DrStool Posted September 12, 2022 Report Share Posted September 12, 2022 Where the US stock market is headed is another story, but I'm on a short day trip from Rennes to St. Malo today. https://en.wikipedia.org/wiki/Saint-Malo Last week was tough. I had too many winners on my chart pick list, so of course the market took back half the profit and then some. This is the second or third time the market has had a vicious reversal when the average profit on the list reached 9-10% over 2-3 weeks and virtually all picks were winners. Next time, I'll just close them all out when the list hits that parameter. And of course that will be when the market crashes, if they are all shorts. Swing Trade Screens – Trailing Stops Did Their Job To Preserve Profits As for today, the uptrend channels in the ES, S&P fugutures are well established. ES must first break 4080, and then 4063 to create a potential reversal. If it holds above 4070, then we have a base breakout measurement to 4250. Ugh. But fear not. The 5 day cycle projection is only 4100. 3-5 day cycle indicators are in trending mode. Any intraday selloff that lasts a couple of hours should trigger sell signals. Meanwhile, the big picture: Swing Trade Screens – Trailing Stops Did Their Job To Preserve Profits September 12, 2022 I Heard It Through the Grapevine September 11, 2022 Special Bulletin – T-Bill Paydown September 8, 2022 Gold Won’t Hold September 7, 2022 Withholding Tax Collections Collapsed in August But BLS Data Won’t Show It September 2, 2022 Warnings of August Liquidity Crash Come to Fruition – Here’s What to Do August 28, 2022 Gold Miners Swing Picks August 26, 2022 Has Rule Number One Been Repealed? August 18, 2022 “As Good as It Gets” Was Good While It Lasted August 6, 2022 Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022 Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022 The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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...
MisFit Kid Posted September 12, 2022 Report Share Posted September 12, 2022 And another Rip Job higher...... Crime Pays.......So do the internal and ever lasting bailouts....... QT, Ha Ha Ha.......... >: In the words of the Sex Pistols.......No Future..........God Save The xx80......xx20 Higher........1 bar is all it takes........... Link to comment Share on other sites More sharing options...
sandy beach Posted September 12, 2022 Report Share Posted September 12, 2022 IRX 91-day Treasury Bill Index hits 3.000%! Can we do 4.000%? Link to comment Share on other sites More sharing options...
MisFit Kid Posted September 12, 2022 Report Share Posted September 12, 2022 anything is possible....if they want it to be........amd they make it happen........ Link to comment Share on other sites More sharing options...
MisFit Kid Posted September 12, 2022 Report Share Posted September 12, 2022 8 minutes ago, sandy beach said: IRX 91-day Treasury Bill Index hits 3.000%! Can we do 4.000%? In the days of old...it would be at 10 (or 11 if you are a fan of Spinal Tap) Link to comment Share on other sites More sharing options...
BurntOnce Posted September 12, 2022 Report Share Posted September 12, 2022 The chiner weather modification center infused clouds with silver iodide to induce rain. yummy. wine from the negev is nourished with recycled wastewater from a nearby prison. yucky. Link to comment Share on other sites More sharing options...
Jorma Posted September 12, 2022 Report Share Posted September 12, 2022 It's weird. Link to comment Share on other sites More sharing options...
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