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DrStool

Honey, There's A Dead Cat on the Porch - June 12, 2020

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It's not over yet.

If the market sell off like 2019 V shape recovery then long term it will be bullish.

My bet is Nasty will go up, Book play from Y2K 

nasty-1.png

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3 hours ago, DrStool said:

Should be trillion. I did it twice. 

Should read. 

How much more? The TBAC said that $84 billion in Treasury coupon paper (notes and bonds) will settle at the end of the month. It didn’t give details on short term paper issuance, but it projected $2.68 trillion in bill issuance for the whole second quarter. $2.25 trillion has already been issued or scheduled through June 16.

With the first stimulus mostly spent and the Treasury with $1.4Tn in its account, why is it going to continue to borrow at the $400bn/month rates.  While another round of stimulus is surely coming until the ink is dried why would the Treasure continue to borrow so much?

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already  got your .38 retrace this morning, now what?

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19 minutes ago, Jorma said:

With the first stimulus mostly spent and the Treasury with $1.4Tn in its account, why is it going to continue to borrow at the $400bn/month rates.  While another round of stimulus is surely coming until the ink is dried why would the Treasure continue to borrow so much?

Campaign war chest. 

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12 minutes ago, specie said:

already  got your .38 retrace this morning, now what?

I've seen retraces stop at .50, but can't really recall anyting stopping at .38. 

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only things bouncing are complete garbage...no volume either

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If Gold takes out 1755 then breakout from consolidation.

Next week is Scam week, It won't surprise me to see 3k on spoon.

 

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In case you weren't aware, the 200 day MA is where the pullback stopped. 

If this drops below 2966, I'll stick my neck out and make the call for a new low. 

tvc_a1a39d2029fdfa258ac285bb8406f0cd.png

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That bounce was perfectly pathetic

 

AND ITS OVER

 

tvc_24346a451480570fce4f9ce76aa7f418.png

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For those of you with a perverse death wish like me that often like to trade shorter term charts, anyone have anything much different for today? 15M ES.

 

Screen Shot 2020-06-12 at 9.48.24 AM.png

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i have no short term ability at all

but

dow gold ratio will be 1

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6 minutes ago, specie said:

i have no short term ability at all

but

dow gold ratio will be 1

I think it will be lower then that. 

 

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