Profile picture
Todd Harrison @todd_harrison
, 10 tweets, 4 min read Read on Twitter
THREAD: a technical look at global markets. Start w $SPX 1-year and we see the obvious damage this month. Sliced thru the 50- 100- 200-day moving averages and 'bounced' to back-test the 200-day. Oversold, but we know the sharpest moves are from oversold conditions. 👇👀
2/ Pull back the aperture to a five-year lens for broader perspective...

3/ And a long-term $NDX to put the current pullback in perspective.
4/ But the real action is overseas; let's start w the $DAX 🇩🇪

If you have small children, you might want to cover their eyes. This ain't pretty.
5/ Meanwhile in 🇯🇵 the land of the double top is approaching trendline support, so we'll watch that for clues. I know charts are only one of four primary metrics (fundies, psychology, structural) but it's a great context for risk.

$NKY #Japan
6/ 🇭🇰 Hong Kong doesn't inspire confidence. Over the 30 years I've watched markets, I always keep 👀 on the Hang Seng as a proxy for EM risk appetites.

(they don't seem so hungry)
7/ 🇫🇷 One could argue that's a pretty snazzy coupe et poignée--as long as it holds 5000. Even still, in the last two weeks, 8% of the value has disappeared; voilà, just like that.👇
8/ We've got a fair amount of 🇦🇺 exposure so we keep close tabs on the land down under. It hasn't been the smoothest of tapes but it's SUPER-early (for our #cannabis holdings there) so we've got loose grips on the handle-bars.
9/ Holla to our *trailblazing* neighbors to the north - my 🇨🇦homies know who they are - and CONGRATS on 10/17 (!!) but celebrate fast b/c 👇👇

And if ya got a kick-save and a beaut, ya may wanna use it @ 15K, eh? 🏒

10/ And no walk around the 🌎 would be complete w/o checking in on 🇨🇳

And there's not much I can add to 👇

Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Todd Harrison
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!