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2021.10.16

2021 is the year of the inflation shock (BofA):

- shipping rates up 210% YoY,
- food prices are up 33% YoY,
- energy costs are up 71% YoY,
- house prices are up 20% YoY;
- US inflation is annualizing 7.2% highest since early 1980s pic.twitter.com/SpRdix6j7p
— zerohedge (@zerohedge) October 15, 2021

This is one of the more interesting (and hard to explain) correlations I have come across in 3 decades of charting. Big move this week, courtesy of the yen dropping in value. pic.twitter.com/Fz8mtXxuzy
— Tom McClellan (@McClellanOsc) October 15, 2021

With the Breakout of the triangle, The $DJI looks likely to make a new High. A 100% ext. of the March 2020 Low as a possible target.

Next Date to watch is around Oct 25 - 27.
Of interest is, it's 6 mths & 12 mths from periods I'm watching in 2022.

𝐃o 𝐘our 𝐎wn 𝐑esearch. pic.twitter.com/2LXakqOt6T
— Gann Cycles (@GannCycles) October 15, 2021

China Junk Bond Yields spike to a ten year high. Contagion anyone? pic.twitter.com/rZFt58GTpY
— Not Jim Cramer (@Not_Jim_Cramer) October 15, 2021

Hang Seng Tech trying to break out. Wait until Xi sees this chart 🤔 pic.twitter.com/96uE4lWHPb
— Gianluca (@Theimmigrant84) October 15, 2021

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

2021.10.16

Decision Time: (1) another gap-up and go, hitting the target of 4460+ zone. (2) if this is a C-wave of a FLAT, it should turn back down here, and without any delay or sideway moves. (3) however, the back-to-back gap-ups gives rise to the potential of a bull-nest, pointing to ATH.

Double Zigzag: (1) for the DZZ to pan out, SPX has to reverse and drop from here--otherwise, a bull-nest to ATH becomes the primary count. (2) noticeably, the trendline connecting 4305 & 4276 at the two lows, is parallel to the line connecting 4545 & 4475, today's top--dotted line.

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TODAY'S TOP GURUS

TODAY'S TRENDING STOCKS

DAILY INFORGRAPHIC

$VIX

VIX futures bouncing off nicely off this 18 months support line, despite a strong rally today. Next week will be interesting. pic.twitter.com/1det6PB1aC
— HOZ (@MFHoz) October 15, 2021

Gotta love an options driven market. Heavy volume/OI on $SPY 450 and $SPX 4500, but SPX 4450-4460 remain remain very active, as well as $SPY 440 (both sides).

Hope you like gambling because the rest of October should be interesting. pic.twitter.com/b5m61AKYnO
— Horselover Fat 🧙‍♂️ (@Michigandolf) October 15, 2021

The performance of the #SPAC sponsors (sorted by highest to lowest average IRR)
Average/Median return numbers only take into account completed SPAC deals pic.twitter.com/URCJ8iSfSR
— Tornike LAGHIDZE (@TornikeLaghidze) October 15, 2021

"2022: The Year Of The Rate Shock": The Fed's Policy Mistake Already Happened And Next Year Everyone Pays https://t.co/uXnwOiBPPT
— zerohedge (@zerohedge) October 15, 2021

SEC approves first Bitcoin Future ETF, opening crypto to wider investor base. First product will track bitcoin futures, rather than price of bitcoin directly. SEC Chair Gensler indicated he believes futures-based products might provide stronger protections https://t.co/9TMRzKP1gI pic.twitter.com/jilpgotdqd
— Holger Zschaepitz (@Schuldensuehner) October 15, 2021

Fintwit Watch Archive

2021.11.16 2021.11.15 2021.11.12 2021.11.11 2021.11.10 2021.11.09 2021.11.08 2021.11.05 2021.11.04 2021.11.03 2021.11.02 2021.11.01 2021.10.29 2021.10.28 2021.10.27 2021.10.26 2021.10.25 2021.10.22 2021.10.21 2021.10.20 2021.10.19 2021.10.18 2021.10.15 2021.10.14 2021.10.13 2021.10.12 2021.10.11 2021.10.07 2021.10.06 2021.10.05 2021.10.04 2021.10.01 2021.09.30 2021.09.29 2021.09.28 2021.09.27 2021.09.24 2021.09.23 2021.09.22 2021.09.21 2021.09.20 2021.09.17 2021.09.16 2021.09.15 2021.09.14 2021.09.13 2021.09.10 2021.09.09 2021.09.08 2021.09.07 2021.09.03 2021.09.02 2021.09.01 2021.08.31 2021.08.30 2021.08.27 2021.08.26 2021.08.25 2021.08.06

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