THREAD: 🌎markets
🙄 🔫 me thinks too many 🐻 + 📆= 🐂 but we have rules that are not open to interpretation, personal intuition, gut feelings, hairs on the back of your neck, little devils or angels sitting on your shoulder.
So we 👀 📈📉 and start w 🇯🇵 🙀👇
🙄 🔫 me thinks too many 🐻 + 📆= 🐂 but we have rules that are not open to interpretation, personal intuition, gut feelings, hairs on the back of your neck, little devils or angels sitting on your shoulder.
So we 👀 📈📉 and start w 🇯🇵 🙀👇
2/ Over in 🇭🇰, ain't nothing going on 'cept the rent. I've learned respect for the butterflies in Hong Kong over the last ~30 years as they tend to have sensitive antennae. Been a tough year 👇
3/ 🇨🇳 is actually at a pretty important inflection point; a make-or-break moment if you will. In the Art of War vs. The Art of the Deal, 🇨🇳 is playing long-ball and the technical reaction in the near-term will help shape that forward path.
4/ 🇩🇪has all sorts of dandruff and it's freaking me out. We've discussed how the head / shoulders works (thru a pure technical lens) to $DAX 10K and I'm not sure what to say other than -- and forgive me for this -- we need to get back thru $DAX 10,800 for there to be No More 😢
5/ 🇫🇷 has one of the better charts in Europe but really really really needs to hold $CAC 5K to avoid a merde-sandwich 💩
6/ The Euro STOXX 50 is effectively Europe on the aggregate and what you see is what you get. Bulls would argue bottom end of the range while the bears will argue the trend is your friend. Either way, it's what *was* vs. what will be, as are all charts. Anyway 👇
7/ 🇺🇸 👀thru a 5-year lens and we can certainly understand why so many people are suddenly so bearish. In fact, if you have small children, you might ask them to turn away. It's not a pretty sight 👇 $SPX
8/ 🇺🇸 drilling down a bit finds the inverse head-and-shoulders that most people think is too obvious to work. But it's there till it's not and I'll share it bc someone is reading this thread for the first time and this is how U play the game. $SPX
9/ 🇺🇸 The five-year $NDX maybe spookier than $SPX given how many people are hiding in big-tech / FAANG. To think, analysts w buy/hold for:
$FB 94%
$AAPL 98%
$NFLX 93%
$GOOGL 100%
$FB 94%
$AAPL 98%
$NFLX 93%
$GOOGL 100%
10/ 🇺🇸 A closer 👀 @ $NDX shows why tech is most vulnerable w the thinnest margin for error. Higher lows are positive so long as they hold, which means there are two defined levels to help contextualize risk 👇
11/ A look under the 🇺🇸 hood via sector work. Start w the $BKX bc as go the 🐖 so goes the poke. That's an ugly break < 103 / back-test w support ~6% lower, if and when. Meh, at best.
12/ The $SOX has foot over the cliff and the other on a 🍌 peel, as the saying goes, w nasty news coming hot and heavy. $NVDA buried some bodies and those sorta moves tend to reverberate; but we'll 👀. Here, you 👀👇
13/ Similar story as biotech tries to kick-save 2018 👇 We own our fair share of biotech but $XBI -20% since September has been a drag, in more ways than one.
14/ Lots going on in the Russell chart; not much of it's good. I guess holding $RTY 1450 would be a good step toward redemption but like many of the sector indices, there's been a lot of technical damage. Facts aren't insults.
15/ I'm running out of gas so I'll leave it here. Charts better contexts vs. catalysts + peeps over-use in times of confusion which => crowded levels. Six weeks left in 2018 means one thing and one thing only into year-end: buyers are higher and sellers are lower. /end @CB1Cap
