Chris Perruna Profile picture
Jan 19 5 tweets 2 min read
1/ Nasdaq with 817 new lows today, the most since March 18, 2020 at 1,698.

And the most since March 9, 2020, when it hit 1,406 (on the front end of that extreme run).

2,097 was peak on March 12th

That extreme run went from March 9th to March 18th

$COMPQ
2/ Look at the Nasdaq daily % change between March 9th and March 27th.

Insane up and down days - this is the exteme flush I often refer to. We haven't had this yet, with regards to the indexes. Growth has had it.

Largest down day: -12.32%
Largest up day: +9.35%
3/ The 2018 $COMPQ lows, for comparison
4/ Jan 2016 $COMPQ
5/ Nov 2008 $COMPQ

• • •

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

Keep Current with Chris Perruna

Chris Perruna Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @cperruna

Jan 3
🧵Stocks to Watch 2022

$ABNB $AFRM $APPS $ASAN $COIN $CURI $DDOG $DOCN $GENI $GLBE $INMD $MQ $NET $OPRX $RBLX $SI $SOFI $U $UPST $ZI

Detailed Blog Link:
chrisperruna.com/2022/01/02/sto…

Detailed analysis for each individual stock is within this thread, via a screenshot from the blog.
2/ Please understand that I have several portfolios that I manage for my family:

1. Growth Portfolio (active)
2. IRA Portfolio (passive)
3. Index Funds (passive)
4. Crypto Portfolio (active & passive)

I diversify my net worth across active & passive investment portfolios.
3/ This year’s list contains 20 growth names to watch in 2022.

That is ALL this list is, a personal watch list that can and will change over the course of the year, so please do not take it as a recommendation to buy, hold or sell any security.

It is NOT my growth portfolio!
Read 30 tweets
Dec 5, 2021
🧵 The Signs Were There!

"Some things cannot be taught; they must be experienced"

The growth stock over-valuation signs were obvious.

Experience gives one an intangible feel for the market.

It really helped me save money this time.

10 Tweets from September October & November
1/ Sept 27

A divergence in market indexes vs underlying breadth (i.e: new highs & new lows) is essentially saying:

"Do what I'm doing, not what the averages say I'm doing"

Individual stocks often give the tip before the indexes follow the move.

2/ Sept 30

Nasdaq - 8 Distribution Days in September!

Technically, the market is in a correction!

The market has caught up to the weak breadth that we have been tracking since July.

One always reverts to the other!

200d ma support is a key level.

Read 11 tweets
Nov 30, 2021
🧵 Beware Stage 4 | The Declining Phase

A period when the factors that maintained a stock's price during the topping phase give way to the fatigue & pressures of sellers.

Lots of examples:
$FVRR
$TDOC
$PTON
$PDD
$GRWG
$PINS
$ROKU
$DKNG
$ZM
$RDFN
$PYPL
$FSLY
$COUP
$CHGG
$STNE
2/ $FVRR
3/ $TDOC
Read 17 tweets
Oct 20, 2021
1/ Occasionally I zoom out to the monthly charts to cancel the "shorter term" noise and view what some winners are doing:

Using the 9 month average in these charts (approx the 200d ma).

$SHOP $ETSY $IIPR $MDB $TTD $CRWD $NET $SE $SQ $ROKU
2/ $SHOP
3/ $ETSY
Read 11 tweets
Oct 18, 2021
Q: How do we identify winners?

Fundamentals & Technicals!

Sales & EPS growth QoQ & YoY, 25%+
Institutional sponsorship growing quarterly

Positive Chart action: above major moving averages & trending higher.

Nothing is guaranteed but the above tilts the odds in your favor.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


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

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(