NQ has been far more challenging due to the Distribution within Growth Sectors.
It has been extremely Complex.
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1B can have extreme VX but should be contained from 15911 to 15956.
We won't know until it trades.
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Three is a large Number of Gaps Below and only 1 above. It is difficult to believe
the 16300 will be seen in 1B Retrrracement.
Breadth is absolutely terrible.
Degenerate Carnie and Poster Child ARKK's Cathy Wood has seen Low Liquidity
TECH implode and outflows from the Fie Fund were quite large Friday.
Wood is symbolic of the Everything Distortions in TECH - MegaCaps have hidden the
shortcomings of the broader scope of TECH.
We repeatedly warned ARKK would be cut in one half at a minimum.
52 wk Range - 77.53 - 159.7
1% of ARKK's Capital exited on Wednesday.
It has with further to fall, perhaps the 64s and lower.
36.2% of the NQ 100 are now down in excess of 50%.
Hype always dies first, always.
Singularity for TECH - Concentration in Mega-Caps.
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Consumer Sentiment is driven by the Cost of Living.
Omicron is the new Delta.
No shopped for Xmas in October.
The Global Economy peaked in Q2 as we indicated.
We will see how this shakes out into March - and closely observe the Fed's Policy.
It has been extremely Complex.
______________________________________________________________________
1B can have extreme VX but should be contained from 15911 to 15956.
We won't know until it trades.
______________________________________________________________________
Three is a large Number of Gaps Below and only 1 above. It is difficult to believe
the 16300 will be seen in 1B Retrrracement.
Breadth is absolutely terrible.
Degenerate Carnie and Poster Child ARKK's Cathy Wood has seen Low Liquidity
TECH implode and outflows from the Fie Fund were quite large Friday.
Wood is symbolic of the Everything Distortions in TECH - MegaCaps have hidden the
shortcomings of the broader scope of TECH.
We repeatedly warned ARKK would be cut in one half at a minimum.
52 wk Range - 77.53 - 159.7
1% of ARKK's Capital exited on Wednesday.
It has with further to fall, perhaps the 64s and lower.
36.2% of the NQ 100 are now down in excess of 50%.
Hype always dies first, always.
Singularity for TECH - Concentration in Mega-Caps.
_______________________________________________________________________
Consumer Sentiment is driven by the Cost of Living.
Omicron is the new Delta.
No shopped for Xmas in October.
The Global Economy peaked in Q2 as we indicated.
We will see how this shakes out into March - and closely observe the Fed's Policy.