We are starting to seriously heat up.
After this weekend's scans I realized we had serious multi month breakouts starting to show in multiple spaces.
China
Biotech
secular growth
Follow through is another question, but the setups are showing. Time to be super attentive.
After this weekend's scans I realized we had serious multi month breakouts starting to show in multiple spaces.
China
Biotech
secular growth
Follow through is another question, but the setups are showing. Time to be super attentive.
This is happening while the indices are are dead lows as well.
Some players are showing incredible strength.
What we need to see now is:
•Yields peaking
•Commodities rolling over
•Commodities losing correlation to risk assets.
•Dovish turn by the FED(eventually)
Some players are showing incredible strength.
What we need to see now is:
•Yields peaking
•Commodities rolling over
•Commodities losing correlation to risk assets.
•Dovish turn by the FED(eventually)
This is happening while shorting exceeds even the 2020 crash when we thought the economies would stop all together.
While not necessarily wrong the influx of shorts could lead to violent bounces along the way. Don't underestimate the power of short rallies.
While not necessarily wrong the influx of shorts could lead to violent bounces along the way. Don't underestimate the power of short rallies.
While institutions are shorting the general exposure is the lowest it has ever been.
New inflows or even a bounce can be powerful.
New inflows or even a bounce can be powerful.
I will reiterate here.
The real question is can the indices turn from here?
If I knew that I would be ordering a yacht right now. All I can do is play my setups and manage my risk.
My setups are showing and they are in a way I have not seen in past months to a year now.
The real question is can the indices turn from here?
If I knew that I would be ordering a yacht right now. All I can do is play my setups and manage my risk.
My setups are showing and they are in a way I have not seen in past months to a year now.
Bear market rallies happen during each market downturn and the higher the short percentage the higher they become.
Given the recent short influx, be careful beating too heavily on continuous selling without relief.
chart from @MrBlonde_macro
Given the recent short influx, be careful beating too heavily on continuous selling without relief.
chart from @MrBlonde_macro
@MrBlonde_macro More graphical data to show how bearishness influences the bounces
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