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2021.11.29

This is the most aggressive selling of volatility since the bottom in March 2020.

We can assume that from this point forward hedge funds are no longer hedged and will be forced sellers on any downside follow-through. pic.twitter.com/4WwMXTRm5m
— Mac10 (@SuburbanDrone) November 29, 2021

*POWELL: OMICRON ADDS TO ECONOMIC RISKS, INFLATION UNCERTAINTY pic.twitter.com/wRQknQMnAc
— zerohedge (@zerohedge) November 29, 2021

Today's action not going to do much to relieve concerns about weakness beneath the surface.

This was day 4 of both NYSE and NASDAQ having more new lows than new highs.

We are at 8 days in a row of NYSE+NASDAQ combined new lows > new highs pic.twitter.com/ZgciDjOyRV
— Willie Delwiche (@WillieDelwiche) November 29, 2021

There is no bull or bear, there is only the market pic.twitter.com/urYz410u3M
— Will Clemente (@WClementeIII) November 29, 2021

It makes sense pic.twitter.com/ejxWpwDHn0
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) November 29, 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

2021.11.29

ABC rebound: (1) tdy's rebound is in line with the roadmap I posted last Friday. (2) if the decline is indeed a LD as I counted, then it would most likely go to start of w-5, which is around 4685-4700 zone. (3) now it is the first leg of this ABC blue zigzag. 4685 key resistance.

w-a of zigzag done at 4673: (1) the blue zigzag roadmap was posted on Fri, after market close. (2) today's action pretty much followed that path, with w-b started from 4673. (3) a sizable retrace to 4630 is expected for tomorrow, then a final push to 4685-4700 for potential W-2.

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TODAY'S TRENDING STOCKS

DAILY INFORGRAPHIC

In 1929 Market Cap to GDP (top indicator of overvaluation) was near 100%. In 2000 it was over 150%. Both preceded major corrections. Current 2021 super bubble is around 215%. Any questions? pic.twitter.com/AffIqMCo9P
— B.P. Rising (@BP_Rising) November 29, 2021

Studying up on some old technical chart patterns pic.twitter.com/CbWlVwrf0j
— Sven Henrich (@NorthmanTrader) November 29, 2021

On Friday we had a big sell off on virus news (down 2.3%) and, as I write, we are having a sharp rebound (up about 1%).

Does this remind you of anything???? pic.twitter.com/xP0KiwkhUQ
— Jim Bianco biancoresearch.eth (@biancoresearch) November 29, 2021

S&P 500 erased November losses, with strong rebound today led decisively by Tech; Cons Discr & Utilities also saw healthy gains, while cyclicals took back seat … growthier sectors’ gains pushed Russell 1000 Growth ahead of Russell 2000 Value YTD; former leads by wider margin QTD pic.twitter.com/Vcouj3yVMJ
— Liz Ann Sonders (@LizAnnSonders) November 29, 2021

Harsh truth about high inflation and SP500 P/E multiple... pic.twitter.com/5VMnR7IWdN
— xTrends (@xtrends) November 29, 2021

Fintwit Watch Archive

2022.06.01

Fintwit Watch Archive 2022.04 +

Fintwit Watch Archive 2022.03 +

Fintwit Watch Archive 2022.02 +

Fintwit Watch Archive 2022.01 +

Fintwit Watch Archive 2021.12 +

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