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Weekly S&P 500 ChartStorm - May 1, 2022

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Topdown Charts


  • April showered the bears with delight as most asset classes endured steep drops.
  • Inflation takes a bit out of yearly returns in both the stock and Treasury markets.
  • Nasdaq stocks have felt the brunt of the selling pressure as many constituents trade sharply off their 52wk high.
Stressed businessman feeling desperate on crisis stock market, investment concept.

Nattakorn Maneerat/iStock via Getty Images

1. Happy(?) New Month! Another month, another update to the monthly chart, now tracking clean and clear below its 10-month moving average.

2. Monthly Asset Returns: US Large Cap equities were at the bottom of the table

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Comments (5)

Topdown Charts profile picture
Check out the original post on our Substack! chartstorm.substack.com/...
We know things are getting serious when the Power Brokers will buy, but won't support, their own brand of BS.

They have tried to mount and sustain 5 rallies via futures and options buying and positive hype since last Nov. 8, and they have all failed - the last one I dare to call a big sucker rally for typical investors but was OK if played for a swing trade only, and which is the minimum the PB's expect to get out of it- so they still made good money - guess whose!

Yes, there is a cyclical nature to it, of course, but every cycle has its own unique factors, along with the always counted on proverbial classic ones.

Civil insurrection (more of it) is still a possibility in this country, along with all the geopolitical factors, and they are not minor ones.

We do live in interesting times.
Thanks for the always good charts and narrative.
Good stuff!
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