DrStool Posted July 28, 2021 Report Share Posted July 28, 2021 That is, if they clear 4400 With a 30 minute lag this chart doesn't show it yet, but as of 4 AM in Noo Jork, and 10 AM in Madrid, Paris, Frankfurt, and Warsaw, go figure, it's there. Now they just need to push it until NY gets into the action. But of course, it doesn't mean much. Today is Fed day. What happens on Fed Day, stays in Fed Day. We return to the real game tomorrow. Meanwhile, big picture stuff. Prices Show Us Not to Argue with Mother Market Be Careful of that Yellow Stuff Chart Picks – Dipping Two Toes in the Meat Grinder How the Fed and Treasury Rig The Debt Ceiling Roulette Game Matters 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 the photo journal of my European wanderings, including latest shots from Warsaw, a dynamic, un-Europe-like city, check out my Instagram page. Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2021 Author Report Share Posted July 28, 2021 New chart. Real time. Not quite fully broken out. But looks bullish.. Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2021 Author Report Share Posted July 28, 2021 Heading out for one of the local marketplaces, then to the dentist to replace a filling. Ciao! Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2021 Author Report Share Posted July 28, 2021 Link to comment Share on other sites More sharing options...
GregFokker Posted July 28, 2021 Report Share Posted July 28, 2021 Bon courage Herr Doktor! Link to comment Share on other sites More sharing options...
Jorma Posted July 28, 2021 Report Share Posted July 28, 2021 I see an autographed Patrick Mahomes card sold for $4.3 million. I figure It should go for about $100 million by 2030. Link to comment Share on other sites More sharing options...
MisFit Kid Posted July 28, 2021 Report Share Posted July 28, 2021 31 minutes ago, Jorma said: I see an autographed Patrick Mahomes card sold for $4.3 million. I figure It should go for about $100 million by 2030. Maybe whoever bought the card, put it in their bicycle spokes to make a cool sound..........😀 Link to comment Share on other sites More sharing options...
BurntOnce Posted July 28, 2021 Report Share Posted July 28, 2021 muscle car prices have also skyrocketed. so everyone has all this excess cash, or are we witnessing the dilution of the dollar? Link to comment Share on other sites More sharing options...
Mkucstars Posted July 28, 2021 Report Share Posted July 28, 2021 So, Fed says blue skies, whatever it takes, we will keep money free fo'eva. So sayeth the Lord. ??? Link to comment Share on other sites More sharing options...
Mkucstars Posted July 28, 2021 Report Share Posted July 28, 2021 At this point what else can he say? Oh yeah. TRANSITORY. Link to comment Share on other sites More sharing options...
MisFit Kid Posted July 28, 2021 Report Share Posted July 28, 2021 8 minutes ago, Mkucstars said: So, Fed says blue skies, whatever it takes, we will keep money free fo'eva. So sayeth the Lord. ??? So sayeth the Flock...... Link to comment Share on other sites More sharing options...
Mkucstars Posted July 28, 2021 Report Share Posted July 28, 2021 Billionaires are hungry. Link to comment Share on other sites More sharing options...
MisFit Kid Posted July 28, 2021 Report Share Posted July 28, 2021 So sayeth DC.......Infrastructure Bill @1.2T, plus new budget resolution where the sky is no longer the limit. Link to comment Share on other sites More sharing options...
Mkucstars Posted July 28, 2021 Report Share Posted July 28, 2021 I like the ultimate oscillator and on a weekly basis the S&P has been overbought since mid April and appear to be weakening. Q's since mid June. Small caps show definite decline. Does it matter? Maybe not. Link to comment Share on other sites More sharing options...
Mkucstars Posted July 28, 2021 Report Share Posted July 28, 2021 I just feel the risk/reward is skewed to the downside. Jay is throwing cash at all time highs. What would make them take off from here? But any whiff of bad news could get ugly fast. Bad news doesn't have to be in the US either. I keep close stops and holding pretty even but when the swoon comes I will be short. Link to comment Share on other sites More sharing options...
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