Jump to content

All Activity

This stream auto-updates

  1. Past hour
  2. Temperature 104 and power blackout on Croatia's coast. As you recall, I lived there for 13 months in 2020-21. One summer during the pandemic. It gets hot there. Tough without AC.
  3. Today
  4. This is a correction of my original paragraph above. Sorry about the error.
  5. That Coupon on July 1st is quite the Whopper! But usually they wanna create that warm and fuzzy feeling for the 4th of July... Bitcoin looks a bit toppish on the weekly... Given that it is q liquidity asset and not a risk-off asset (at least it seems to be so but there are other voices who believe it is a risk-off asset), it could be that it signals a coming shortage of liquidity.
  6. This is interesting. $65 billion in paydowns with more likely to be announced next week. But look at that festering boil at the end of the month. Just waiting to be popped. How the market will respond depends on how much more cash is coming from T-bill paydowns next week, methinks. Here's the latest blueprint, posted yestiddy. Here Cometh the Grim Repo Man Net Cash Pay Down in Millions of Dollars, by Date Date Security Type Total Offering Total Publicly Held Maturing Net New Cash or (Pay Down) 07/01/2024 Coupons $196,000 $101,452 $94,548 06/28/2024 Coupons $49,000 $0 $49,000 06/27/2024 Bills $200,000 $215,996 $(15,996) 06/25/2024 Bills $200,000 $214,976 $(14,976) 06/20/2024 Bills $200,000 $218,976 $(18,976) 06/18/2024 Bills $200,000 $214,948 $(14,948) As I mentioned yesterday, there were a ton of actionable sell signals from swing trade screens based on Tuesday's close. I spent the first couple hours yesterday laying on shorts. By late afternoon I was 2 to 1 short. It didn't help. I got clobbered. But with my "system" I have to give these setups a week to play out for starters. If I'm not here next Friday, it's because I jumped off a tall building. Wait... There are no tall buildings here. OK, so I will gut it out. As for today, the screens generated 23 buy setups of which 3 triggered. There were 56 sell setups of which 20 triggered. This shows follow through on Tuesday's bumper crop of sell signals. As for today. The S&P fucutures have broken a bit of spport at 5470, and set up a bit at 5457. According to the New York Sun, yes, Virginia, there is a downtrend. But he will be killed above 5482. Prepare to say the Mourner's Kaddish just in case. As I will for my trading capital. Today is the Fete de la Musique here in France. It's a music festival for the entire country, coinciding with World Music Day. The square where I live is a major venue. Starting at 6:30 PM (12:30 ET) I will be subject to continuous, ear splitting, brain pounding electro-techno "musique." I will survive. At least, that's what they told me in the 80s. Of course, we are all well aware that that's false, so have fun while you can. Do what you love. Follow your dream. If you come to a fork in the road take it. And rage against the dying of the light. Just call me the King of Cliche. A toot a lore. For moron the markets, see: Here Cometh the Grim Repo Man June 20, 2024 Swing Trade Screen Picks – Swinging and Missing June 17, 2024 Last Gasp of a Dying Uptrend June 17, 2024 Dr. Gold Stopped the Bleeding Just in Time June 16, 2024 May Tax Collections Were Super Bullish June 6, 2024 After Growth in the Spring Comes the Harvest June 4, 2024 June Swoon Called Off May 29, 2024 The Fed Doesn’t Matter Any More May 1, 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.
  7. Yesterday
  8. On balance, the reports have been bullish and support the bullish TA. Saying that liquidity wasn't bullish leaves a misimpression. They have been. Today's report said, "It's a similar story from the other drivers. There’s enough liquidity to keep the rally going for a bit longer. But the sands of time are falling to the bottom of the hourglass. Long for now, but not for long, looks like the watchword for this market. Tick tock." I also have written repeatedly that liquidity establishes context but TA is for action. Liquidity forecasts tell us where to be on the alert for changes of trend. A negative divergence isn't actionable in itself. It's an alert for change of trend ahead. It tells us that if the divergence isn't resolved and a turn happens, believe it.
  9. Negative Divergences since January? So what would have been the practical implications for trading and taking positions? Folks would now say "be cautious", but what does that mean? Reduce position size? Enter now new positions at all? Well, if you would have done that, you would have let many coins laying on the table... I still think that after all technical analysis is the most important of all. A pick up in liquidity or a drainage of it will be reflected in the charts. Sure it helps if you know that there is enough liquidity to support upswings, but we have seen it often in the past that liquidity was late or early, means there was a mismatch between prices and where the pricees should be given the state of liquidity. What do you do then? Nothing? Or rely on liquidity OR charts? This is not meant as a critique Doc, I admire the stuff you do. I only wanted to point out that I had sometimes a hard time to implement the liquidity stuff in my trading, like a setup which looked bullish, but at the same time I knew that liquidity was not that bullish, so I didn't do anything.
  10. I had a series of cardio tests. 3 of them. First 1 resting scan first. Then they give you some cookies and water and you wait. Then bicycle stress test. Then, a madeline and water, and wait for the heart to slow. Then another resting scan. When I arrived the processed me in in 10 minutes. They told me the tests would take 4 hours. I was in and out in 3. I have an online healthcare account for payment accounting, medical communications, and coordination between my primary, and the specialists, and me. So far advanced to the US system. Not even close. No wonder France is ranked in the top 10 in the world. US is 43rd, between Azerbaijan and Mexico or something like that.
  11. In my daily swing trade screens from Tuesday's close, 44 charts were in buy setups and 72 were in sell setups. But get this. 6 of the buy setups triggered. 27 of the sell setups triggered. Either that's a big deal, or my algo sucks.
  12. 45 years in the insurance side of healthcare, Doc, you right times 10. There is no medical "care", its nothing but symptom management for the pharma side and the docs actually "do" nothing. I've had sophisticated tests and no one follows up or explains where you are in the process. Worse, American docs have no education or understanding of diet, nutrition, or the new understandings regarding immune systems and inflammation in the microbiome. Its criminal and it won't/can't change until it collapses. I had an angiogram that was billed at $117,000 but discounted to my carrier down to $15,000. Imagine the poor slob with no insurance or a smaller discount side. In the late 70s I sold the fattest benefit plan you can imagine to a group of lawyers in Colorado for $50 per family per month. Today if you could buy it, it would be $20 grand per month.
  13. I'll tell you what's streamlined and well organized. The French healthcare system. Wow! I am definitely impressed. It delivers efficient, high quality care for all at half the cost of the US system. I went for tests yesterday. The cost to me was nominal. It's not free. The tax rate for health care is 9.2% of taxable income after deductions and exemptions. By comparison, the waste and skimming in the US system is sickening. Americans are brainwashed. What a terrible waste of money and resources. The system serves only the providers. Not the patients. US health care cost as a % of income. Overall it's about 19% of GDP.
  14. And not very well organized. Hard to find what you're looking for.
  15. Inexcusable that I did not make note of that before. I've looked at that data in the past. But mostly in terms of MMF RRP positions. It's a massive database.
  16. for more impotent news.... Microplastics discovered in human penises for the first time https://www.cnn.com/2024/06/19/health/microplastics-human-penises-study-scli-intl-scn-wellness/index.html
  17. Here Cometh the Grim Repo Man LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JUNE 20, 2024 Repo data has been an important part of our liquidity analysis for many years. But the data had shortcomings. It showed only the banking system data, which is not the entire repo market by far. And it was only somewhat timely, offering a weekly snapshot with a 10 day lag. Non-subscribers, click here for access. Subscribers, click here to download the report. I have found something better. It’s daily data on the entire repo market, current through the last business day before yesterday. No surprise, it correlates with the trend of stock prices and even shows evidence of divergences that precede changes of stock market trends. Non-subscribers, click here for access. The current data through Monday supports the stock market rally, but only up to a point. A negative divergence has developed since January. A breakdown from here could be a bearish signal for stocks. A breakout would be bullish confirmation. They’re not at either point yet, but it’s now week to weak. Pun intended. We’ll keep an eye on it. Non-subscribers, click here for access. It’s a similar story from the other drivers. There’s enough liquidity to keep the rally going for a bit longer. But the sands of time are falling to the bottom of the hourglass. Long for now, but not for long, looks like the watchword for this market. Tick tock. Non-subscribers, click here for access. This report illustrates each component of the liquidity data to give you a complete view and deeper understanding of the dynamics that drive market trends so that you can invest and trade with greater confidence. Non-subscribers, click here for access. KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality!
  18. Referring to today's late start only! Meanwhile, this relentless rally seems determined to seek higher levels. The 5 day cycle projection on the futures is now 5520. There's resistance there. If cleared, there would be room to run to 5550 today. Spport is at 5500 as we approach the NY open. Below that there's clearance for a huge drop all the way to 5495. And if they break that, then 5490. But if that goes, then we might be talking a real short term reversal of sorts. For moron the markets, see: Swing Trade Screen Picks – Swinging and Missing June 17, 2024 Last Gasp of a Dying Uptrend June 17, 2024 Dr. Gold Stopped the Bleeding Just in Time June 16, 2024 May Tax Collections Were Super Bullish June 6, 2024 After Growth in the Spring Comes the Harvest June 4, 2024 June Swoon Called Off May 29, 2024 The Fed Doesn’t Matter Any More May 1, 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.
  19. Last week
  20. Market closed today, Juneteenth. See you Tamara. Have a good holiday!
  21. Growth in Federal Income Tax Withholding Remained Solid in May–Now a Full Year with Roughly Stable Monthly Growth https://taxtracking.com/growth-in-federal-income-tax-withholding-in-may-2024/
  22. $49 billion pump job in a week. Pretty soon you're talkin real money. Net Cash Pay Down in Millions of Dollars, by Date Date Security Type Total Offering Total Publicly Held Maturing Net New Cash or (Pay Down) 06/25/2024 Bills $200,000 $214,976 $(14,976) 06/20/2024 Bills $200,000 $218,976 $(18,976) 06/18/2024 Bills $200,000 $214,948 $(14,948) $85 billion so far. They're following my schedule perfectly. 😄😄😄
  1. Load more activity
×
  • Create New...