$LOW

Closed at 30.3k for 1.5k profits . I don't like the market much , btcusd never goes this low , so will just rebuy in again between 25 and 29k . Very little fluctuation for about 3 days . . .

i think we going to take out Nasdaq LOD. i ASSSUME THAT ALSO MEANS A NEW LOW IN $SPY

By Geoffrey Smith Investing.com -- There were fresh signs that the U.S. economy is starting to cool down on Thursday, as lay-offs hit a 10-week high and a closely watched survey of manufacturing activity took a sharp turn for the worse. Initial jobless claims rose to 218,000 from a downwardly revised 197,000 last week - ahead of forecasts and the highest weekly number since early March. Even so, the numbers are around the level last seen at the 2019 peak of the mini-boom created by then-President Donald Trump's tax cuts. Continuing claims, meanwhile, are still at their lowest level in over 50 years, falling again last week to 1.317 million. The previous week's numbers were also revised down. The low number of continuing claims are consistent with other figures showing a historically high ratio of vacancies to unemployed, suggesting that the labor market is still red hot despite the start of Federal Reserve attempts to cool it with interest rate hikes. The real economy is, however, showing clearer signs of slowing down, with department store chain Kohl's (NYSE:KSS) and the specialty apparel retailer Children’s Place (NASDAQ:PLCE) both reporting a sharp weakening in sales from March onwards on Thursday. In manufacturing, meanwhile, the main index of the Philadelphia Federal Reserve's monthly survey fell to 2.6, its lowest since June 2020 and a much sharper drop than expected from last month's 17.6. Economists had expected a gentle decline to 16.0. The sub-indices for capital expenditures and employment both fell markedly, while one positive element was that the sub-index for prices paid also came off its record high. New orders also held up at high levels. While below expectations, the data hit a market that is already well advanced in the process of pricing in a sharp economic slowdown in the latter half of this year. Stock futures pared their losses to trade down less than 1% by 9:15 AM ET, having been down by considerably more before the release. (CORRECTION: an earlier version of this story misstated the development of the new orders sub-index)

By Stella Qiu and Alun John BEIJING/HONG KONG (Reuters) - Asian stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried about global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar eased. European equity markets also looked set for another rough day. The pan-region Euro Stoxx 50 futures fell 0.52%, German DAX futures were down 0.63% while FTSE futures were 0.51% lower. Nasdaq futures eased 0.15%, although S&P500 futures reversed earlier losses to be 0.05% higher. Overnight on Wall Street, retail giant Target Corp (NYSE:TGT) warned of a bigger margin hit due to rising costs as it reported its quarterly profit had halved. Its shares plunged 24.88%. The Nasdaq fell almost 5% while the S&P 500 lost 4%.[.N] "The bounce on Tuesday was proven to have been 'too optimistic', thus the self-doubt stemming from the misjudgement only makes traders click the sell button even harder," said Hebe Chen, market analyst at IG. MSCI's broadest index of Asia-Pacific shares outside Japan snapped four days of gains and slumped 1.8%, dragged down by a 1.5% loss for Australia's resource-heavy index, a 2.1% drop in Hong Kong stocks and a 0.3% retreat in mainland China's bluechips. Japan's Nikkei shed 1.7%. Tech giants listed in Hong Kong were hit particularly hard, with the index falling more than 3%. Tencent sank more than 6% after it reported no revenue growth in the first quarter, its worst performance since going public in 2004. China's technology sector is still reeling from a year-long government crackdown and slowing economic prospects stemming from Beijing's strict zero-COVID policy, even though soothing comments from Vice Premier Liu He to tech executives had buoyed sentiment on Wednesday. Two U.S. central bankers say they expect the Federal Reserve to downshift to a more measured pace of policy tightening after July as it seeks to quell inflation without lifting borrowing costs so high that they send the economy into recession. "It must be said that the concern for inflation has never gone away since we stepped into 2022. However, while things haven't reached the point of no return, they are seemingly heading in the direction of 'out of control'. That is probably the most worrying part for the market," IG's Chen said. The U.S. dollar, which had rallied on falling risk appetite, eased 0.15% against a basket of major currencies, after a 0.55% jump overnight that ended a three-day losing streak. The Aussie gained 0.8%, while New Zealand's kiwi bounced 0.6% to, as an easing in Shanghai's COVID lockdown helped sentiment. [FRX/] Data on Wednesday showed that British inflation surged to its highest annual rate since 1982 as energy bills soared, while Canadian inflation rose to 6.8% last month, largely driven by rising food and shelter prices. Bilal Hafeez, CEO of London-based research firm MacroHive, said there was a strong bias toward safe-haven assets right now, particularly cash. "There may be short-term bounces in equities like the last few days, but the big picture is that the era of low yields is over, and we are transitioning to a higher rates environment," Hafeez told the Reuters Global Markets Forum. "This will pressure all the markets that benefited from low yields - especially equities." U.S. Treasuries rallied overnight and were largely steady in Asia, leaving the yield on benchmark 10-year Treasury notes at 2.9076%. The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 2.6800% compared with a U.S. close of 2.667%. Oil prices recovered from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth. Brent crude rose 1.2% to $110.41 per barrel, while U.S. crude was up 0.8% to $110.48 a barrel. Gold was slightly lower. Spot gold was traded at $1814.88 per ounce. [GOL/]

when you look at the chart since the first low in January. We are effectively losing about 100 points a month on the SPX. iF Cem Karsan thesis is correct we should cotinue like that for 3-6 months more ....then puke

From Silence to Humbling Hell - Major Terra Backers Keep Low Profile as the Small Guy Is 'the Biggest Loser' https://cryptonews.com/news/from-silence-to-humbling-hell-major-terra-backers-keep-low-profile-as-the-small-guy-is-the-biggest-loser.htm

overall , usdjpy closes low or high overnight evenly , so witch way is up to the market

TLRY. Potentially bullish.. for weed stocks will have to check others. Took sept 2020 low.

this is true , but i would not play a 1 million dollar account on this type of strategy , there is room for account crime in it > @Suspex said: I recommend going back on any stock with high volume or newyork trading hour asset. And take the high and low within first 15min of open. Take the first 15min candle for the Initial Balance (IB) range. I use Gann Box. Go to LTF and look how it reacts . Tight/Small IBs, expect volitility and less chance of backtest and just impulse continuation (Seen in first IB)

I recommend going back on any stock with high volume or newyork trading hour asset. And take the high and low within first 15min of open. Take the first 15min candle for the Initial Balance (IB) range. I use Gann Box. Go to LTF and look how it reacts . Tight/Small IBs, expect volitility and less chance of backtest and just impulse continuation (Seen in first IB)

adbe algn amzn Amat axon low Nvda pool TMO Trex v Wst, own a ton of the serial leaders listed

HOD - High of Day (nHOD = new high of day) LOD - Low of Day (nLOD = new low of day) EOD – End of Day. O/N – Over Night. 52s – new 52 week high. B/O = breakout. SS or S/S – short sell. Green – Price is above previous day's close. Red – Price is below previous day's close.

$PPSI low float guys... in case you want to short it, the that factored in your plan

yeah this tbh > @GbCasanova said: The way the spy is up looks like low volume. Could be one person bidding higher than someone else for 1 share.

The way the spy is up looks like low volume. Could be one person bidding higher than someone else for 1 share. > @Navneet said: why $spy is up ? dammn 407

I love that pro trade loser tweet. the same exact setup as to the left recently, higher low, above 20ema but this time it's bullish. so many fucking clowns

Very low probability, but miracles can happen on a rare occasion

low vol easy squuezing

YOU CAN SCALP AUDUSD TILL ACTIVATION.. RSI % IS LOW ON 4 HOUR TIMEFRAME

is on red but low volume

**@conorsen:** It’s a recession for the “low neutral rate economy,” the only question is how big that economy is, and how much the growth of the “high neutral rate economy” can offset it. https://twitter.com/conorsen/status/1526213900018061312

$RIDE looks most interesting of those mentioned above. Low vol compared to the last couple days, higher float, may look to start small with stop over Friday's highs.

By Wayne Cole SYDNEY (Reuters) - Asian share markets stumbled on Monday and oil prices slid after shockingly weak data from China underlined the deep damage lockdowns are doing to the world's second-largest economy. China's April retail sales plunged 11.1% on the year, almost twice the fall forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase. "The data paint a picture of a stalling economy and one in need of more aggressive stimulus and a rapid easing of COVID restrictions, neither of which are likely to be forthcoming anytime soon," said Mitul Kotecha, head of emerging markets strategy at TD Securities. "China's weaker growth trajectory will add to pressure on its markets and fuel a further worsening in global economic prospects, weighing on risk assets. We expect further CNY depreciation." In Europe, EUROSTOXX 50 and FTSE futures both eased 0.3%. S&P 500 stock futures lost early gains to drop 0.6%, while Nasdaq futures fell 0.5%. Both are far from last year's highs, with the S&P having fallen for six straight weeks. China's central bank had also disappointed those hoping for a rate easing, though on Sunday Beijing did allow a further cut in mortgage loan interest rates for some home buyers. Monday's data overshadowed news that Shanghai aimed to reopen broadly and allow normal life to resume from June 1. Chinese blue chips shed 0.8% in reaction, while commodity currencies took a knock led by the Australian dollar which is often used as a liquid proxy for the yuan. MSCI's broadest index of Asia-Pacific shares outside Japan lost early gains to stand flat, following a slide of 2.7% last week, when it hit a two-year low. Japan's Nikkei clung to gains of 0.5%, having lost 2.1% last week even as a weak yen offered some support to exporters. Sky-high inflation and rising interest rates drove U.S. consumer confidence sink to an 11-year low in early May and raised the stakes for April retail sales due on Tuesday. DOWNGRADING GROWTH A hyper-hawkish Federal Reserve has driven a sharp tightening in financial conditions, which led Goldman Sachs (NYSE:GS) to cut its 2022 GDP growth forecast to 2.4%, from 2.6%. Growth in 2023 is now seen at 1.6% on an annual basis, down from 2.2%. "Our financial conditions index has tightened by over 100 basis points, which should create a drag on GDP growth of about 1pp," said Goldman Sachs economist Jan Hatzius. "We expect that the recent tightening in financial conditions will persist, in part because we think the Fed will deliver on what is priced." Futures imply 50 basis-point hikes in both June and July and rates between 2.5-3.0% by year end, from the current 0.75-1.0%. Fears that the tightening will lead to recession spurred a rally in bonds last week, which saw 10-year yields drop 21 basis points from peaks of 3.20%. Early Monday, yields were easing again to reach 2.91%. The pullback saw the dollar come off a two-decade top, though not by much. The dollar index was last at 104.560, and within spitting distance of the 105.010 peak. The euro stood at $1.0403, having got as low as $1.0348 last week. The dollar did lose ground on the yen, which seemed to get a safe-haven bid in the wake of the China data, slipping to 129.02 yen. In cryptocurrencies, Bitcoin was last up 2% at $30,354, having touched its lowest since December 2020 last week following the collapse of TerraUSD, a so-called stablecoin. In commodity markets, gold was pressured by high yields and a strong dollar and was last at $1,809 an ounce having shed 3.8% last week. Oil prices reversed course as the dire Chinese data rekindled worries about demand. Brent lost $2.31 to $109.24, while U.S. crude shed $2.14 to $108.35.

ES bounced from A-Vwap from corona low

ENERGIES CRUDE OIL (NYMEX) CL $19,250 $17,500 $19,250 $17,500 * NATURAL GAS (NYMEX) NG $18,700 $17,000 $18,700 $17,000 * HEATING OIL (NYMEX) HO $34,650 $31,500 $34,650 $31,500 * RBOB GASOLINE (NYMEX) RB $23,650 $21,500 $23,650 $21,500 * BRENT CRUDE OIL (ICE) BRN $26,224 $23,840 $26,224 $23,840 * LOW SULPHUR GASOIL (ICE) ULS $13,532 $12,302 $13,532 $12,302 NONE E-MINY CRUDE OIL (NYMEX) QM $9,625 $8,750 $9,625 $8,750 * E-MINY NATURAL GAS (NYMEX) QN $4,676 $4,250 $4,676 $4,250 * E-MINY HEATING OIL (NYMEX) QH $18,700 $17,000 $18,700 $17,000 * E-MINY RBOB GASOLINE (NYMEX) QU $13,200 $12,000 $13,200 $12,000 * MICRO CRUDE OIL (NYMEX) MCL $1,926 $1,750 $1,926 $1,750 *

EVERYTHING IS AT A SUPER LOW

**@charliebilello:** This is the main reason why consumer sentiment is so low, as price increases have been outpacing wage increases...https://t.co/EDoTyd6SVo https://twitter.com/charliebilello/status/1525469513688416258

if it fails here...not much vol traded until low 11s for support

Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79% https://www.coindesk.com/markets/2022/05/13/grayscale-bitcoin-trust-discount-widens-to-all-time-low-of-3079/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

$AFRM low of the day

if you got everything spot on @Navneet you would be dining out with Elon Musk and asking him why his net worth was so low..... give over about ifs and buts

Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low https://cointelegraph.com/news/canadian-bitcoin-etf-adds-6-9k-btc-in-one-day-as-gbtc-discount-hits-record-low

By Andrew Galbraith SHANGHAI (Reuters) - Asian shares bounced on Friday, but were set for a second straight weekly loss and remained near June 2020 lows, while the dollar hovered near 20-year highs as investors digested worries about strong inflation and tightening central bank policy. Those concerns ultimately overcame hopes on Wall Street that high inflation might be peaking, pushing the S&P 500 close to confirming a bear market on Thursday, at nearly 20% off its January all-time high. [.N] In an interview later in the day, U.S. Federal Reserve Chair Jerome Powell said the battle to control inflation would "include some pain". And he repeated his expectation of half-percentage-point interest rate rises at each of the Fed's next two policy meetings, while pledging that "we're prepared to do more". After sharp losses a day earlier, Asian shares rallied on Friday. European equities were also set for a firmer open, with pan-region Euro Stoxx 50 futures up 1.08%, German DAX futures up 0.93% and FTSE futures gaining 0.98%. In afternoon trade, MSCI's broadest index of Asia-Pacific shares outside Japan was up around 1.8% from Thursday's 22-month closing low, trimming its losses for the week to less than 3%. Australian shares gained 1.93%, while Japan's Nikkei stock index jumped 2.64%. In China, the blue-chip CSI300 index was up 0.61% and Hong Kong's Hang Seng rose 2.22%. "We had some pretty big moves yesterday, and when you see those big moves it's only natural to get some retracement, especially since it's Friday heading into the weekend. There's not really a new narrative that's come through, " said Matt Simpson, senior market analyst at City Index. "I think there comes that point where you run out of sellers. I'm not really certain that this is going to be a buying rally at the moment, possibly a short-covering rally ahead of the weekend." The moves higher in equities were mirrored in slipping U.S. Treasuries, with the benchmark U.S. 10-year yield edging up to 2.8895% from a close of 2.817% on Thursday. The policy-sensitive 2-year yield was at 2.5924%, up from a close of 2.522%. "Within the shape of the U.S. Treasury curve we are not seeing any particularly fresh recession/slowdown signal, just the same consistent marked slowing earmarked for H2 2023," Alan Ruskin, macro strategist at Deutsche Bank (ETR:DBKGn), said in a note. The U.S. dollar remained near 20-year highs against a basket of currencies, supported by safe haven demand as Russia bristled over Finland's plan to apply for NATO membership, with Sweden potentially following suit. Moscow called Finland's announcement hostile and threatened retaliation, including unspecified "military-technical" measures. The dollar index, which tracks it against a group of currencies of other major trading partners, edged down about 0.1% to 104.65. But the greenback was stronger against the yen, which traded at 128.62 per dollar after hitting a two-week peak of 127.5 hit overnight. The European single currency was 0.1% firmer at $1.0389 after trading lower earlier in the day. Cryptocurrency bitcoin also turned higher, cracking through $30,000 after the collapse of TerraUSD, a so-called stablecoin, drove it to a 16-month low of around $25,400 on Thursday. In commodities markets, oil prices were higher against the backdrop of a pending European Union ban on Russian oil, but were still set for their first weekly loss in three weeks, hit by concerns over inflation and China's COVID lockdowns slowing global growth. U.S. crude ticked up 1.32% to $107.53 a barrel, and global benchmark Brent crude was up 1.6% at $109.17 per barrel. Spot gold, which had been driven to a three-month low by the soaring dollar, was up 0.16 % at $1,824.61 per ounce. [GOL/]

15min BOS. and its a higher low. Although its very close to equal bottom i assume it will trend up now or take the liquidity and then run

THE STOCKS WHICH ARE HOLDING UP IN TECH ARE THE LOW MULTIPLE ones...$FB $MU etc

$FB well above yesterdays low...might peform OK IN A BOUNCE

VERU is the only one moving but I think is overextended in the low side to start a play, but a swing from yesterday, fantastic!

**PivotBoss Pre-Market Video [May 12, 2022]: BTC Hits 25k, ETH Hits 1700** MAY 12, 2022 — THURSDAY AM The ES and NQ continue to sell off and are currently working toward the 100% key range targets below. Until the market capitulates, we will likely see further selling pressure ahead. Any bounces remains an opportunity to sell, until proven otherwise. Crude Oil continues to remain within its trading range. BTC finally wiped out last year's low and reached the important 25k level, while ETH has hit the significant 1700 level. So far, major reactions have occurred off these levels, as these markets are attempting to find strong lows. If today can prove to find a strong low, we may see a bounce back to the midpoint of the impulsive sell-offs we've seen over the last week. If these significant support levels can't hold, look out below.

By Marc Jones LONDON (Reuters) - Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears mounted that fast-rising inflation will drive interest rates higher and bring the global economy to a standstill. Those nerves and a German warning that Russia was now using energy supplies as a "weapon" yanked Europe's top markets down 2% (EU) and left MSCI's index of world shares nearly 20% lower for the year. The global growth-sensitive Australian and New Zealand dollars fell about 0.8% to almost two-year lows. The Chinese yuan slid to a 19-month trough while Europe's worries shoved the euro to its lowest since early 2017.. Nearly all the main volatility gauges were signalling danger. Bitcoin was caught in the fire-sale of risky crypto assets as it fell another 8% to $26,570, having been near $40,000 just a week ago and almost $70,000 last November. "We have had big moves," UBS's UK Chief Investment Officer Caroline Simmons, said referring as well to bond markets and economic expectations. "And when the market falls it does tend to fall quite fast." Tensions were stoked again as Finland confirmed it would apply to join NATO "without delay" in the wake of Russia's invasion of Ukraine, a war that has already had a major economic effect by driving up global energy and food prices. Data on Wednesday had showed U.S. inflation running persistently hot. Headline consumer prices rose 8.3% in April year-on-year, fractionally slower than the 8.5% pace of March, but still above economists' forecasts for 8.1%. U.S. markets had whipsawed after the news, closing sharply lower as Fed rate hike worries took hold again. Futures prices were pointing to another round of 0.2%-0.7% falls for the S&P 500, Nasdaq and Dow Jones Industrial later. [.N] The near 20% drop in MSCI's world stocks index since January is its worst start to a year in recent memory. "We're now very much embedded with at least two further (U.S.) hikes of 50 basis points on the agenda," said Damian Rooney, director of institutional sales at Argonaut in Perth. "I think we probably were delusional six months ago with the rise of U.S. equities on hopes and prayers and the madness of the meme stocks," he added. SELL IN MAY The main pan-Asia Pacific indexes closed down 2.5% at a 22-month low overnight. Japan's Nikkei fell 1.8%, while Indonesian shares and Hong Kong property stocks both slumped more than 3%, as did South Africa's bourse later. (T) The guaranteed returns of bond markets meant U.S. Treasuries were bid, especially at the long end, flattening the yield curve as investors braced for near-term hikes to hurt long-run growth - an outcome that would most likely slow or even reverse rate hikes. The benchmark 10-year Treasury yield, which moves inversely to prices, dropped to 2.82% on Thursday from over 3% at the start of the week, while Germany's 10-year yield, the benchmark for Europe, fell as much as 15 bps to 0.85%, its lowest in nearly two weeks. "I think a lot of it is catch up from what happened yesterday, and also there's still a lot of negative sentiment in the U.S. Treasury curve," said Lyn Graham-Taylor, senior rates strategist at Rabobank. The prospect of the fastest hike in Fed rates in decades is driving up the U.S. dollar and taking the heaviest toll on riskier assets that shot up through two years of pandemic-era stimulus and low-rate lending. The Nasdaq is down nearly 8% in May so far and more than 25% this year. Hong Kong's Hang Seng Tech index slid 1.5% on Thursday and is off more than 30% this year. Cryptocurrency markets are also melting down, with the collapse of the so-called stablecoin TerraUSD highlighting the turmoil as well as the selling in bitcoin and next-biggest-crypto, ether. A weakening growth picture outside the United States is battering investor confidence, too, as war in Ukraine threatens an energy crisis in Europe and lengthening COVID-19 lockdowns in China throw another spanner into supply chain chaos. Nomura estimated this week that 41 Chinese cities are in full or partial lockdowns, making up 30% of the country's GDP. Heavyweight property developer Sunac said it missed a bond interest payment and will miss more as China's real estate sector remains in the grip of a credit crunch. The yuan fell to a 19-month low of 6.7631 and has dropped almost 6% in under a month. [CNY/] The Australian dollar fell 0.8% to a near two-year low of $0.6879. The kiwi slid by even more to $0.6240. The euro drooped below $1.04 and the yen to 128.5 which kept the dollar index at a two-decade peak. Sterling was at a two-year low of just under $1.22 as well as economic data there caused worries and concerns grew that Britain's Brexit deal with the EU was in danger of unravelling again due to the same old problem of Northern Ireland's border. In commodity trade, oil wound back a bit of Wednesday's surge on growth worries. Brent crude futures fell 2.3% to $104.93 a barrel, while highly growth-sensitive metals copper and tin slumped over 3.5% and 9% respectively. That marked copper's lowest level since October. [MET/L]

but wether we just get a tradeable rally with a new low or a cathartic puke is the question. I must say I would rather just get a big puke day and get it over with, so I expect that not what we get

Australian Crypto ETF Listings Kick Off With Low Volumes Amid Crypto Correction https://www.coindesk.com/business/2022/05/12/australian-crypto-etf-listings-kick-off-with-low-volumes-amid-crypto-correction/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

By Tom Westbrook SINGAPORE (Reuters) - Asian stocks fell to an almost two-year low and the dollar rose to multi-year highs on Thursday as data showed U.S. inflation persistently hot, deepening investor worries about the economic toll of aggressive interest rate hikes to tame it. U.S. markets whipsawed after the news, then closed sharply lower. S&P 500 futures gave up early gains to fall 0.2% in the Asia session. European futures also fell, with EuroSTOXX 50 futures down 2% and FTSE futures down 1.6%. Bitcoin, leading a fire-sale of risky assets as rate hikes gather steam, fell 7% to $26,970. It was near $40,000 a week ago and is 60% beneath its peak six months ago. The growth-sensitive Australian and New Zealand dollars fell about 0.8% to almost two-year lows. The Chinese yuan slid to a 19-month trough. Headline U.S. consumer prices rose 8.3% for the 12 months to April, slower than the 8.5% pace of a month earlier, but higher than market forecasts for 8.1%. Traders said it underscored concern that rates will rise quickly in response. "We're now very much embedded with at least two further (U.S.) hikes of 50 basis points on the agenda. For equity markets that really is the end of free money," said Damian Rooney, director of institutional sales at Argonaut in Perth. "I think we probably were delusional six months ago with the rise of U.S. equities on hopes and prayers and the madness of the meme stocks, and suddenly were going a little bit back to what is reality," he said. MSCI's broadest index of Asia-Pacific shares outside Japan fell 2% to a 22-month low. Japan's Nikkei fell 1.7%. Treasuries were steady in Asia, but selling at the short end and a rally at the longer end has flattened the yield curve as investors brace for near-term hikes to hurt long-run growth. The benchmark 10-year Treasury yield fell six basis points (bps) overnight and dropped a further 2.6 bps in Tokyo trade to 2.8967%. The gap between two-year and 10-year yields narrowed 3.5 bps. "There should be a tipping point in how far the Fed can be pressed before odds clearly point towards a hard landing," said NatWest Markets' U.S. rates strategist Jan Nevruzi. SELL IN MAY The rates outlook is driving up the U.S. dollar and taking the heaviest toll on riskier assets that shot up through two years of stimulus and low-rate lending. The Nasdaq is down nearly 8% in May so far and more than 25% this year. Hong Kong's Hang Seng Tech index slid 1.5% on Thursday and is off more than 30% this year. Cryptocurrency markets are also melting down, with the collapse of the so-called stablecoin TerraUSD highlighting the turmoil as well as the selling in bitcoin and next-biggest-crypto, ether. A weakening growth picture outside the United States is battering investor confidence, too, as war in Ukraine threatens an energy crisis in Europe and lengthening COVID-19 lockdowns in China throw another spanner into supply chain chaos. Nomura estimated this week that 41 Chinese cities are in full or partial lockdowns, making up 30% of the country's GDP. Property developer Sunac China said it missed a bond interest payment and will miss more as China's real estate sector remains in the grip of a credit crunch. The yuan fell to a 19-month low of 6.7631 and has dropped almost 6% in under a month. The Australian dollar fell 0.8% to a near two-year low of $0.6879. The kiwi slid by a similar margin to $0.6240, though the euro and yen held steady to keep the dollar index just shy of a two-decade peak. Sterling was at a two-year low of $1.2204. In commodity trade, oil wound back a bit of Wednesday's surge as growth worries dampened fear of gas supply disruptions in Europe. Brent crude futures fell 1.3% to $106.90 a barrel. British activity and growth data is due later in the day.

First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins https://www.coindesk.com/markets/2022/05/11/first-mover-asia-bitcoin-at-16-month-low-as-ust-collapse-shows-risks-of-algo-stablecoins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

well it made a new low

if qqq makes a new low ...its off

Bitcoin price reclaims $30K as Bitcoin Cash hits fresh record low against BTC https://cointelegraph.com/news/bitcoin-price-reclaims-30k-as-bitcoin-cash-hits-fresh-record-low-against-btc

Taking a step back. What you want to see in a bottom has happened: Net hedge fund exposure is at 0 % tile and same level as march 2020. Chart below CTA exposure close to 5 year low Max hedge fund pain as can be seen from reported returns ytd and 13F filings. ARKK almost down the pandemic lows with any bubble valuations completely taken out. Heavy volume as we saw the past 2 register the 7thh and 8th highest volume days of the year AAII bull index at historic low Investor intelligence survey at close to 5 year low Hedge fund crowded long index vs spx hit 24, backtest great SPX P/E rate at 16.87, down 6 turns from high Tick Index his -1979 Friday, backtest great Nasdaq new highs minus new lows hit -1200. See chart below Correlation at extreme highs Put/Call ratio very elevated Beta of retail top 10 holdings has fallen sharply. Chart below While fundamental backdrop has improved: 5 year Inflation break evens have fallen sharply which is a major positive. 5 year inflation break evens are now the same level as when SPX was at 4800 in early January. Average hourly earnings have peaked and are now annualizing at 3.7% vs 6.3% 6 months ago. Used car prices falling as evidenced by Manheim Index Fed hawkishness has peaked. S&P 500 Earnings estimates have risen coming out of earnings season. Jobless claims remain at historic lows 10 yr yield is declining which has taken equity risk premium up to highest level since late march.