Technical consultant for Argus Research. Head Technician @ S&P for 20 yrs. Shortlisted as one of best technicians in '13. Newsletter info: [email protected]
$GOLD & $BITCOIN both breaking to new bear market lows. Risk on: First it was #BTC, then #GOLD, then AI (mostly semis, but plenty of smaller, much riskier stocks).
AAII got progressively more bearish from 2003 until 2007. There were weeks in 2007 when participants in this poll were very bearish. They were eventually correct. Think this had to do with the housing market. No, not saying this is 2007.
Best evidence we aren't topping here...
In my career (I'm officially an adult as I started full time in 07' & 2010 on my own) I've never seen a market top in ANY meaningful way with sentiment that looks like this.
Normally this would suggest we have a way to go but more to the point sentiment to me is more about mood/environment (which can get WAY out of whack) than a timing signal. It tells me that most are doubting this rally still here and that macro stuff still has a lot of managers sitting on their hands.
$TNX 10-YEAR TREASURY YIELD. I'm hearing 4.5% is critical for stocks. Next person: I think 4.75% is critical for stocks. Been there, done that. #GMAFB At least the compression is something to talk about. Or not.
$TNX 10-year Treasury yield just ain't moving like market locked. Tightest weekly $bollingerband width since August 2018 and then May 2007. This tight BB was very common from 1962 (when my data started) until 2008. Sooner or later.....
🚨BREAKING: Ilhan Omar is DONE! The rats are scattering and most of them are BEGGING reporters to hear their stories!
Whistleblowers now confirm her campaign funneled a massive amount of money to her husband’s firm while Somali-linked networks in Minneapolis ran one of the biggest COVID relief fraud schemes in history, hundreds of millions stolen.
She knew. She benefited. She covered for them.
This isn’t “community outreach.” This is corruption on steroids.
Do you support revoking Ilhan Omar’s citizenship and DEPORTING her out of America immediately?
A. Huge Yes
B. No
IF Yes, Give me a THUMBS-UP👍!!
MAKE THIS GO VIRAL ON 𝕏. LET’S GO 👏
Have you ever thought about what we saw last night? In this frame screaming at the State of the Union is a Somalian, a Hamas supporting woman of Palestinian descent and a man pretending to be a woman! This is the Democrat Party!