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April isn't over yet. In some years the response to the buildup of liquidity is delayed by several weeks. The liquidity influx has just started. Warning Signs Abound, But Ignore Them for Now

Have a good weekend folks!

Biggest sellof for nasdaq since October 2022 (weekly). Sp500 since March. Biggest drop on NVidia since.... 2020 in pandemic. Ugly. But..... Next week looks very good. Big names Meta, Microsoft, Alphabet Tesla, Intel and many more from mag7. Could change the trend. I would close nq shorts next week if I had them hahahaa I'm all IN since Jan 2024 in oil, energy, copper and some metals. The Q is also whether to take some chips off the table.

Nuff' said....(I guess that is balanced.......)

This was the final triggered sell list from my screen of Wednesday's closing prices.

And April suppose to be good because of tax Bahahhahaha

SMCI lost 20% today. 40% from peak. Wow. So the higher for longer started kicking? Eventually?

What a ugly bitch

Nvidia - 10%

Its time to sell gold? Too hot? Netflix earnings are not good enough to hold the market. Some technical indicators point out to end of this shallow correction. It will be interesting to see how the situation develops over the next week.

I'll have some more beans Mr. Taggart. I think you've had enough! One More Rally To Go

Pundit Press is now touting the gold run...... time to exit for their shellacking so as to pick it up cheaper later.

A big overnight selloff has been reversed in the early morning hours, half way through the European trading day, and 2 hours before NY opens. The ES 24 hour S&P futures have returned from a knife plunge, back to unchanged since the NY close. The selloff resulted in a 3 day cycle low. It also broke the potential positive divergence in hourly oscillators. While they've since turned upward, the lack of a positive divergence usually means at least a test of the low, or lower low ahead before a tradable low. So I would be on the lookout for that late today or Monday. A test of strength is dead ahead with a resistance convergence on the hourly chart in the 8-9 AM hour at 5005. If they clear that, then it should be onward and upward. If they turn tail at that point, look for that test of the low. One More Rally To Go For moron the markets, see: Warning Signs Abound, But Ignore Them for Now April 16, 2024 Swing Trade Screen Picks – List Shrinks With Good Profits April 15, 2024 No More Downside April 15, 2024 Back to the Gold Old Days 4/9/24 April 9, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 2024 The End Is Not Nigh March 26, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder.

The market is in sell mode for past weeks. Stop buyin

Interesting that for the past few days there have been almost no final triggered signals on either side.

The market was down 2%. This list was down 4.8%. Since it was a list of shorts, that's a gain of 4.8% in one week . Pretty, pretty, pretty good. I chose one of them. I am an idiot. That will not happen again. I'm just gonna load the list from now on. No thinking!

Let's do a little experiment. I will show the list of the 33 sell triggers. So these are 33 shorts that could have been opened at Monday's open. Here are the results for the week as of 3:30 PM Friday, starting with Monday's opening price. ACWI.O 108.26 105.24 2.8% AI 22.19 20.84 6.1% AMH 35.79 35.09 2.0% APTV.K 74.45 69.23 7.0% ARKK.K 46.73 44.38 5.0% ARQT.O 10.18 9.65 5.2% AVDX.O 11.13 11.43 -2.7% DELL.K 119.46 117.88 1.3% DNLI.O 18.97 16.66 12.2% DYN.O 26.14 23.75 9.1% GEN.O 21.09 20.35 3.5% HCP.O 24.45 23.45 4.1% HST.O 20.14 18.60 7.6% KKR 98.81 93.85 5.0% KRE 46.85 46.05 1.7% MGNI.O 9.14 8.58 6.1% MRVL.O 71.25 65.54 8.0% NCLH.K 18.08 18.21 -0.7% NXPI.O 237.49 219.09 7.7% PK 17.24 16.12 6.5% PLD 115.18 104.22 9.5% PNC 152.40 147.57 3.2% PPL 26.83 26.57 1.0% QLD 86.40 79.17 8.4% QQQ.O 442.06 423.61 4.2% QQQM.O 181.89 174.29 4.2% RHI 72.35 69.65 3.7% SCHG.K 92.55 89.07 3.8% SHO 10.87 10.08 7.3% ST 34.87 33.86 2.9% TGTX.O 14.15 14.22 -0.5% TQQQ.O 60.20 52.81 12.3% VRNS.O 44.72 43.58 2.5% Avg 4.8% S&P 500 -2.0% 30 out of 33 winners. Showing how smart I am, I only picked ONE of the MFs to add to the list. Swing Trade Screen Picks – List Shrinks With Good Profits

you make money, 99$ don't better to miss an opportunity than access a wrong one

Any time I allow my judgment to intervene against the pure results of the algorithm I only spent 55 years developing, the result is not good. Source: Swing Trade Screen Picks – List Shrinks With Good Profits So now the support levels are breaking, and I was too impressed with my opinion on the macro to get on the train and make money this week. The macro may yet prove right starting next week, but this was obviously a playable move and I chose not to play because I am so risk averse and I did not think a move lasting 3-4 days (my guess) was worth a shot. But at least the screening algo has proven itself yet again.

That was sarcasm. Just in case you're new around here. As if. 😂😂😂

One of my better calls. Timing was impeccable.

Bullish

completely on board with your liquidity thesis, but the market does bob around inconsequentially in very short (hours/day) terms based on the bullshit. As an aside I did see the average tax refund was approx. the same, but there were many fewer refunds for which no one had an explanation. Perhaps incomes and employment are not as rosy as reported.

Hard to know how the economy is really doing, other than following the tax data. But I do not think that the stock market ever resembles the economy. It's its own entity. Its own reality.