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DrStool

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Everything posted by DrStool

  1. If they don't start filling that gap soon, time to gitouttadodge.
  2. The reactivity of this market to news has made it, for me, untradeable.
  3. BINGO! As reported here https://liquiditytrader.com/index.php/2022/11/30/bears-beware-money-managers-are-finally-spending-their-rrp-slush-fund/.
  4. Sell! NO BUY! NO SELL! I DON'T KNOW WHAT TO DO! FOcK ME!
  5. I have set this hourly chart of the ES, S&P 500 24 hour fuguetures, so that you can see the long term trendline extension from the January top through a couple of peaks on the way down. I'll give an overview of that, along with big picture implications, in Monday morning's Technical Trader update. https://liquiditytrader.com/index.php/category/technical-market-timing/ But for now we're looking at 4122 or so. The 5 day cycle projection also points to around 4120. The numbers to watch in the premarket are 4080 and 4085. Clearing those should ignite the rocket boosters. I would add that I think that bears would only have a shot here if they can keep this rally below 4090. 4085 would be better. Meanwhile, Poowell said that the Fed is going to dial back the rate increases to 50 BP from 75, as if the Fed is "setting rates." Fact is that over the past 6 weeks the bellwether 13 week bill rate has risen by... drumroll please... 50 basis points. In other words, the Fed is still following the market, not leading it. Note also that neither the 13 week or 4 week bill rates have broken their uptrends. Market interest rates are not causes. They are effects. They are meters of monetary tightness. There's no indication in this chart that that tightness is easing. The bull runs in stocks and bonds are swimming upstream. Bears Beware, Money Managers Are Finally Spending their RRP Slush Fund November 30,2022 For moron the markets, see: Bears Beware, Money Managers Are Finally Spending their RRP Slush Fund November 30,2022 Swing Trade Screen Picks – Read My Lips, No New Longs (A Few More Shorts) November 28, 2022 Major Inflection Point Here to Determine Whether Bull or Bear November 28, 2022 Gold and Miners, Pullback Looks OK November 23, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 2022 The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022 Bond Market Rally is Technically Valid but Belies the Facts November 12, 2022 Bad News for the Markets – Not Just Withholding Boomed in October November 3, 2022 Surge in Withholding Tax Collections in October Indicates Faster Jobs Growth November 2, 2022 Bear Market Isn’t the Mirror of a Bull October 31, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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 filter.
  6. The lines at 4058-60 are meaningless. They've been busted repeatedly both drecksions.
  7. Gold is Having a Bull Movement LEE ADLER 3 - GOLD TRADER DECEMBER 1, 2022 Gold is making orderly progress toward a year end or Q1 2023 target of xxxx-xxxx on the daily chart. Charts of the miners look full of potential as they emerge from massive bases. I have added a few more miner picks to the swing trade list. Subscribers, click here to download the report. Non-subscribers, click here for access.
  8. He really gave it to the bears yesterday. I'm laughing because I had no idea this was coming, but I spent the morning updating my trading alerts. Multiple buys were triggered as soon as the text of his comments hit the tape. All my shorts got covered, and a bunch of longs got opened. So I ended up having a good day indeed. But beyond that, yesterday was horseshit. Everybody, even you guys who have taken the punishment of my harangues for the last 22 years are all hung up on interest rates, and the Fake Funds target rate. This is a sideshow, a red herring, only relevant to day trading addict punks like ourselves. Interest rates, real market interest rates, like freely traded T-bill yields, are merely a measure of monetary tightness. And monetary tightness is determined by SUPPLY of securities versus demand for those securities. And demand is determined by CAISH! Cold hard, electronic caissse in the trading accounts of dealers and banks and ordinary blokes like Bill Ackman and George Soros, and Teddy Bridgewater, and Tom Brady. Ordinary folks just like you and me. And who makes that CAISH? DA Fed, and it's Big Three cohorts in crime, Lord Poowell, Pristine LaGuardia, and Ben B Kuroda. And they ain't makin any more of it. But the US Treasury, and fellow governments around the world need more of it, and more and more all the time. So they keep issuing gazillions in debt paper that the market must absorb. And it must do it all the while that central banks are not giving buyers in the market the ability to pay. Under the circumstances, all rallies, driven by the springing of hope eternal, must fail, as will this one. Perhaps as soon as today. For now, I remain the long dong, with stopouts trailing this ride, but I'll be setting up my short trade alerts as soon as I finish the Gold Trader update over at LIquidity Trader - https://liquiditytrader.com/index.php/category/precious-metals/. Meanwhile, you degenerate trading junkies, enjoy the ride, but be ready to dismount. And put this in yer pipe and smoke it. Daily bars on the ES, 24 hour S&P fuguetures. And the usual hourly bars. For moron the markets, see: Gold is Having a Bull Movement December 1, 2022 Swing Trade Screen Picks – Read My Lips, No New Longs (A Few More Shorts) November 28, 2022 Major Inflection Point Here to Determine Whether Bull or Bear November 28, 2022 Gold and Miners, Pullback Looks OK November 23, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 2022 The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022 Bond Market Rally is Technically Valid but Belies the Facts November 12, 2022 Bad News for the Markets – Not Just Withholding Boomed in October November 3, 2022 Surge in Withholding Tax Collections in October Indicates Faster Jobs Growth November 2, 2022 Bear Market Isn’t the Mirror of a Bull October 31, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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 filter.
  9. Just so you know, the moment of truth for this rally tomorrow will be 4167-70, if it gets there. Ciao! And now, in the immortal words of the great John Facenda, Do have a nice night, and a good day tomorrow. Good night all.
  10. The banks are the walking dead. They have massive losses in their not marked to market bond portfolios which are the bulk of their assets. Absolutely frantic short covering here.
  11. This is an exclamation point to a point I made in today's report. Bears Beware, Money Managers Are Finally Spending their RRP Slush Fund
  12. These people are completely insane. However, I got 100% long in my trading account before Powords, so I should not complain. Never splain, never complain. Tuna.
  13. Regardless of whatever stupid trigger started this, it's a good bottom if it holds above 3980. Definitely worthy of a good squeeze.
  14. Yes, it is salad Nicoise, but the people who eat it all the time are known as Tunaisiens.
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