DrStool Posted March 1, 2021 Report Share Posted March 1, 2021 Wake up. Get out of bed. Turn on your screen. Your shorts are dead. That said, this is barely a 50% retracement, which is at 3860 on the ES fucutures. There's also resistance at 3855. Above 3860 resistance lines come at 5-7 point intervals up to 3900. Click to engorge. Round and round she goes, where she stops? I don't have a 5 day cycle projection yet. Zooming in to 30 minute bars, we see a 2-3 day cycle projection of 3883. No doubt, if they get that far, they'll get to a test of the high. The conventional measured move target of a breakout from this base at 3860 would be around 3920-25. But alas, it is only 4:30 in the AM in New York, and no one has seen this, or the fact that as I write, the ES is teasing a break of this new uptrend channel at 3849. If they can get it below 3843, da bearss could take charge again. Meanwhile that $96 billion in cash that the Treasury pumped into the accounts of the holders of expiring Treasury Bills that it did not roll over, is working, apparently. They've gotten the 10 year yield down from a panic high of 1.61 on Wednesday to 1.42 now. But the Treasury is settling $139 billion in new coupon issuance today. That should be good for a little puking today. Then on Tuesday and Thursday the Treasury has already scheduled rescue injections of another $55 billion. It's gonna be a chaotic week. This Week Will Tell If The Bear is Really Coming Out of Hibernation 2 - TECHNICAL TRADER FEBRUARY 28, 2021 Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes. I have added 8 new stocks to the swing trade chart pick list, including 2 shorts. Technical Trader subscribers click here to download the report. Not a subscriber? Follow Lee’s weekly swing trade chart picks with Lee Adler’s Technical Trader, risk free for 90 days! These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance. GO TO THE POST Here’s The Evidence That The US Treasury is Bailing Out Stricken Primary Dealers by Lee Adler, LIQUIDITY TRADER, FEBRUARY 27, 2021 GO TO THE POST This Week Will Tell If The Bear is Really Coming Out of Hibernation by Lee Adler - TECHNICAL TRADER FEBRUARY 28, 2021 GO TO THE POST To post your observations, 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 filter. Meanwhile, here's some free stuff I've written about this unfolding catastrophe. US Treasury Injects Another $30 Billion Into Market Treasury Announces It Will Inject ANOTHER $25 Billion For $125 Billion Weekly Total Treasury Announces It Will Inject ANOTHER $41 Billion Next Week Bulletin! Treasury Paying Down $55 BILLION RIGHT NOW to AVERT CATASTROPHE! Treasury Joins Fed to Try to Prevent Imminent System Collapse Primary Dealers are Already Dead Primary Dealers are Dead – Part 2 – Springtime Coming for Hibernating Bears FREE REPORT – Proof of How QE Works – Fed to Primary Dealers, to Markets, To Money Link to comment Share on other sites More sharing options...
This Week Will Tell If The Bear is Really Coming Out of Hibernation 2 - TECHNICAL TRADER FEBRUARY 28, 2021 Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes. I have added 8 new stocks to the swing trade chart pick list, including 2 shorts. Technical Trader subscribers click here to download the report. Not a subscriber? Follow Lee’s weekly swing trade chart picks with Lee Adler’s Technical Trader, risk free for 90 days! These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance. GO TO THE POST
Here’s The Evidence That The US Treasury is Bailing Out Stricken Primary Dealers by Lee Adler, LIQUIDITY TRADER, FEBRUARY 27, 2021 GO TO THE POST
Primary Dealers are Dead – Part 2 – Springtime Coming for Hibernating Bears FREE REPORT – Proof of How QE Works – Fed to Primary Dealers, to Markets, To Money
MisFit Kid Posted March 1, 2021 Report Share Posted March 1, 2021 How many holes does it take......? >: E-bay has cancelled their E-Bucks program...... "After careful consideration"........ Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2021 Author Report Share Posted March 1, 2021 49 minutes ago, MisFit Kid said: How many holes does it take......? >: E-bay has cancelled their E-Bucks program...... "After careful consideration"........ ??? 😕 Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2021 Author Report Share Posted March 1, 2021 2-3 day cycle projection 3885. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 1, 2021 Report Share Posted March 1, 2021 31 minutes ago, DrStool said: ??? 😕 Now we no how many holes it takes To fill the Albert Hall....... etc......et al........ >: E-bay was a side note........ >:: QE = Holes or Central Banks = "Holes" of an anal type Link to comment Share on other sites More sharing options...
Jorma Posted March 1, 2021 Report Share Posted March 1, 2021 20 minutes ago, DrStool said: 2-3 day cycle projection 3885. Just wait until the Fed announces its not QE, active management of the yield curve. There is zero popular or political opposition to this by the way. Everyone wants more money. However it seems to me that then nobody in their right mind would then buy Treasury coupons as the real interest rate will likely to go hugely negative. Well one problem at a time. As I've said for years, at every possible moment the answer is always more ease, more money, so the system can survive another day. On a little longer time frame the likelihood that there won't be a United States or US Treasury would seem to discourage investment in its debt but what do I know. https://www.nbcnews.com/think/opinion/pro-trump-republican-secession-rhetoric-texas-elsewhere-more-punchline-ncna1259016 Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 1, 2021 Report Share Posted March 1, 2021 Bombing Syria seems to work for World "Markets" too....... anyone up for a "China Trade Deal"......... Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2021 Author Report Share Posted March 1, 2021 THe 2-3 day cycle projection edged up to 3888. DONE. Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2021 Author Report Share Posted March 1, 2021 Just now, DrStool said: THe 2-3 day cycle projection edged up to 3888. DONE. Oops, now 3894 and still in flux.. Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2021 Author Report Share Posted March 1, 2021 Buttcoin is up $5600 today. Is that a lot? Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2021 Author Report Share Posted March 1, 2021 Seems to be targeting 65,000 Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2021 Author Report Share Posted March 1, 2021 I keep watch lists of both shorts and longs. Every single one is green. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 1, 2021 Report Share Posted March 1, 2021 3 minutes ago, DrStool said: I keep watch lists of both shorts and longs. Every single one is green. Does that make you 1/2 right.........? 😉 😵 Everything World-Wide is green......all a coincidence, too....... https://www.investing.com/indices/indices-futures Link to comment Share on other sites More sharing options...
DrStool Posted March 1, 2021 Author Report Share Posted March 1, 2021 Measured move target is 3928. I'm a shep tick until the clear 3900. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 1, 2021 Report Share Posted March 1, 2021 Bringing in the sheaves, bringing in the sheaves, We shall come rejoicing, bringing in the sheaves; Bringing in QE, bringing in QE, We shall come rejoicing, bringing in the QE. Link to comment Share on other sites More sharing options...
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