Callum Thomas

Learnings and conclusions from this week’s charts: 1. Technically things look fairly bearish overall. 2. But recent history shows the tendency for rebounds (even during bear markets). 3. And conditions are currently looking notably oversold. 4. Yet there are some vulnerabilities being exposed in private markets. 5. There’s also still a few positive signs underneath all the pessimism. Overall, the high-level technical view looks pretty ugly. But we have a key opportunity for a rebound next week given oversold conditions, support levels, and a historical precedent for rebounds and rallies even if it turns into a more prolonged bearish episode… (click through to charts 👇) $SPX $SPXEW $SPY $ES_F $MACRO

Still not too much interest in energy stocks

ICYMI: Weekly S&P500 ChartStorm blog post chartstorm.info/p/weekly-s-and… Thanks + follow reco to chart sources @MarketCharts @TheProfInvestor @dailychartbook @MichaelKantro @TheDonInvesting @topdowncharts @IlliquidInsight @AnnaEconomist @SamRo

Best of the Weekly ChartStorm 2023: chartstorm.info/p/weekly-s-and…

Link to charts (click): chartstorm.info/p/weekly-s-and…

Learnings and conclusions from this week’s charts: 1. Technically things look fairly bearish overall. 2. But recent history shows the tendency for rebounds (even during bear markets). 3. And conditions are currently looking notably oversold. 4. Yet there are some vulnerabilities being exposed in private markets. 5. There’s also still a few positive signs underneath all the pessimism. Overall, the high-level technical view looks pretty ugly. But we have a key opportunity for a rebound next week given oversold conditions, support levels, and a historical precedent for rebounds and rallies even if it turns into a more prolonged bearish episode… (click through to charts 👇) $SPX $SPXEW $SPY $ES_F $MACRO

Weekly S&P500 ChartStorm chartstorm.info/p/weekly-s-and… This week: technicals check, un-rotation, sentiment, credit spreads, private equity, alternative credit system indicators, sector shifts, and demand destruction...

(...well not as soon as I had hoped, sick as a dog and changed timezones)

Weekly S&P500 ChartStorm coming sooon…… In the meantime, check out last week’s edition + subscribe to receive this week’s chart pack + conclusions/views: chartstorm.info/p/weekly-s-and… chartstorm.info/p/weekly-s-and…

Higher for longer oil = energy transition acceleration...

Deep value? from: chartstorm.info/p/weekly-s-and…

Crude Oil Sentiment: bulls hovering just above 50% --a lot of people don't believe the oil spike is going to last...

ICYMI: Weekly S&P500 ChartStorm blog post chartstorm.info/p/weekly-s-and… Thanks + follow reco to chart sources @MarketCharts @topdowncharts @StockCharts @MikeZaccardi @zerohedge @dailychartbook @Bluekurtic @BoringBiz_

I've been writing the Weekly S&P500 ChartStorm for over 10 years now... here's some of my favorite timeless charts from the earlier years: chartstorm.info/p/weekly-s-and…

@VolatilityQ someone should do a regression of returns and no. screens

Tech Capex Crowd-out Tech and tech related capex has ballooned to now half of all corporate capex among S&P500 companies. 👀

Link to charts (click): chartstorm.info/p/weekly-s-and…

Learnings and conclusions from this week’s charts: 1. The S&P500 has broken a key short-term support level. 2. This is from a starting point of stretched sentiment/valuations. 3. (Therefore risk of further downside is elevated.) 4. Software stocks are bouncing from cheap and oversold conditions. 5. Energy stocks are getting a geopolitical boost with room to run. Overall, the technical picture is enough to make one pause to think. With the various parallels to 2022 it certainly heightens the risk management senses. And yet there’s still some very interesting sector setups… (click through to charts 👇) $SPX $SPXEW $SPY $ES_F $MACRO $IGV $XLE

@spidoweb Good point, you can get the old crab market situation too or stealth bear market where the thing corrects in time rather than price

@Callum_Thomas Slow market corrections are very difficult to forecast. It is just a grind to the bottom for months.The past 3 years has not prepared anyone for that. Most seem to think US markets just go up and corrections are flash correct.

Weekly S&P500 ChartStorm chartstorm.info/p/weekly-s-and… This week: technical check, downside risk monitor, next steps for software stocks (technicals, positioning, valuations) and energy stocks room to run...