Jump to content

If You Meet Captain Kurtz on the Road, Kill Him 7/19/21


Recommended Posts

Because he's a knockoff.  

4 hours ago, Jimi said:

Captain Kurtz meets Robert Pirsig.

That's what comes to mind when reading about your passage through Poland, Doc.

May you find what you seek.

Meanwhile, it's the middle of the night in New Jerk, Asia is in later afternoon trading, and Your Rope has yet to open. As usual, Asia has copied the US market and continued the selloff. They've almost reached an apparent 5 day cycle projection of 4290, and 5 day cycle indicators are getting bottomy, or, rather, bottomish.  No doubt Europe will reverse the overnight selling as the Europeans tend to be an optimistic bunch about the US fucutures. They also happen to be swimming in an ocean of ECB QE.

tvc_15c9676fbc8e41715e50629bc59c2c27.png

 

Finally, we have the rest of the Fed's regular monthly MBS settlements, coming today and Wednesday, around $40 billion across the two days, on top of last week's $83 billion. Most of that was funneled into the Treasury market. There's evidence to suggest that that has run its course. I'll be posting a short report on that over at Liquidity Trader Money Trends later today. 

Don't miss a market trick! Sign up today for a 90 day risk free trial.

Meanwhile, as for the longer term stock market technical outlook - Here’s What Friday’s Selloff Means for Our Future

If you are a new visitor to the Stool, 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.  

If you're interested in following my photo journal, my latest shots from Warsaw, a dynamic, un-Europe-like city, are on my Instagram page

 

Link to comment
Share on other sites

  • Replies 23
  • Created
  • Last Reply

Something's happenin' here. What it is ain't exactly clear. 

But a 5 day cycle projection

has been hit and is already done. 

Here's the 2 hour bars for perspective. The breakdown from the top pattern measures to 4185. 

tvc_0576f2e235f06051be0abef55a1ca57e.png

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...