ADC

$QQQ weekly: 23 - 27 Mar Price action: oversold The Fed: turning hawkish Mkts & Narratives: Iran unpredictable, private credit problems Breadth: oversold Sentiment: approaching bearish extreme Seasonality: good in April Short-term view: looking for a bounce, but could start from lower levels open.substack.com/pub/chartnotes…

Warren Buffett’s greatest lesson: NEVER CHASE. In the market, you have time. If an exceptional company trades at insane prices, don’t buy it. Wait for an exceptional company at a reasonable price. When you find it, invest heavily. If you don’t, wait.

@Mr_Derivatives Yep, bounce conditions in place, but might start from lower down. Discussed in my Substack today - open.substack.com/pub/chartnotes…

Fear meter will hit single digits tomorrow. Somewhere between 6-9. This is probably not the best time to enter fresh shorts imho. Wait for a DCB to re-short if anything if you must.

$NAMO Nasdaq McClellan Oscillator -39.50 Every green circle on this chart marks a short-term bottom, and every single one of them came when this indicator crashed to the green line near -75 ++ Oversold? Yes. Real flush 'sell everything' day? No.

$SPX bottom on Fridays? Bespoke data on 97 corrections since 1928 shows Fridays as the 2nd-least common bottom day (15 times), after Wednesdays (10). Mondays (26) and Tuesdays (28) lead. Bear markets (20%+) follow the same pattern: Friday is least likely. $ES_F $SPY $QQQ $NYA $IWM $DIA $VIX h/t @aynirealtor

If anyone tells you that in order to be successful in trading you need to make some unknown discovery on your own... This is a lie!! - I learned about volatility contraction and progressive exposure from Mark. @markminervini. - I learned about momentum bursts and Episodic pivots from Pradeep @PradeepBonde - I learned about the importance of creating a model book for myself with 100s of past examples. As well as the idea of focusing on higher ADR stocks from Kristjan @Qullamaggie - I learned about stage analysis from Stan @StanWeinstein13 - I learned how to read and interpret COT data from Jason @Crowded_Mkt_Rpt - I learned the right side of the V concept and proper bet sizing on A+ opportunities from Lance @TheOneLanceB - I learned to think a little more contrarian from watching @TheShortBear - I learned about the flat base breakout and value in leading groups from @PatrickWalker56 - I learned about the HVC/HVE edge from @AmeetRai - I learned about trading more aggressively during high momentum periods from @DanZanger - I learned about the Undercut and rally or Double top short sale setups from Gil Morales @gilmoandco - I learned how to think about creating and implementing systems from @Peoplewish - I learned the failed follow through setup on an intraday timeframe from @InvestorsLive - I learned about the importance of prior day channels from @danshep55 - I learned about support and resistance gaps for entries from @NickDrendel - I learned about using the 50sma as a guide to measure extensions from @jfsrev - I learned about creating a daily trading plan from Marcel Link. - I learned about the CANSLIM methodology from Bill O'neal I'm sure there are many I missed but the point is: Trading knowledge is passed down from one generation to the next. But it is up to us, the trader, to implement what we have learned in a safe manner while we put together all the pieces for ourself. We live in a time where you DO NOT need to make up some magical elixir for trading in order to be successful. All the people mentioned above have found an exploitable edge in the market, and like myself relentlessly execute that edge over and over. I am personally grateful for all of the educators I've had along my journey; which is part of the reason I so willingly share any bit of knowledge I acquire along the way. The same way they all graciously imparted knowledge on me.

After U.S. forces turned China’s most advanced anti-stealth radar—the JY-27A—into little more than lawn art, Xi reportedly ordered the execution of its chief designer, Yang Wei. Engineering with Chinese characteristics…

$SPY Put Volume spiked on Friday. Previous spikes came close to marking bottoms for the S&P 500. Will this time be different?

@IfindRetards @grok is this real?

Imagine being in a room full of these insufferable retards.

@HenrikZeberg Not sure about that source

I’m certain few nations have taken notes on how to strike a US carrier. How damaging has this intelligence been to the general deterence in say South/East China Seas? That a previously perceived undefeatable military asset - may actually be defeatable? Can be overwhelmed by swarms of drones - and missiles… Some laundry fire btw!

Margin debt rose to a record high, with the rate of change reaching levels suggesting excessive speculation. Reversals from extremes, like we have seen recently, have often been associated with tops and consistent with much lower-than-average returns up to 18 months later.

@Mr_Derivatives Well, tbf, indicators are getting into bounc conditions. But wonder if the bounce starts quite a bit lower than people think...?

My newsfeed general consensus: $SPY a near term 2-4% bounce before the next leg drops down to $600-$610. Is everyone getting this too? Or what is your fintwit newsfeed feeding ya?

@McClellanOsc Great post. It's amazing how QE/QT is still so misunderstood. QE = expansionary policy, tf growth expectations up/yields up; QT = contractionary policy, tf growth expectations down/yields down.

QE is actually bearish for bond prices, based on the last 4 rounds. See mcoscillator.com/learning_cente….

Alex Newman breaks down the climate agenda in 90 seconds.

Finnish word of the day

@MarioNawfal @epictrades1 That’s the strategy, keep eliminating leaders till they find Iranian Delcy Rodrigues.

🚨🇮🇷 BREAKING: Unconfirmed reports from southeastern Tehran indicate a high-profile figure may have been eliminated. Rumors point to Mohammad Bagher Ghalibaf, Iran's parliament speaker and Washington's reported key contact for peace negotiations this week. No official confirmation. Single source. Treat with extreme caution. If true: the man America needed to sign a deal may have just been removed from the equation the same week the talks were supposed to start and the war just entered a whole new chapter, a new level of escalations. I really hope this news is not true @MOSSADil

Watch this morph into WW3

It's like the Portman meme $MSTR $HOOD

This is not complicated