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DrStool

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DrStool last won the day on February 17

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    Rue E Manny LePhillyBear, Nice France

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    Chief of Stock Proctology

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  1. Finally, we await the outcome of that upon which the fate of the free world rests. That along with the pending electoral college appointment of an authoritarian dictatorship in the US and the ensuing societal breakdown and civil war. We Don’t Need No Stinkin’ Fed – We Make Money from Nothing
  2. I made one of my regular monthly investment plan purchases of euros last week, where no doubt, I bought the cycle high, as usual. Like the morning dew, you gotta do what you gotta do when due.
  3. Meanwhile, the rational and orderly bull market in BTC proceeds normally. Why trade boring stuff like this when you can just sit in gold and wait. Gold Holds for Hold
  4. From time to time, we short term traders honor the late greatest short track racing car driver in history, Dick Trickle, who passed from among us in 2013, tragically, by his own hand. Today, the Dick Trickle Memorial point has shifted east toward Friday, where at 1 AM NY time the current triangle pattern is aimed at 5059. Normally when the market fails to launch and simply goes limp toward the tip of the pattern, nothing happens and both bulls and bears are disappointed. Charts Say- All Important Monday However note resistance at 5082 and a spport line around 5055. If either of those breaks, should be good for a big move. 5-10 points at least. For moron the markets, see: Charts Say- All Important Monday February 26, 2024 Gold Holds for HoldFebruary 24, 2024 Swing Trade Screen Picks – What Happens When Not Holding the Mag Seven February 23, 2024 Market Sentiment vs. Liquidity Reaches Historical Hysterical February 19, 2024 This Will Be the Week That Was February 11, 2024 What’s Up with Down Withholding Tax Collections February 4, 2024 Primary Dealers Are Maxed Out Again January 24, 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.
  5. Just saw that BMBL is changing its symbol to BMFK.
  6. Yesterday, I speculated that the ES, 24 hour S&P futures might trade in a 5050-80 range. That's pretty much what has happened in the past 24 hours with the exception of a brief foray a few points above 5080. So far, this looks like a benign consolidation coming to the onset of a 5 day cycle up phase due this morning. As of 6 AM New York time, the ES is locked in the center of that mild 3 day downtrend. If it stays above 5053 this morning it will be in good shape for an upside breakout from this consolidation. Conversely, if it takes out that low, failed bottoms are the worst. Last ditch spport lines are at 5048 and 5043. If they break, the floodgates could open into a falling knife low as low as 5030 or 5005, late this afternoon. This could go either way, or no way. In that case, it would race through the auto track toward the Dick Trickle Memorial Point at 5063 at 10 AM Thursday. Charts Say- All Important Monday For moron the markets, see: Charts Say- All Important Monday February 26, 2024 Gold Holds for HoldFebruary 24, 2024 Swing Trade Screen Picks – What Happens When Not Holding the Mag Seven February 23, 2024 Market Sentiment vs. Liquidity Reaches Historical Hysterical February 19, 2024 This Will Be the Week That Was February 11, 2024 What’s Up with Down Withholding Tax Collections February 4, 2024 Primary Dealers Are Maxed Out Again January 24, 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. My dating luck is changing. I shorted Bumble early in the day. It dropped a quarterly report turd after the bell. A big, humongous turd.
  8. Finally, Bitcoin, like plastic, is the future. Obviously headed for 71k. Crime pays.
  9. The yellow stuff might be working on a high base consolidation that would measure to around 2300 on a successful breakout. But there are obvious levels that would signal big trouble if broken. Gold Holds for Hold
  10. Meanwhile, the 10 year Treasury yield has gone into a holding action. It needs to drop below 4.20 to give the bond bulls any semblance of hope. Otherwise, abandon it, all ye who enter here. We Don’t Need No Stinkin’ Fed – We Make Money from Nothing
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