Nice when price follows my line #Natgas had the spike - as expected. Yeah - I know.... 😉 I though it would have lasted longer. But it seems to have topped here! Wave B may be in. Wave C down will quell all talk of #inflation pic.twitter.com/Nzg3HrQ8xi— Henrik Zeberg (@HenrikZeberg) April 19, 2022
NYSE still near/below a flattish/turning-down 200-day moving average. Low near point A significantly lower than low near point B (thus far). pic.twitter.com/fzoG1MjGg0— Chris Ciovacco (@CiovaccoCapital) April 19, 2022
$ES_F at a pretty key level. Bulls need to see it take out 4450 on a closing basis IMO. Right now flirting with the 23H point of control, and buyer seem to be losing their momentum. Whether this is just a consolidation or something else remains to be seen. pic.twitter.com/3FOOlTdUoe— Markets & Mayhem (@Mayhem4Markets) April 19, 2022
A TREND DAY, INDEED: (1) A big green bar so far; (2) the top of that zone is 4471, and that would be the target for today's move. (3) from the bullish candle formation, this rally has more legs to go--final target still 4500-4510.
After breaking the Black Trend Line, the market just gushed up in a straight line. BTW, VIX has been slaughtered today, as forewarned by the same-color turn day yesterday.
Among the major emerging markets, only Turkey (blue) & Russia (brown) have higher monetary policy interest rates than Brazil (black). Brazil isn't perfect, but it does have high interest rates with far less risk. This is one reason why the Brazilian Real has done so well in 2022. pic.twitter.com/4zveNslNat— Robin Brooks (@RobinBrooksIIF) April 19, 2022
AAII % bullish <20% last wk.— Ryan Detrick, CMT (@RyanDetrick) April 19, 2022
Yes, you could argue sample size is small and the group doesn't change. Or that they've been in some of the really beaten up Cathie Wood stuff. Or that the samples happen in clusters.
Still, higher 30 out of 31 times 6 and 12 mos later is amazing. pic.twitter.com/ztjO2vq2IA
On April 19, the #GDPNow model nowcast of real GDP growth in Q12022 is 1.3%. https://t.co/T7FoDdgYos #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/NOSwMl7Jms pic.twitter.com/uywfq1moNV— Atlanta Fed (@AtlantaFed) April 19, 2022
Japan is a country most believe it CAN'T get sustained inflation growth.— Patrick Karim (@badcharts1) April 19, 2022
So when it does getting sustained inflation growth, you know something is up!
Clean breakout & back test on Renko chart.#inflation #gold #silver #japan pic.twitter.com/NjUPX9zUi2