1/7 I recently mentioned that I was concerned by the unusually high NASDAQ volume relative to NYSE volume. This is how I used to measure it back in the day: walterdeemer.com/nqny452.htm2/ @mark_ungewitter helped me recreate it. This is a long-term chart of it:
Dec 30, 2024 • 10 tweets • 3 min read
1/10 I’m becoming more and more concerned by how the market resembles 1972, when the Nifty 50 one-decision growth stocks, heavily-weighted in the averages, went up but almost nothing else did. Because that one didn’t end well at all.
2/ Why focus on the Nifty 50 and not the dot com bubble in 2000? Because the Nifty 50 had earnings -- past, present and future. Most dot com stocks didn’t.
Jan 1, 2023 • 12 tweets • 2 min read
A Look Into 2023 [Thread]
1/ The Conference Board, Dec. 22: “We project a US recession is likely to start around the beginning of 2023 and last through mid-year.”
Mar 20, 2022 • 7 tweets • 2 min read
1/ A thread for those who asked about Whaley Breadth Thrusts:
In my opinion, they are extremely significant. I’ve felt that way ever since reading Wayne’s award-winning paper from 2010: docs.cmtassociation.org/pdfs/dowaward-…2/ What makes them so valuable is that Whaley Breadth Thrusts are generated in only five days. “Thrusts” that develop over a shorter timeframe have much less significant results, and it takes ten days to generate Breakaway Momentum.
Mar 23, 2021 • 4 tweets • 2 min read
The problem with ARK, IMO, is that even though they’ve identified the most innovative companies in the world there is a limit as to how much investors should pay for even the greatest company’s stock.
This is a memo I wrote during the height of the “dot.com bubble”, which I think gives you a pretty good feel of what the prevailing “Cisco at any price” sentiment was like at the time: deemermarketmemos.com/archive/2000s/…
