DrStool Posted January 6, 2022 Report Share Posted January 6, 2022 Who cares about stocks when you can watch the excitement up at Cape Wall Street where the launchpad is complete and the countdown is under way for the spaceship US Treasury Market as it heads for edge of the solar system and the outer limits of the Milky Way. Get the big picture here. Meanwhile, stocks are catching a little bid this morning. What else is new? It will be interesting to see what they can do with this 5 day cycle upturn. If they clear 4712 the initial measured move target would be 4746. But if they don't clear 4712, we'd be looking for 4665 initially. Below 4658, the bottom drops out. Just in case you missed this little bit of fun yesterday- 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...
DrStool Posted January 6, 2022 Author Report Share Posted January 6, 2022 Breakout Under Way! Link to comment Share on other sites More sharing options...
potatohead Posted January 6, 2022 Report Share Posted January 6, 2022 This board is quiet...not a good sign.... Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2022 Author Report Share Posted January 6, 2022 1 hour ago, potatohead said: This board is quiet...not a good sign.... Well, nothing is happening worth talking about. 😄 Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2022 Author Report Share Posted January 6, 2022 Seems to have been a minor base breakout on the hourly. It measures to 4740-45. Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2022 Author Report Share Posted January 6, 2022 Gold is a riddle, in a mystery, wrapped up in an enema. Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 6, 2022 Report Share Posted January 6, 2022 so a one day drop and then back on auto-pilot....... Link to comment Share on other sites More sharing options...
potatohead Posted January 6, 2022 Report Share Posted January 6, 2022 21 minutes ago, DrStool said: Gold is a riddle, in a mystery, wrapped up in an enema. And the Fed has all the answers.... DALY: WE WILL NEED TO RAISE INTEREST RATES TO KEEP ECONOMY IN BALANCE Link to comment Share on other sites More sharing options...
potatohead Posted January 6, 2022 Report Share Posted January 6, 2022 30 minutes ago, potatohead said: And the Fed has all the answers.... DALY: WE WILL NEED TO RAISE INTEREST RATES TO KEEP ECONOMY IN BALANCE or....... FED'S BULLARD: USING A PASSIVE RUNOFF, THE FED CAN SHRINK ITS BALANCE SHEET IN A NON-DISRUPTIVE MANNER. Link to comment Share on other sites More sharing options...
Jimi Posted January 6, 2022 Report Share Posted January 6, 2022 What we need is more intervention. Link to comment Share on other sites More sharing options...
Jimi Posted January 6, 2022 Report Share Posted January 6, 2022 What we need is more leverage. Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2022 Author Report Share Posted January 6, 2022 1 hour ago, potatohead said: or....... FED'S BULLARD: USING A PASSIVE RUNOFF, THE FED CAN SHRINK ITS BALANCE SHEET IN A NON-DISRUPTIVE MANNER. They're so full of crap. He knows that any reduction in QE, let alone a balance sheet runoff, will be disruptive. Yellen already tried it and look how far that got. The answer is 3.2%. That's how high the 10 year got in October 2018 when the Fed started to choke on its vomit. Link to comment Share on other sites More sharing options...
Jimi Posted January 6, 2022 Report Share Posted January 6, 2022 Jimi Hendrix choked on his own vomit. I wish we could orchestrate a swap: Yellen for Jimi (and a 2nd round pick). Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2022 Author Report Share Posted January 6, 2022 I do need to get a better mike setup for my next interview for sure. I wasn't prepared for that. I actually had forgotten the appointment. So I was sitting their unwashed, unshaven, unbrushed, and unmiked when Tom got a hold of me by email and asked if I was ready to do the interview. What could I do but go ahead! Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 6, 2022 Report Share Posted January 6, 2022 6 minutes ago, Jimi said: Jimi Hendrix choked on his own vomit. I wish we could orchestrate a swap: Yellen for Jimi (and a 2nd round pick). Toss in a Player to be named later...... Since the Fed is involved, cash considerations would be useless........ maybe some buttcoin.....pffft Link to comment Share on other sites More sharing options...
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