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  2. The Gary "US" Bond - Pitiful Broker "Deal of the Day"....Do you see it?
  3. Don't know whether to call this a breakdown or a stepdown. There are multiple spport lines on the way down. Some broken already, more to come. The next is 5104.
  4. The market has completed a formidable little top over the past 3 weeks.
  5. "Is it my imagination or has this been difficult to trade for the past two weeks?" I have had to fight like hell just to only lose double digits for the day. the normal patterns I trade into are inverted and not their normal reliability. I should be getting rich on the PM move, but I am so scared of the precipitous drop that always comes out of nowhere that I am barely in it.
  6. spport busted. hourly oscillators roll over. Chef Says Choose One from Column A Or One from Column B
  7. If the market isn't flying through the air with the greatest of ease, it's stuck. The overnight was stuck, but it's showing signs of letting go here at 5:30 AM ET, 11:30 AM Central European Time. Here's the hourly ES, 24 hour S&P fuguetures. Chef Says Choose One from Column A Or One from Column B Is it my imagination or has this been difficult to trade for the past two weeks? The usual semi regular 4-5 day cycle pattern has been displaced by an irregular, noise driven flip flop pattern. The hourly oscillators are giving a top signal here. But time suggests that a 5 day cycle low would normally be due today. We see trend spport around 5188 and additional trend spport about 10 points lower. If that band holds, then this wild pattern could turn into a big base. A breakout through 5228 would have a measured move implied target of 5305. If they break through the rising spport lines, then a test of the lows in the 5130s would be in order. Then we'll see. Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market For moron the markets, see: Back to the Gold Old Days 4/9/24 April 9, 2024 Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market April 9, 2024 Chef Says Choose One from Column A Or One from Column B April 8, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 2024 The End Is Not Nigh March 26, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 2024 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 folder.
  8. interesting action in the life insurance companies
  9. Looks like the dealers are backing the fruit train back into the station after shaking the low hanging fruits from the trees.
  10. But there's a 2-3 day cycle projection of 5235, and if they get through 5220 the implied measured move would be 5305. The hourly indicators are bullish.
  11. There was also a trendline convergence, and so far, no go.
  12. WHEN WILL FINANCIAL MARKETS Realize that the primary task of the FED is to save the US Government from the consequences of its fiscal profligacy and the danger of hard default by printing money. Price stability is a secondary task. If the two tasks conflict....as they currently do..... Then task one wins at the expense to task two. And the wealth of lenders gets transferred to the borrowers.
  13. thought I could scalp a couple bucks off the Nat Gas dip but someone big must be short and wouldn't let it happen
  14. There you go. Rocket engines fired at the double bottom. Chef Says Choose One from Column A Or One from Column BApril 8, 2024
  15. Update on 5 day cycle projection. On second look, it looks 5210ish anyone.
  16. The market has developed a penchant for air pockets within this recent trading range. They've been in both directions. One of these days an air pocket will open up outside the range, and there was be no coming back from it. But which way. That's the question. Is today the day? Not likely. We're due for a 5 day cycle low, and the 5 day cycle projection of 5230 has been reached. However, not like doesn't mean impossible. Crashes happen when bottom setups fail. Looking at the 2 hour bars of the ES 24 hour futures for today, there are numerous possibilities evident. One is that the low might be tested here at the NY open, hold and reverse into a rocket launch. Another is a break of the lows. But then what? 7 points? 20 points? 30 points? That last support around 5195 is the biggie. The tape must be watched today. If you are short, only fire when you see the whites of their eyes. Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market For moron the markets, see: Back to the Gold Old Days 4/9/24 April 9, 2024 Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market April 9, 2024 Chef Says Choose One from Column A Or One from Column B April 8, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 2024 The End Is Not Nigh March 26, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 2024 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 folder.
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