DrStool Posted June 4, 2020 Report Share Posted June 4, 2020 Good Morning. It's May 35, 2020 and here's how it looks today. Link to comment Share on other sites More sharing options...
jp6 Posted June 4, 2020 Report Share Posted June 4, 2020 Yesterday there was Panic in the Air, By end of week stocks would have made very little gains. Those crooks are very smart. Link to comment Share on other sites More sharing options...
DrStool Posted June 4, 2020 Author Report Share Posted June 4, 2020 The .786 fiber nacho reflux level of the entire selloff on the ES is 3131.74. The high of yesterday's bar was 3129.50. First bounce pivot high on the way down was 3137. There were also multiple trendlines around the level of yesterday's peak. Of course, they're all rising. But there was at least some reason to expect a pullback. ES needs to close below 3087 today to break the 3 week uptrend channel on the daily. The uptrend line from the bottom is around 3030 today. Link to comment Share on other sites More sharing options...
DrStool Posted June 4, 2020 Author Report Share Posted June 4, 2020 10 Year Treasury Yield broke its 13 week MA but has not yet cleared the range. Massive implications if it does. See Here’s Why Fed’s Alphabet Soup Programs Don’t Matter While Balance Sheet Balloons 1 - LIQUIDITY TRADER JUNE 3, 2020 The line items of the Fed’s Pandemic Panic Emergency Programs get a lot of media and anal cyst attention these days. What a waste of time and energy. Let me explain why. Subscribers, click here to download the report Not a subscriber yet? Get this report and access to all past and future reports risk free for 90 days! Link to comment Share on other sites More sharing options...
jp6 Posted June 4, 2020 Report Share Posted June 4, 2020 Jeff Snider: Huge Money Printing Speaks For Itself, So Why Is Jay Powell Trying To Sell It So Aggressively? https://www.macrovoices.com/podcasts-collection/macrovoices-all-stars-podcasts/854-all-stars-107-jeff-snider Link to comment Share on other sites More sharing options...
fxfox Posted June 4, 2020 Report Share Posted June 4, 2020 Coronavirus: ECB adds €600bn in bond-buying firepower to tackle crisis https://news.yahoo.com/coronavirus-ecb-interest-rates-600-billion-in-bondbuying-firepower-to-tackle-crisis-115021284.html Link to comment Share on other sites More sharing options...
jp6 Posted June 4, 2020 Report Share Posted June 4, 2020 13 minutes ago, fxfox said: Coronavirus: ECB adds €600bn in bond-buying firepower to tackle crisis https://news.yahoo.com/coronavirus-ecb-interest-rates-600-billion-in-bondbuying-firepower-to-tackle-crisis-115021284.html Nothing Like Janet Powell. Probably why Euro is doing good. W shape recovery? Possible 1.25? It's going to cost more for Americans to visit Link to comment Share on other sites More sharing options...
specie Posted June 4, 2020 Report Share Posted June 4, 2020 my nachos said 3136 but whatever - trendline and retrace together might work right here - jobs noise tomorrow so maybe a blast higher and then reverse Link to comment Share on other sites More sharing options...
jp6 Posted June 4, 2020 Report Share Posted June 4, 2020 4 minutes ago, specie said: my nachos said 3136 but whatever - trendline and retrace together might work right here - jobs noise tomorrow so maybe a blast higher and then reverse 300 points in 3 months so it's not going to go up every week. Panic buying then consolidation. There is that Gap filling to do and more time wasting before another panic buying.. Link to comment Share on other sites More sharing options...
Jorma Posted June 4, 2020 Report Share Posted June 4, 2020 $56.1bn repos today but only 16.5 are Treasuries, the rest MBS. Meanwhile lurch up in TNX to 7.90 Link to comment Share on other sites More sharing options...
DrStool Posted June 4, 2020 Author Report Share Posted June 4, 2020 1 hour ago, jp6 said: Nothing Like Janet Powell. Probably why Euro is doing good. W shape recovery? Possible 1.25? It's going to cost more for Americans to visit I might not be able to afford to stay. Link to comment Share on other sites More sharing options...
DrStool Posted June 4, 2020 Author Report Share Posted June 4, 2020 1 hour ago, specie said: my nachos said 3136 but whatever - trendline and retrace together might work right here - jobs noise tomorrow so maybe a blast higher and then reverse I input the high and low on the ES fucutures. Link to comment Share on other sites More sharing options...
DrStool Posted June 4, 2020 Author Report Share Posted June 4, 2020 27 minutes ago, Jorma said: $56.1bn repos today but only 16.5 are Treasuries, the rest MBS. Meanwhile lurch up in TNX to 7.90 Why would the type of collateral make any difference? Someone else raised the issue. Maybe I'm missing something. Link to comment Share on other sites More sharing options...
Jorma Posted June 4, 2020 Report Share Posted June 4, 2020 10 minutes ago, DrStool said: Why would the type of collateral make any difference? Someone else raised the issue. Maybe I'm missing something. I suppose it makes no dif but the relative size of the holdings must be massively skewed to the Treasury side so there must be a reason they choose MBS. Or by perhaps faulty logic, if it doesn't make any difference then why so few Treasuries? If it doesn't make any difference then why the difference? Don't answer. It's all off in the weeds. Link to comment Share on other sites More sharing options...
DrStool Posted June 4, 2020 Author Report Share Posted June 4, 2020 I'm not interested in the collateral. Just wondering why it would matter. I can't think of a reason. It's just collateral. It could be pink pigshit. The cash is what matters. Link to comment Share on other sites More sharing options...
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