DrStool Posted October 3, 2022 Report Share Posted October 3, 2022 This downswing is aging. Is it old enough? Each day that the decline persists, the odds of another short covering spike go up. But is today the day? As of 7 AM in New Yak City, the ES, 24 hour S&P futures need to crack through 3605 on the hourly chart, to begin a 5 day cycle up phase. Failing that, we'd be looking at the potential for an immediate drop to sport lines in the 3550 area. But Is this low bottomy? The 5 day cycle projection of 3565 was already hit, and the hourly oscillators look do look bottomy. However, if they only rally back to the 3630s, they've accomplished nothing, and we can expect them to pay us back on Tuesday. Meanwhile, back at the big picture: Swing Trade Screens – Beware! This Swing is Old October 3, 2022 Stocks Have Much At Stake Right Now October 2, 2022 Gold Reason to Hope No Reason for Optimism September 30, 2022 Markets Face Catastrophe as Dealers Mitigate Too Little Too Late September 26, 2022 Fed Speeds Into Dead Man’s Curve, More Black Tuesdays Ahead September 15, 2022 There Will Be More Black Tuesdays September 14, 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 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...
Jimbo Posted October 3, 2022 Report Share Posted October 3, 2022 THE FOUR BOND QUADRANTS Quadrant One Low debt low inflation: This is the quadrant you want bonds to be in, nice and safe and nice and safe returns. Quadrant Two Low debt and high inflation: This is not so good - loss potential like the 70's. Quadrant Three High debt low inflation: This is not so good - loss potential like the 30's. Quadran Four High debt and high inflation: Wipe out in 2022. Link to comment Share on other sites More sharing options...
DrStool Posted October 3, 2022 Author Report Share Posted October 3, 2022 Treasuries trading like pork bellies. Link to comment Share on other sites More sharing options...
sandy beach Posted October 3, 2022 Report Share Posted October 3, 2022 What's the back story of Credit Suisse (CS) - market cap of $10.2B price to book of 0.2. I heard they may need to raise 4B. Stock was once at $20 now $3.57. CDS going wild. And: CREDIT SUISSE CUTS 2022 YEAR END S&P 500 PRICE TARGET TO 3850 FROM 4300 Link to comment Share on other sites More sharing options...
sandy beach Posted October 3, 2022 Report Share Posted October 3, 2022 I'll take the rip-your-face-off short-covering rally for $500 please. Link to comment Share on other sites More sharing options...
DrStool Posted October 3, 2022 Author Report Share Posted October 3, 2022 Heading for the trendline at 3680 now. Link to comment Share on other sites More sharing options...
BurntOnce Posted October 3, 2022 Report Share Posted October 3, 2022 intel with a bid. it's at a 10 year low, paying 5% div and too big to fail. Link to comment Share on other sites More sharing options...
DrStool Posted October 3, 2022 Author Report Share Posted October 3, 2022 Spike rallies weaken the market. Link to comment Share on other sites More sharing options...
DrStool Posted October 3, 2022 Author Report Share Posted October 3, 2022 1 hour ago, sandy beach said: And: CREDIT SUISSE CUTS 2022 YEAR END S&P 500 PRICE TARGET TO 3850 FROM 4300 They are expecting a helluva rally. Link to comment Share on other sites More sharing options...
fxfox Posted October 3, 2022 Report Share Posted October 3, 2022 48 minutes ago, BurntOnce said: intel with a bid. it's at a 10 year low, paying 5% div and too big to fail. Intel is like your first girl friend: You were a couple in the 70s.Then she left you, but you never could forget her and always admired her, did almost built an altar for her. Then - decades later - you were on vacation, made that survival trip thru The Bronx. There she was: Sitting in a totally rotten shite hole, drunken, with the needle in her vein, begging for a Dollar without even noticing who you are. Link to comment Share on other sites More sharing options...
DrStool Posted October 3, 2022 Author Report Share Posted October 3, 2022 7 minutes ago, fxfox said: Intel is like your first girl friend: You were a couple in the 70s.Then she left you, but you never could forget her and always admired her, did almost built an altar for her. Then - decades later - you were on vacation, made that survival trip thru The Bronx. There she was: Sitting in a totally rotten shite hole, drunken, with the needle in her vein, begging for a Dollar without even noticing who you are. This is poetry. Link to comment Share on other sites More sharing options...
No Einstein Posted October 3, 2022 Report Share Posted October 3, 2022 9 minutes ago, fxfox said: Intel is like your first girl friend: You were a couple in the 70s.Then she left you, but you never could forget her and always admired her, did almost built an altar for her. Then - decades later - you were on vacation, made that survival trip thru The Bronx. There she was: Sitting in a totally rotten shite hole, drunken, with the needle in her vein, begging for a Dollar without even noticing who you are. 🤣 Link to comment Share on other sites More sharing options...
sandy beach Posted October 3, 2022 Report Share Posted October 3, 2022 WSJ: U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases A U.N. agency warns that further policy tightening risks a global economic downturn https://www.wsj.com/articles/u-n-calls-on-fed-other-central-banks-to-halt-interest-rate-increases-11664809202 Link to comment Share on other sites More sharing options...
sandy beach Posted October 3, 2022 Report Share Posted October 3, 2022 Last two months home price declines steepest since 2009. Link to comment Share on other sites More sharing options...
DrStool Posted October 3, 2022 Author Report Share Posted October 3, 2022 5 day cycle projection 3720 Link to comment Share on other sites More sharing options...
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