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DrStool

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Everything posted by DrStool

  1. Just because a move looks extended on an hourly basis, it doesn't mean that it's extended on longer bases. Hourly: 2 hour bars: If this thing breaks out, it could go a lo-o-o-o-o-o-o-ong way. But if it breaks down the extended negative divergence would portend deep shit ahead.
  2. And how did the bond market like the news? It didn't. Tax Revenues and Liquidity are Crashing:
  3. To correlate, or not to correlate, that is the question. Gold Got There Fast But Race is Over
  4. Here are samples On the sell side: On the buy side: Note the simulacrities. These are absitively, posolutely not reconomendations. They're just examples of the charts that drive people crazy because they're too compracated. The market is compracated. If you can't handle sofistication, just follow Germy Seagull and buy and hold stocks for the long hole. But if you want swing suggestions, then let's dance. Swing Trade Screen Picks – November Was a Good Month, List Still Mostly Long I call these Monday Morning Quarterback Trades. Published weekly on Tuesday.
  5. My daily swing trade screens of roughly 1300 actively traded stocks trading above $6 did not make a third day in a row of more sell than buy signals. Yesterday's score was 40 to 26 buys to sells. Meaningless information for your morning consumption prior to the daily post coffee elimination round. Swing Trade Screen Picks – November Was a Good Month, List Still Mostly Long
  6. Two pictures are worth a thousand words. Ladies and germs, I present two perspectives on the hourly ES, 24 hour S&P 500 fucutures covering the past 2 1/2 weeks. I report, you decide. Perspective number one. Perspective number two. Not really tradeable unless you enjoy being ground to a pulp. Although there's a pretty little wave working. Do we roll over here again? We don't know and neither do they. When it breaks out, we'll know. But of course the first breakout will be a fakeout to suck everybody in, in the wrong direction so that the dealers and stock operators can pick the pockets of their unsuspecting institutional customer herd. Whose side will we choose? The right side, of course. Christmas Goose Temperature Nears Required Doneness For moron the markets, see: Gold Got There Fast But Race is Over December 6, 2023 Swing Trade Screen Picks – November Was a Good Month, List Still Mostly LongDecember 5, 2023 Tax Revenues and Liquidity are Crashing December 4, 2023 Christmas Goose Temperature Nears Required Doneness December 4, 2023 Swing Trade Screen Picks – Read My Lips, No New Longs. But a Couple Shorts November 28, 2023 Gold Sets Up Potential High Base BreakoutNovember 24, 2023 This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023 A Rally Can’t Live on Hope Alone November 20, 2023 Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 2023 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. In currency trading, things that should happen, don't. Things that shouldn't happen, do.
  8. The 10 year Treasury yield has reached a 13 week cycle projection of 4.10. Now what? I'll tell you what. Tax Revenues and Liquidity are Crashing
  9. In the ongoing saga of the EUR/USD pair as a leading indicator for US stocks this year for godknowswhy, it continues to point down. This FX trade has led US stock market turns 5 of 7 times in the last year. Christmas Goose Temperature Nears Required Doneness
  10. In running my daily stock screens of 1300 issues that meet minimum price and volume requirements, as of yesterday's close there were 29 raw buy signals and 60 raw sell signals. When I say raw, this is before visual review for trend structures. Most of these are usually rangebound whipsaw signals that lead nowhere. It's when there's a signal coupled with a supporting trend structure, that these often have a good move. But the point is that this is the second straight day where sells exceeded buys. There haven't been 3 straight days of this in months. Today will be interesting in that respect.
  11. Another perspective. 😂😂😂😂 Swing Trade Screen Picks – November Was a Good Month, List Still Mostly Long
  12. Today December 7, 2023 is a day that will live in in... Fill in the blank. The market doesn't seem to know who will win this battle, and I sure don't either. Because we don't know and neither do they. This morning we have tested spport overnight and have the beginnings of a 2-3 day cycle up phase on the ES, 24 hour S&P futures. Resistance is around 4553 in the first hour of NY trading, and then around 4555 at mid day. If they can clear that, then the next target would be around 4565, woopdedoo. If they don't clear it, then we look for a test of the low, with 4535 being the last line of de fence, before a crash all the way to 4530, or even 4525. Can you stomach the excitement? This chart gives perspective on just how big and wild the swings have been over the past 3 weeks. Fasten your seatbelts for more insane turbulence. There may be injuries. Take precautions. Ambulances are on standby. Christmas Goose Temperature Nears Required Doneness For moron the markets, see: Gold Got There Fast But Race is Over December 6, 2023 Swing Trade Screen Picks – November Was a Good Month, List Still Mostly LongDecember 5, 2023 Tax Revenues and Liquidity are Crashing December 4, 2023 Christmas Goose Temperature Nears Required Doneness December 4, 2023 Swing Trade Screen Picks – Read My Lips, No New Longs. But a Couple Shorts November 28, 2023 Gold Sets Up Potential High Base BreakoutNovember 24, 2023 This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023 A Rally Can’t Live on Hope Alone November 20, 2023 Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 2023 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.
  13. 5 day cycle projection 4545. jusqu'à demain, bonne nuit et bonne chance.
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