Jump to content
  • Today's US Market and Custom Charts

    Follow the market or quickly make your own custom chart.

    SCROLL DOWN TO COMMENTS

     
     

Sign in to follow this  
DrStool

Stock Market Still In Uptrend, My Mood Isn't 4/23/20

Rate this topic

Recommended Posts

We already know that next Monday and Tuesday the Treasury is gong to pound the market and that the FED won't pump enough. So the market should go down. But even for that circumstance they gonna find a solution. Which one? Who knows.

Share this post


Link to post
Share on other sites

What if, “Sell in May & go away” has had it backwards all these years?

And in fact, the dynamic is, “Go away & sell in May.” 

If Wall Streeters are stuck sheltering in place, they can’t go away to their second homes and elsewhere. 

So, they don’t sell; they trade. 

Share this post


Link to post
Share on other sites
1 hour ago, fxfox said:

When was the last time market went down when jobless claims were actually worse than expected? Was crystal clear that we'd go up no matter how bad the number would be.

Now they are preparing the bomber squad for FULL ASSULT on bears once the new home sales figure comes out. They gonna kill the last bear today and hang him at the corner at Wall Street. It will be a scene like that one when they did hang Mussolini.

Colorful. I like it. 

Share this post


Link to post
Share on other sites
Quote

On the other hand, an hourly close above 2805, could trigger a move to 2825-35, where they’d start to run into resistance again.

...

If the market clears 2808, it would be a triangle breakout. These are typically explosive. 

https://wallstreetexaminer.com/2020/04/right-shoulder-right-shoulder-roll-over-roll-over/

Share this post


Link to post
Share on other sites

This is dzackly what I said. Air from 2808 to 2830. 

tvc_b9e147ff30dc4edfd75ebed85f76c474.png

Share this post


Link to post
Share on other sites

And indicator buy signals from above the zero line. It doesn't get more bullish. 

Share this post


Link to post
Share on other sites

I just found a TL at 2822 on the wuczrs. 

I need more Kellers. 

tvc_ee6d65a2d9f5e66702647aa14523a96c.png

Share this post


Link to post
Share on other sites

Bitcoin - the "we are awash in liquidity" indicator - explodes to the upside.

Share this post


Link to post
Share on other sites

We're at the 61.8 fibber nacchis. 

Share this post


Link to post
Share on other sites

When they say "smart money goes out, idiots will hold the hot potatoe" than I ask: Where should "smart money" go these days?

Gold? Get's confiscated by the state at certain point, like in 1934. No option.

Foreign stocks? Idiotic.

Bonds? Are you kidding?

Real Estate? Malls will be dead in 10 years. Senseless.

So, where will smart money stay? Right. In stocks.

Share this post


Link to post
Share on other sites

5 day cycle projection 2860

Share this post


Link to post
Share on other sites

A case can be made for 2840. I like our chances here. 

tvc_030d9928d070a8c054d2a38c15c3a67e.png

Share this post


Link to post
Share on other sites
38 minutes ago, DrStool said:

We're at the 61.8 fibber nacchis. 

No. That one is at 2935. Not at 2835.

Share this post


Link to post
Share on other sites
29 minutes ago, fxfox said:

When they say "smart money goes out, idiots will hold the hot potatoe" than I ask: Where should "smart money" go these days?

Gold? Get's confiscated by the state at certain point, like in 1934. No option.

Foreign stocks? Idiotic.

Bonds? Are you kidding?

Real Estate? Malls will be dead in 10 years. Senseless.

So, where will smart money stay? Right. In stocks.

A lot of misinformation regarding the gold confiscation argument. We are not on a gold standard. It could easily happen in the ETF world since they can cash settle. But this is not confiscation. In fact, supposedly most gold is held this way and a cash settle would trigger a taxable event. Government gets the metal and the tax revenue. That is why I tell people to stay out of so called metal ETFs.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!

    Support your local Stool Board.

  • Market Data

×
×
  • Create New...