#NASDAQ pulling back? Can't be…right? Double-top has formed, target would suggest a modest pullback to 9,965 where it will find support at the 55EMA. @LanceRoberts what do you think, finally going to get a pullback? $NQ $QQQ pic.twitter.com/n3jxVjUy0m
— Jim Colquitt (@jimcolquitt) July 24, 2020
Another WTF chart of the day. https://t.co/3mEP4YXU9x pic.twitter.com/MaJyAiGRL4
— Greg (@GS_CapSF) July 24, 2020
Complacency building? 50d moving average of @CBOE put-call ratio at lowest since 2000 @Bloomberg pic.twitter.com/KZQvc836tS
— Liz Ann Sonders (@LizAnnSonders) July 24, 2020
For the record:
This was the 5th largest weekly increase in initial jobless claims in 53 years!
Crazy to think stocks would be even near record valuations in such environment.
So many structural problems lurking in the economy.
They better keep printing… pic.twitter.com/4eP3Ca3Fat
— Otavio (Tavi) Costa (@TaviCosta) July 23, 2020
TEMPORARY VS. PERMANENT BUSINESS CLOSURES pic.twitter.com/NijMedonPo
— Win Smart, CFA (@WinfieldSmart) July 24, 2020
If $200 billion in state/city support "doesn't show up, governments are going to be in very serious financial trouble, and you’re going to see serious cutbacks.” https://t.co/MahrppaWWI
— Carl Quintanilla (@carlquintanilla) July 24, 2020