Resource/Defensive Shakeout and Pivot Supports

2022-04-26

Over the weekend we outlined Friday's downturn in defensive sectors and the crowded commodity unwind to unfold led by the AUD support break.

Over the weekend we outlined Friday's downturn in defensive sectors and the crowded commodity unwind to unfold led by the AUD support break.
Resources plays, base metals, steel, gold and to a lesser extent energy are all seeing mounting sell pressure with impulsive downside moves. Key support breaks will damage breadth.
Safe havens coming under pressure as markets enter a more mature stage of a decline, often leads to bigger out of range moves and varying degrees of panic selling.

By Thomas Schroeder - https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community

On BHP Group Ltd (BHP AU) - https://www.smartkarma.com/entities/bhp-group-ltd?utm_source=tiger_community

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

matthew_more
2022-04-26
matthew_more
S‌omeone lost 300k on alibaba in a single day

Watch at sgFIREmovement on youtube
JLKang
2022-04-26
JLKang
Yes. Strong USD will lead to weaker commodities. This will lead to weaker AUD as well
_J_R_
2022-04-26
_J_R_
Thank you for sharing this
whitewolf69
2022-04-26
whitewolf69
thanks for the article
yongjie1995
2022-04-26
yongjie1995
Good
tig2021
2022-04-26
tig2021
pk

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Key support breaks will damage breadth.</li> \n <li>Safe havens coming under pressure as markets enter a more mature stage of a decline, often leads to bigger out of range moves and varying degrees of panic selling.</li> \n</ul> By Thomas Schroeder - https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community On BHP Group Ltd (BHP AU) - https://www.smartkarma.com/entities/bhp-group-ltd?utm_source=tiger_community</body></html>","htmlText":"<html><head></head><body>Over the weekend we outlined Friday's downturn in defensive sectors and the crowded commodity unwind to unfold led by the AUD support break. <ul> \n <li>Over the weekend we outlined Friday's downturn in defensive sectors and the crowded commodity unwind to unfold led by the AUD support break.</li> \n <li>Resources plays, base metals, steel, gold and to a lesser extent energy are all seeing mounting sell pressure with impulsive downside moves. Key support breaks will damage breadth.</li> \n <li>Safe havens coming under pressure as markets enter a more mature stage of a decline, often leads to bigger out of range moves and varying degrees of panic selling.</li> \n</ul> By Thomas Schroeder - https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community On BHP Group Ltd (BHP AU) - https://www.smartkarma.com/entities/bhp-group-ltd?utm_source=tiger_community</body></html>","text":"Over the weekend we outlined Friday's downturn in defensive sectors and the crowded commodity unwind to unfold led by the AUD support break. Over the weekend we outlined Friday's downturn in defensive sectors and the crowded commodity unwind to unfold led by the AUD support break. Resources plays, base metals, steel, gold and to a lesser extent energy are all seeing mounting sell pressure with impulsive downside moves. Key support breaks will damage breadth. Safe havens coming under pressure as markets enter a more mature stage of a decline, often leads to bigger out of range moves and varying degrees of panic selling. By Thomas Schroeder - https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community On BHP Group Ltd (BHP AU) - https://www.smartkarma.com/entities/bhp-group-ltd?utm_source=tiger_community","highlighted":2,"essential":1,"paper":2,"likeSize":84,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/9087937206","repostId":0,"isVote":1,"tweetType":1,"viewCount":1827,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":718,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101431789,"commentId":"101431789","gmtCreate":1650943571524,"gmtModify":1663247822343,"authorId":3581997167851982,"author":{"id":3581997167851982,"idStr":"3581997167851982","authorId":3581997167851982,"name":"matthew_more","avatar":"https://static.tigerbbs.com/c4566c4167a9a5615aede93850767811","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9087937206,"objectIdStr":"9087937206","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"S‌omeone lost 300k on alibaba in a single day \n\n \n\nWatch at sgFIREmovement on youtube \n\n \n\n<t-t type=\"img\" src=\"https://community-static.tradeup.com/news/d668f4d7dbec32e2f06ce07bd63a16b2\"></t-t>","text":"S‌omeone lost 300k on alibaba in a single day \n\n \n\nWatch at sgFIREmovement on youtube \n\n \n\n<t-t type=\"img\" src=\"https://community-static.tradeup.com/news/d668f4d7dbec32e2f06ce07bd63a16b2\"></t-t>","html":"S‌omeone lost 300k on alibaba in a single day \n\n \n\nWatch at sgFIREmovement on youtube \n\n \n\n<t-t type=\"img\" src=\"https://community-static.tradeup.com/news/d668f4d7dbec32e2f06ce07bd63a16b2\"></t-t>","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101431721,"commentId":"101431721","gmtCreate":1650943387445,"gmtModify":1663247821434,"authorId":4094622337222610,"author":{"id":4094622337222610,"idStr":"4094622337222610","authorId":4094622337222610,"name":"JLKang","avatar":"https://static.tigerbbs.com/33ab643c577c9cadc6055155d6382c3a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9087937206,"objectIdStr":"9087937206","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Yes.&nbsp; Strong USD will lead to weaker commodities. 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