Discover and read the best of Twitter Threads about #mcm_chartstorm

Most recents (5)

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#mcm_chartstorm

Professionals have been piling into puts - this is the 10 day #OEX put/call ratio
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SELL EVERYTHING!

(this post is especially for @yuriymatso)
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Longer-term $TICK is on the zero line (though this calculation is deceptive as in OVERLY OPTIMISTIC - even an over-optimistic measure with inherent quantization is at signficant risk of a major breakdown)
Read 68 tweets
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Lets get this, what’ll probably be way more than 80 chart (yes possibly over 100 charts) #mcm_chartstorm going

Since most analysts (except a few great ones) we see on twitter appear to be copping out as mkt has risen, how much all this BULLISHNESS is really in the mkt? $SPX
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In the past we have discussed the epic internal/structural relationships between $NDX and $SPX in 2000 and $FAANGvs $SPX in 2019...lets take a look at that model again
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How lets take a look at how this model has played out since we posted it mid year last year...

$FAANG $FNG vs $SPX has followed the model extremely well, with one exception...the $FANG meltdown has been much worse structurally & nominally than the 2000 disaster.
Read 101 tweets
Let’s get this #mcm_chartstorm going

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Let’s start with the $INDU
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And $SPY $SPX have the same pattern & perfect symmetry BTW imo
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$SPHBI High Beta index made a perfect kiss of resistance
$SPX
Read 61 tweets
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Let’s get this mini #mcm_chartstorm going

$SPX resistance - big time overhead
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$spx high beta is the new low beta & to us a canary/tell that all is not what it seems & what @cnbc pumpers are selling
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$spy $spx head & Shoulders has reached symmetry & likely complete
Read 30 tweets
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Let’s get this #MCM_CHARTSTORM started.

There are a lot of charts. Will be updating the thread into tomorrow, so if you want to see the whole thing it will not be complete till tomorrow - keep checking back.

Will also prepare a THREADVIEWER version

Let’s start with $SPX
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Here is a better version of that $COMP & $SPX (gray) chart
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How about the $COMPQ Running Correction? Its coming right along and following perfectly as well as getting ready to soon pull the rug out from underneath buyers imo $SPX
Read 61 tweets

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