DrStool Posted January 4, 2022 Report Share Posted January 4, 2022 They did it in the pre market. The ES fugutures broke out of a launchpad pattern at the top of the meggerphony. But just as quickly, they pulled back to the breakout. Nothing to see here. Yet. That's normal for a breakout. I think we'd need to see something below 4795 to start thinking about a failed breakout. Meanwhile, the 5 day cycle projection is around 4824. Hourly oscillators are slightly bullish but on the cusp. I can't get excited about any possible downside yet. The upside might have a percent or so if they clear 4825. Ho hum. Meanwhile, the big picture. When Boring Isn’t Bullish – Gold It’s The Most Blunderful Time of the Year Wheels Are Moving in Slow Motion for the Top The Rigor Mortis Stock Market Rally 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. Link to comment Share on other sites More sharing options...
sandy beach Posted January 4, 2022 Report Share Posted January 4, 2022 4805 on the S&P 500!!! Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2022 Author Report Share Posted January 4, 2022 LET's.... Get ready to RUMBLE! Wheels Are Moving in Slow Motion for the Top Link to comment Share on other sites More sharing options...
sandy beach Posted January 4, 2022 Report Share Posted January 4, 2022 ... and TUMBLE. My visit must have marked the top 🤣 Link to comment Share on other sites More sharing options...
potatohead Posted January 4, 2022 Report Share Posted January 4, 2022 Lee nails it again..... 72 COUNTERPARTIES TAKE $1.496 TLN AT FED REVERSE REPO OPERATION. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2022 Author Report Share Posted January 4, 2022 10 Q Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 4, 2022 Report Share Posted January 4, 2022 they still made a V out of that low....... I guess Fed Reposession is 9/10 of the law...... Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 4, 2022 Report Share Posted January 4, 2022 Back to 4800 They must really be embarrassed laughing hysterically now.......again..... Link to comment Share on other sites More sharing options...
Jimbo Posted January 4, 2022 Report Share Posted January 4, 2022 THE BOND MARKET IS FAR BEHIND THE CURVE So the 30 year goes above 2. It should be trading above 10. Based on 7% CPI and 3% real return. The bond market is far behind the actual real reality point. This is simply the market reality point (i.e.the price) starting to adjust towards the actual real reality point. Remember the FED's massive intervention in the bond market via QE has been to impede and block this adjustment process. If the FED does not allow this adjustment process to occur. Then Bond funds will simply cease to exist. Link to comment Share on other sites More sharing options...
sandy beach Posted January 4, 2022 Report Share Posted January 4, 2022 1 hour ago, Jimbo said: THE BOND MARKET IS FAR BEHIND THE CURVE So the 30 year goes above 2. It should be trading above 10. Based on 7% CPI and 3 % real return. The bond market is far behind the actual real reality point. This is simply the market reality point (i.e.the price) starting to adjust towards the actual real reality point. Remember the FED's massive intervention in the bond market via QE has been to impede and block this adjustment process. If the FED does not allow this adjustment process to occur. Then Bond funds will simply cease to exist. +1 Link to comment Share on other sites More sharing options...
itiswhatitis Posted January 5, 2022 Report Share Posted January 5, 2022 I am fully vaccinated, with booster. I wear my mask everywhere. Now, I am fighting my second infection. Be safe out there! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.