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DrStool

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  1. And that's the way it is. A demain, bonne nuit et bonne chance!
  2. And we're done. 5 day cycle projection gets pulled down to 5135, Fini. Kaput.
  3. The Magic of Rising Stock Prices Driving Liquidity, Driving Prices LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS MARCH 4, 2024 The Fed’s weekly real time balance sheet data and its slightly lagged data on the condition of the US banking system still show little sign of an imminent end to the stock market rally. Only the Foreign Central Bank trend is negative, and that on its own isn’t sufficient to turn the market. It needs help, and there’s none to be found. The bulls are running wild. Non-subscribers, click here for access. Subscribers, click here to download the report. As they do, prices of stocks rise. And that creates its own vicious cycle of liquidity creation leading to higher prices, and so on. This is how manias become entrenched. They continue until they are exhausted. We look for signs of exhaustion both in the technical market data, which I report in the Technical Trader reports, and in the liquidity data that I report here. In neither case are there signs that this rally is finished yet. But I’m on the lookout. Non-subscribers, click here for access. The end may come quickly, so we need to be prepared and vigilant. Complacency is the trader’s enemy. We must guard against that. 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!
  4. I'm old enough to remember when this was the price of the Dow.
  5. T-bills are money. Deficate spending causes flatus. That is all.
  6. The ES, 24 hour S&P futures would need to have an hourly close below 5127 today, and must be below that at the NY close, to have even a prayer of getting anything going on the downside. Barring that, the path of least resistance remains up, up, and away. The latest high base breakout measures to 5170. The current channel upper limit will be at 5167 at the NY close. Will it get there? I don't see why not. And my god, Federal tax collections went through the roof in February. Is it because of retirees cashing out of IRAs and 401k's? Whatever the reason, it's bullish. Tax Collections Took Off in a Stunning Reversal in February Meanwhile, we're due for a 3 and 5 day cycle down phase through today and then through Wednesday. The trend argues for that to be no worse than a consolidation. As for the longer term, I'm working on a Technical Trader update now that will be posted before NY opens. Meanwhile, have a look at this report for swing trade chart ideas. Swing Trade Screen Picks – Read My List, No New Shorts. For moron the markets, see: Tax Collections Took Off in a Stunning Reversal in FebruaryMarch 3, 2024 Swing Trade Screen Picks – Read My List, No New ShortsMarch 1, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing Charts Say- All Important Monday February 26, 2024 Gold Holds for Hold February 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. Thanks! We can't even start thinking about a top, let alone the downside, until it stops going up.
  8. New low in the slush fund. They're buying stocks widdit. Flipped correlation chart updated weekly in Liquidity Trader. Next update coming this weekend. From last week - We Don’t Need No Stinkin’ Fed – We Make Money from Nothing Sure, you can find correlation charts like this in institutional research publications, but Liquidity Trader will show the way for the price of a daily Starbucks. Goldman Sachs won't.
  9. 5 day cycle projection 5115 overcooked. If this doesn't stop here, they gonna take the roof off and then some. Read My List, No New Shorts
  10. Meanwhile, back at the orderly BM. Charts Say- All Important Monday
  11. The ES 24 hour S&P futures hit their 2-3 day cycle projection of 5105 overnight and promptly got whacked. But lest you, my bear friends, get too emboldened, the pattern will still be bullish, unless and until they break spport lines at 5080, 5075, 5070, 5065, 5060, 5055, and yea, oh ye who hold out hope, yea, even 5050, of which I think the chances are less than 5050. In fact, I think the 5050 chances were greater on the upside when I first made the call back on January 22, than on the downside now, despite being closer to it now. Charts Say- All Important Monday For now, looks like they're headed into a 5 day cycle down phase until Tuesday or Wednesday. My ill informed guess is that it won't amount to much, but I'll take a second look at that conclusion depending on whether they can manage a break of even though initial spport lines. Trading well is about always knowing how to find a good spport to play with. I got a swing trade chart picks update coming before the open. The current list is up 7.4%, a nice jump from last week's 4.8%. 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.
  12. 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
  13. 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.
  14. 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
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