Top 5 Charts of the Day – March 24th 2021

24 March, 2021

A year ago, the S&P set off on its biggest 12-month rally in history. With hindsight, the Fed's bazooka was the key clue that a bottom had been reached. (h/t @DeutscheBank, Morgan Stanley, S&P)https://t.co/90AZS9HsOo via @bopinion pic.twitter.com/BtU6iVvgXO
— John Authers (@johnauthers) March 24, 2021

We've come a long way in the past few months. $BTCUSD's mkt share of global liquid markets. pic.twitter.com/sLyHVVqWid
— Teddy Vallee (@TeddyVallee) March 24, 2021

Here we go.
Commodities have been all the craze recently, but…
In order to be constructive from here, 2 things needs to happen:
1) Dollar needs to weaken further
2) Global growth momentum needs to surprise on the upside
Weak USD + strong growth = rising commodity prices. pic.twitter.com/uNWX270Lqp
— Julien Bittel, CFA (@BittelJulien) March 24, 2021

The Russell 2000 just ended its longest streak of closes above its 50-DMA in ten years. https://t.co/Wtg3LmDcRo pic.twitter.com/OxJjB3TY9m
— Bespoke (@bespokeinvest) March 24, 2021

Speculative options activity is extremely pessimistic.$QQQ Put activity now among the highest spikes in history – much higher than MAR 2020.
Traders have given up on Growth & Tech – but some key names are showing *strength*, after quietly basing for months.
Follow the trend. pic.twitter.com/4UoL8ADmgO
— Macro Charts (@MacroCharts) March 24, 2021