Perma bear David Einhorn (Greenlight Capital) said persistently high inflation is eventually going to tip the U.S. economy into another recession, regardless of what the Federal Reserve will do to combat surging prices. https://www.cnbc.com/2022/01/26/david-e ... tions.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
old news, this morning
First look at 4Q economic growth, GDP rose at an annual rate of 6.9% compared to estimates of 5.5% despite Covid omicron spread.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
2yr treasury rates (UST2y)
10yr treasury rates (the benchmark TNX)
The inverse: Long treasury bonds (TLT)
Usually NOT ALWAYS: rates up stocks down, especially Tech
Daily, 20/50
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Bears beware. Could be an important W bottom forming in IWM. Multi-day bottom. Not so clear in QQQ.
The LOD must hold, because it is support going way back. But if it does, ROC-25 is below -10. It almost never goes that low in IWM, in a 6mo chart timeframe. Last time, the rally up was the December explosion. Odds are with the trend continuation and a downside break, but upside face-rip is a clear hazard.
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The line below might not hold another test so bulls have no return now.
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Risk Proxy
These are the Peacocks that should/will move up if/when the market moves up.
Interesting to note the insiders (bottom panel) have been selling since mid November.
Daily
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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4309 /ES is key level, but the majority of people will see yesterday's low as a line of support. a must to defense for bulks. internals to see if the bottom will sustain is $BPSPX, a tick up on $BPPX will also suggest the short term bottom will hold. only 13% of SPX companies were above 20 DMA, very over sold and very bearish.
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Last edited by BullBear52x on Thu Jan 27, 2022 4:58 pm, edited 2 times in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
in a bull market 80% of SnP companies should be:
> 80% above 200 DMA today is only 49% very bearish.
> 50% above 50 DMA, today is only 26%, over sold but this is really weak in term of TA view or contrarian view of deadly over sold, crash like reading area low.
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