DrStool Posted April 28, 2021 Report Share Posted April 28, 2021 They're hanging around up here, balanced on the tight rope swaying in the breeze. How are your nerves. The indicators are hanging around just above the zero line as this sucker moves across the chasm. If this starts to break out and the indicators begin to move up, the move could be gigantic. There should be some resistance around 4195-4205, but if they surpass that, it's wide open spaces above. Trend support is right here at 4183. And around 4172. I'm not thinking about shorting unless it breaks that, and then comes up and bumps its head. Path of least resistance still appears to be up today. Markets Awash in Cash – Where, How, and How Long, Revealed LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS APRIL 28, 2021 Stock Market Gets Knocked Down But Still Packs Punch LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 Get ’em While They’re Hot – Swing Trade Picks For Week of April 26, 2021 LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 If you are a new visitor here, 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. Link to comment Share on other sites More sharing options...
DrStool Posted April 28, 2021 Author Report Share Posted April 28, 2021 2-3 day cycle projection 4175. Link to comment Share on other sites More sharing options...
DrStool Posted April 28, 2021 Author Report Share Posted April 28, 2021 Yesterday's screen game was a virtual tie with 13 buys and 14 sells. This is swing trade buy signals vs. sell signals from yesterday's action. We could still be under the influence of the 58-16 bull win from Monday's action. And that could be a second wind off the thrust of the 155 buy signals that started the 6 month cycle up phase back on March 28. That was the Big Kahuna. This is raw data. These are not recommendations. They represent charts that have triggered short term signals near key cyclical support or resistance levels. Pick through these and see if there are any that you like from your own charts. Feel free to post your charts here with comments. You can see which ones I actually pick each week by subscribing to Technical Trader. Get ’em While They’re Hot – Swing Trade Picks For Week of April 26, 2021 LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 Here is today's output. Symbol Buy Sell 500 200 125 50 ALDX.O 1 0 0 0 0 1 AON 1 0 0 0 0 1 CNHI.K 1 0 0 0 0 1 CUK 1 0 1 0 0 0 DVAX.O 1 0 0 0 0 1 FANG.O 1 0 0 0 0 1 HSBC.K 1 0 1 0 0 1 MOMO.O 1 0 0 0 1 1 NYCB.K 1 0 0 0 0 1 RF 1 0 0 0 0 1 ROKU.O 1 0 0 0 0 1 STT 1 0 0 0 0 1 TEAM.O 1 1 0 0 1 0 ARKW.K 0 1 0 0 0 1 ARMK.K 0 1 0 0 0 1 CIEN.K 0 1 0 0 0 1 CMI 0 1 0 0 0 1 DOCU.O 0 1 0 1 0 0 EWJ 0 1 0 0 1 0 LYB 0 1 0 0 0 1 SBS 0 1 0 0 1 0 SCHP.K 0 1 0 0 1 0 SPOT.K 0 1 0 0 0 1 SQM 0 1 0 0 0 1 SYF 0 1 0 0 0 1 VRTX.O 0 1 0 0 0 1 Totals 13 14 2 1 5 20 Link to comment Share on other sites More sharing options...
DrStool Posted April 28, 2021 Author Report Share Posted April 28, 2021 I rewrote the above, in case you recognized that I had copied yesterday's post prior to 9:00 AM ET. Link to comment Share on other sites More sharing options...
Jorma Posted April 28, 2021 Report Share Posted April 28, 2021 I'm trying to figure out why the Fed would be borrowing $130bn via coupon issues on Friday when on the other hand they are desperately trying to shrink their balance by paying down bills. Link to comment Share on other sites More sharing options...
DrStool Posted April 28, 2021 Author Report Share Posted April 28, 2021 The Treasury? Link to comment Share on other sites More sharing options...
Jorma Posted April 28, 2021 Report Share Posted April 28, 2021 I came across this the other day. Perhaps the greatest newspaper headline in history. I can't find a link to it anymore via Google so I suggest people save it for themselves and posterity. Link to comment Share on other sites More sharing options...
DrStool Posted April 28, 2021 Author Report Share Posted April 28, 2021 They never deviate from the coupon issuance schedule. I can't remember them doing it, other than when there's a debt ceiling impasse. It's about "market functioning." Link to comment Share on other sites More sharing options...
Jorma Posted April 28, 2021 Report Share Posted April 28, 2021 1 minute ago, DrStool said: The Treasury? Sorry. Right the Treasury borrowing. Obviously Link to comment Share on other sites More sharing options...
DrStool Posted April 28, 2021 Author Report Share Posted April 28, 2021 I do that all the time when writing my reports. Old age. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 28, 2021 Report Share Posted April 28, 2021 Well, i held my IWM shorts overnight, switched to shorting the spike on the q's... so far so good! Link to comment Share on other sites More sharing options...
Mkucstars Posted April 28, 2021 Report Share Posted April 28, 2021 I'll be out before 2pm, won't hold anything into the Fed. Been burned too many times. Link to comment Share on other sites More sharing options...
Jorma Posted April 28, 2021 Report Share Posted April 28, 2021 15 minutes ago, DrStool said: I do that all the time when writing my reports. Old age. Nah, I'm only 69. Link to comment Share on other sites More sharing options...
DrStool Posted April 28, 2021 Author Report Share Posted April 28, 2021 I'm talking about myself. 😄😄😄 Link to comment Share on other sites More sharing options...
DrStool Posted April 28, 2021 Author Report Share Posted April 28, 2021 52 minutes ago, Mkucstars said: Well, i held my IWM shorts overnight, switched to shorting the spike on the q's... so far so good! 👍 Link to comment Share on other sites More sharing options...
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