.03.30

For only 3rd time this year and 8th time since mid-November, we had more new highs than new lows today on NYSE+NASDAQ. pic.twitter.com/pua8NYolDO
— Willie Delwiche, CMT, CFA (@WillieDelwiche) March 29, 2022

Markets soared higher and the Nasdaq Comp is about to run into its 200-day average. The almost 17% rally is a great example of the market's ability to turn on a dime in the midst of bad news. It seems sentiment is now edging to the other extreme in the short term. pic.twitter.com/q6EBDRfvlE
— Matt Caruso, CFA, CMT (@Trader_mcaruso) March 29, 2022

$SPX is headed higher into its next 20 TD cycle high on April 1. Today it closed above 4595. The next potential resistance may be the 78.6% retracement at 4668 though none of the Fibonacci retracements has worked as resistance so far. The next real resistance is only at 4718. pic.twitter.com/v2HWAPsuKB
— CyclesFan (@CyclesFan) March 29, 2022

Bears still confident, that this is only a Bear Market bounce??😉 #Apple pic.twitter.com/ppsXxaoSHv
— Henrik Zeberg (@HenrikZeberg) March 29, 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

2022.03.30

Margin of Error for AAPL: (1) It is getting dangerous close to invalidate the LD pattern that I used to count AAPL. (2) Still think it is the correct count, but the margin of error is very small--the viable way forward is a shallow retrace for a week, then a higher high at 180.

New Moon=a high: (1) for subs, the upcoming new moon actually points to a high--not a correction low as I expected--see Bamboo Scroll #8. (2) still, the best and safest strategy is to initiate a position near the phase, not in the middle. (3) Will ALL-IN short tmrw at 4630-40.

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TODAY'S TOP GURUS

TODAY'S TRENDING STOCKS

DAILY INFORGRAPHIC

$QQQ 370 area achieved, 100 MA test reached. Bears do not have that much time to reverse this so I am being patient and letting the market pick its next direction. Once the next trend will be established will be fairly easier to play pic.twitter.com/LeH4vfkIK8
— Mauro (@MauroBianchi24) March 29, 2022

$QQQ is back in a daily uptrend as it broke above the cloud and MA(200). pic.twitter.com/qVKmXsQd0X
— Markets & Mayhem (@Mayhem4Markets) March 29, 2022

US Yields inversion on Daily chart. This is forecasting a #RECESSION. Not imminently - but most likely with a start in 2022 pic.twitter.com/0xR1AlWcIe
— Henrik Zeberg (@HenrikZeberg) March 29, 2022

Clear growth/defensive tilt today with REITs, Tech, & Cons Discr in lead; Energy was sole decliner while Financials saw most modest gain … in reversal from longer-term trend, Russell 2000 Growth beat peers but remains down 10% YTD and is still lagging MTD pic.twitter.com/Q0Q3Imber4
— Liz Ann Sonders (@LizAnnSonders) March 29, 2022

Fintwit Watch Archive

2022.03.29 2022.03.28 2022.03.25 2022.03.24 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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