Thomas Thornton

Thomas Thornton

Former portfolio manager, senior trader, and technical analyst with Level Global Investors and Galileo Capital. Tom has written a daily market note for a select group of hedge fund managers for years and now has offered it for all investors with Hedge Fund Telemetry. His long term focus on sentiment indicators borders on the obsessive. Our growing team at Hedge Fund Telemetry is comprised of current and former buy and sell side individuals. Our goal is to add something to one’s own process through our lengthy market experience. We are known for our work with market sentiment as well various technical indicators we use each day in our risk management process.

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First Call May 24, 2022

First Call May 24, 2022

  • Equity futures are down after SNAP guided lower yesterday afternoon
  • Concerns over the macro backdrop continue to weigh on the market
  • BBY is not as bad as feared, ZM is better than expected.  
  • I’m on Real Vision’s Daily Briefing today at the close
Do Not Be A Tanya

Do Not Be A Tanya

  • Equity indexes are rising sharply led by financials… yeah financials!
  • Nasdaq is lagging with a weak consumer discretionary sector
  • Thoughts on monetizing gains with a pathetic story
  • I have some comments on crypto supporters
  • Adding some more long exposure on the Trade Ideas Sheet
  • A lot on this note so don’t miss it
Mid Morning May 23, 2022

Mid Morning May 23, 2022

  • The S&P is leading today with financials and energy very strong
  • Tech is up but the NDX is whippy and hard to make a call with any conviction right now
  • No new Trade Ideas on this note as there are a lot on the sheet that are still actionable
First Call May 23, 2022

First Call May 23, 2022

  • US equity futures are up ahead of the open following Europe and most of the Asian markets
  • The US Dollar is lower and the pullback developing over the last week is now accelerating
  • I remain constructive on the equity makets
Commodity Weekly May 22, 2022

Commodity Weekly May 22, 2022

  • Overall commodities have traded sideways after the Ukraine spike
  • Energy has a weekly DeMark sell Countdown 13
  • Metals need to hold this support and lack upside momentum
  • More on grains, softs too 
Currency Weekly May 22, 2022

Currency Weekly May 22, 2022

  • The main theme of US Dollar strength is being tested
  • European crosses are trying to turn while sentiment doesn’t confirm it yet
  • Yen strength also seen on the main Yen crosses