Peter Burns

Sharing Market commentary & Technical Analysis. Position Trader. Trend Follower. #Trading #Economics #Stocks #Forex. RT/Tweets = opinions not advice

[Visual Capitalist @VisualCap]

Visualizing Global Attitudes Towards AI 🤖

https://t.co/OwHuaaatD2

[Tuur Demeester @TuurDemeester]

@MrEwanMorrison lol

[Tuur Demeester @TuurDemeester]

Satoshi designed the blockchain to be a court, not a computer. Greg Maxwell nailed it years ago (2016): https://t.co/RpCgFGqFAC

[Keith McCullough @KeithMcCullough]

D-Day for the AI Guys...

$NVDA reports WED post close

Has inflated into a Top 5 US Market Cap stock, trading at 68x forward EPS

[Traderstewie @traderstewie]

I always tell the AOT community, when you're looking at a top notch trade setup, where a breakout is imminent(such as this $RIOT setup). A Red open that goes Green(R2G), will often times precede the best breakouts!

Don't be spooked by red or gap down opens, they're awesome!

[Brian Shannon, CMT @alphatrends]

Market Structure

Lot of lessons here on $ARKF
forget the symbol, forget who manages the fund, learn the lesson of the cyclical flow of money

Now is FINALLY the time to buy*
*always with a stop

VIDEO HERE 👉👉👉 https://t.co/NE58XSXKBz

[Jeff Weniger @JeffWeniger]

Low P/E stocks destroyed High P/E stocks in the inflationary 1970s.

[Holger Zschaepitz @Schuldensuehner]

Spread between #Greece's and #Italy's sovereign debt hits record low minus 45bps after PM Kyriakos Mitsotakis’s election victory. 10y Greek yield dipped by 15bps to 3.85% while Italian debt yields 4.3%. https://t.co/57b6S3Sqmf

[jeroen blokland @jsblokland]

ICYMI! The US mortgage rate has re-risen to above 7%.

[Charlie Bilello @charliebilello]

There were 190 mentions of "AI" in the Q1 earnings calls from Google, Facebook, Microsoft, Amazon, and Apple vs. 36 mentions a year ago.

[Charlie Bilello @charliebilello]

The Robotics & AI ETF closed at a 52-week high for the 4th day in a row, up 31% year-to-date. $BOTZ

[Liz Ann Sonders @LizAnnSonders]

Choppy day with split performance at sector level; Comm Serv outperformed while Cons Staples fell most (latter is in middle of pack YTD while former leads) … small caps saw nice relative bounce but continue to lag larger growth-oriented indexes YTD

[John P. Hussman, Ph.D. @hussmanjp]

😗🎶

[Steve Hanke @steve_hanke]

How many IMF programs does it take for a country to become the WORLD’S BIGGEST DEADBEAT? Look no further than Argentina. Plagued by SKY-HIGH INFLATION, it’s no wonder ARG sits in 6th place in the Hanke 2022 Misery Index. It’s time to dump the peso and DOLLARIZE.

[Charlie Bilello @charliebilello]

US Bank Deposits are down 5.6% from their peak last year, the largest drawdown we've seen since 1975.

[Hedgeye @Hedgeye]

Cartoon of the Day: (Don't Go Chasing) Waterfalls

#DebtCeiling

https://t.co/YFOgc37gp5

[Ryan Detrick, CMT @RyanDetrick]

Another clue the Oct lows are in place and won't be violated?

The S&P 500's 200-day MA is officially trending higher.

Going back to past 50 yrs, I see 10 other times this happened and not once were new lows made.

In fact, a strong higher trend was the norm.

[Aksel Kibar, CMT @TechCharts]

Inability to rebound from the 200-day average tells me there is higher probability to breach the support area between 4,424-4,200. #BIST100 #TURKEY

[Charlie Bilello @charliebilello]

There are only 4 major metro areas in the US where it's currently cheaper to buy a home than to rent: Detroit, Philadelphia, Cleveland, and Houston. The typical home in San Jose, California costs 165% more to buy than to rent, the largest premium in the country.

[Visual Capitalist @VisualCap]

Visualizing the World’s Largest Steel-Producing Countries 🔩

From @VCElements—bridging the gap between global trends shaping our future, and the raw materials powering them ⚡️

https://t.co/AsJyYwum4e