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DrStool

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DrStool last won the day on July 23

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    Rue E Manny LePhillyBear, Nice France

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  1. This is the 4 hour bars. If the market closes here or lower, it has broken a pretty pretty pretty big top, with a conventional measured move target of 5205. And I don't think it would take long to get there. End Stage Hysteria Breaks
  2. Pretty stunning selloff. Must be Kamala's fault. Nothing Wall Street dislikes more than a competent prosecutor. End Stage Hysteria Breaks
  3. Thanks my friend. I gave up trying to figure it out a long time ago. I guess it's because I'm from Philly. 😂
  4. 2 hr bar perspective. Breaking 5440 would create a top with a measured move target of 5225. End Stage Hysteria Breaks
  5. 5 day cycle projection now 5430. The market has broken out of the crash channel... to the downside! End Stage Hysteria Breaks LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JULY 24, 2024 Last week we saw that the price to liquidity ratio measures suggested that the rally was in its end stage. The most recent data gives additional support to that idea, with those indicators touching upper trend limits in the week ended July 17. Under the circumstances, market action this week looks like not just a pullback, but more likely, xxxx xxxx xxxxxxxx xxxxxxx xxxxxxx. Non-subscribers, click here for access. Subscribers, click here to download the report. As a result, my focus would be on xxxxxxxxxxxx xxxxxxxxxx xxxxxxxxxx. Non-subscribers, click here for access. The bond market has rallied in July, contrary to my thinking that massive supply would hurt the bond market. The source of the money to support this isn’t clear, but deduction would say that it’s leverage, particularly repo. But repo outstanding has been rangebound. If it subsequently breaks down, that should be a sign xxxxxxxxx xxxxxxxxx xxxxxxxxxxx again. Short-term bills continue to look like xxxxxxxxxxxxx xxxxxxxx xxxxxxxxx Non-subscribers, click here for access. This report shows and explains the critical indicators that you need to follow to stay on top of the market as it tops out. 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!
  6. Meanwhile, the 10 year Treasury yield is holding on as it faces a huge coupon settlement at the end of the month. I am working on an expanded look at this to be posted a little later today. Meanwhile, there was this. The Sky’s the Limit
  7. For the bears, that is. I pointed out last night that the market topped out on time but fell shy of hourly cycle projections. That's usually a sign of weakness. This morning's tape has borne that out. The ES, 24 hour S&P futures now have a 5 day cycle projection of 5470. An hourly close below 5505 would result in a conventional measured move target of 5430. If the market is below 5502 in the first half hour of regular trading, that would set up a crash channel. The market would need to be above 5502 at noon in New York to break that channel. Politics and Markets Make Strange Bedfellows For moron the markets, see: Swing Trade Screen Picks – Short-term Cancer Culture July 22, 2024 Politics and Markets Make Strange Bedfellows July 21, 2024 The Sky’s the Limit July 18, 2024 Gold Takes the High Road July 17, 2024 Swing Trade Screen Picks – Holding the Averages Versus Picking Swing Trades July 14, 2024 Higher for Longer July 14, 2024 Picking Up Nickels in Front of a Steamroller July 9, 2024 Gold Raises the Bar July 9, 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. 5 day cycle topped right on time, but way shy of projections. Hot stove touch of 300 hour linear regression curve. And it's gone.
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