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DrStool

FXFox Indicator Remains on Bearish Signal, Tuesday, 2/25/20

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He'll probably show up today and spoil the fun. 

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I just updated the Not QE chart. This selloff is not about Corona Bear VIrus. It's about massive Treasury issuance this week and next that Not QE doesn't come close to covering. On top of that, buyers panicking into Treasuries have caused massive liquidation of stocks. 

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That of course is CB Virus triggered. 

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I'm hoping that 2% mortality rate of the virus is too high.  It could be a lot of cases are not being reported. Some people barely get sick at all. That's the good new.  The not so good news is people don't make any difference. As long as the markets don't fall a lot is the thing that matters.  Virtually every story about the virus yesterday was about the market. The headlines all included the market swoon.  The virus might be worse than  tens of millions dead but that really doesn't matter, as long as the markets hold up. The market is everything. It's the only thing. People have nothing to do with it.

A good test of that will be if stocks snap back hard this week. By the weekend the virus stories will go to the bottom pf page one in the NY Times. Today their headline is 'Wall Street waking up', and WaPo has 'Stock markets declines in Urp'. Yea,  mostly a stinking <.5%.  It's all about  the market.

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5 day cycle projection 3200-3210 Done

 

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Support cluster 3179-89. Below that, the shit hits the fan

 

 

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This feels like a bottom. Feeling bottoms is my specialty. 

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Another thousand points of light? 

 

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