TocTrading (@TocTrading) profile picture
Joined March 2010
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Log-scale Bear Market Trendline Intact: (1) for daily chart or longer time frame chart, I used log-scale to ward off the price discrepancies. (2) on SPY/SPX logscale chart, today's rally was rejected EXACTLY at the trendline. (3) tmrw is do-or-die moment for both bulls and bears.
Head Fake or Not: (1) the breakout of the bear market trendline--orange--tdy is significant; though it needs a continuation tmrw to confirm its validity. (2) a hidden trendline--dotted red--originated from Covid Crash low stopped the rally. (3) two options if it drops back tmrw
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Record Shorts, heading into next week's CPI/Econ releases.
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$SPY June took no prisoners 🪦💐 S&P 500 1mo performance.
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Fixed it.
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S&P500 returns in Fed tightening cycles. Via Deutsche.
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Net Bullish Sentiment is currently at a 41.86. The last 3 major market corrections bottomed in the 30-40 range. $SPY $QQQ $TSLA $NVDA
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The crypto market selloff deepened into the weekend. Here's our latest analysis on the impact of tightening financial conditions and why we think there’s room for more downside into early next week, ahead of the FOMC meeting assets.ctfassets.net/7ca8qfn…
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Most of the froth has left the SPAC market, as the average NAV premium has fallen from 27% to 9.8% This has brought 3 benefits: ✅ Less downside risk ✅ Lower volatility ✅ Opportunity to put significant amount of capital to work at discounts to NAV
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