Foreigners dumped $34.3bn in US #stocks in July. 12-month total at $261.7bn now down for 4 months in a row, having been peaked at $405.5bn in Mar. $SPX unscathed so far. Historically, the 2 have tended to move hand in hand. pic.twitter.com/gfhqrChb5l— hedgopia (@hedgopia) September 16, 2021
$ES $NQ $RTY ✍️— Chandler Trades (@rbc_trading) September 15, 2021
Bears had their opportunity and once again they blew it
It is likely we see a tad more upside before the next leg down
I am watching $RTY closely to see if it gives any hints overnight pic.twitter.com/2cPImd4BBj
Retest of 4444: (1) another deep retrace followed by a V-shaped 40+points pump. (2) the ST chart looks bullish, with a significant move higher today of DTK--meaning a higher high of SPX in the near future is expected. (3) it would be quite a miracle if SPX unscathed in Sept.
DAO & EDU: (1) The entire sector of China's education-technology business was brutally massacred on July 23, when government released a bunch of strict regulations. (2) TAL & EDU [two leaders] waterfalled, dropping 80-90%--whereas one outlier, DAO, survived & rebounded back. WHY?
If the Fed doesn't slow the pace of its monthly bond purchases in the next few months, its balance sheet will be close to $9 trillion by yearend. In the past three months alone, its holdings have expanded by $384 billion, to $8.45 trillion. pic.twitter.com/HhOy9ETeD2— Lisa Abramowicz (@lisaabramowicz1) September 16, 2021
I still believe that we are in a secular bull market that is far from over. As this chart shows, secular bull markets are not immune from recessions and cyclical bear markets. But they tend to be shorter and shallower, and the subsequent rebounds tend to be swifter. pic.twitter.com/H3yFurowei— Jurrien Timmer (@TimmerFidelity) September 16, 2021
Shaping up for something fun pic.twitter.com/pNakyXeFuU— The Long View 🌑 (@HayekAndKeynes) September 16, 2021
"Stagflation" is increasingly in the news. pic.twitter.com/sjeKptzJwW— (((The Daily Shot))) (@SoberLook) September 16, 2021