Plotted China high yield/Nasdaq on the same chart just for fun. But check it out. pic.twitter.com/NbUihtwSOI— Sofia Horta e Costa (@SofiaHCBBG) November 5, 2021
Sometimes it's worth remembering that just because they're blindly buying everything in sight, even for 4 months straight, big gains can disappear in a matter of days.$SPX 2018/19: pic.twitter.com/lS9AG7gHmU— Sven Henrich (@NorthmanTrader) November 5, 2021
So, "smart money" hedgers have made some big moves, very quickly.— SentimenTrader (@sentimentrader) November 5, 2021
They're now net short about $79 billion worth of major equity index futures, a record.
And they're long more than 600,000 contracts in 10-year Treasuries, the most in 3 years. pic.twitter.com/igDJKjT9gn
Fifth straight weekly gain for S&P 500 (longest since August 2020), with today’s gains lifted by every sector except Health Care; Energy had solid gain, helping boost small-cap value … Russell 2000 Value has extended YTD gain to 34%, well ahead of Russell 2000 Growth pic.twitter.com/lFdhiLLYrv— Liz Ann Sonders (@LizAnnSonders) November 5, 2021
Blue 5 top at 4718: (1) it is likely that 4718 zone marks the top for blue 5; one reason is that it hit the extended dotted line from previous tops. (2) as noted earlier, 4700+ is the conventional target for blue w-5. (3) given the large gap, it needs orange W-4 to iron it out.
MSFT to 355: (1) last Wedn, when MSFT blasted over its LT resistance line with a huge gap--see yellow circle, I mentioned that gap is significant if it is not filled shortly after. (2) MSFT has been rising higher with a steep slope, a very strong bullish trend, targeting 355 area
US stocks churned out another weekly advance following a Goldilock-ish Oct payrolls report and Fed’s dovish bond-taper plan. The S&P 500 Index gained 2% this week, marking its 5th straight weekly advance, the longest winning streak since August 2020, BBG has calculated. pic.twitter.com/NERwyaejme— Holger Zschaepitz (@Schuldensuehner) November 5, 2021
'Tesla's market value surged 43% in October which helped propel its market capitalization to $1.2 trillion, higher than the $1.1 trillion market value of the S&P 500's energy sector.' https://t.co/hGFUJqoTF4 pic.twitter.com/9v9M9PhxKp— Jesse Felder (@jessefelder) November 5, 2021
Here's an update on the Fed's mandate... pic.twitter.com/2A0VFayQEx— Rudy Havenstein. Not your father's fintwit. (@RudyHavenstein) November 5, 2021
Finally some red in #ES_F:My target today was 4705-4710 where bears had a shot at a cool-off & ES ran there, hit it, and sold off 37 points— Adam Mancini (@AdamMancini4) November 5, 2021
1st support was 4673 & bouncing off it now, but ideally but selling can continue now to put in a couple needed red days before next leg up https://t.co/CUlHJk0OHt