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4220 or Bust 4/27/21

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While this market is trying to put me to sleep, I am writing a Fed BS report (BS= Balance Sheet) and patiently building a fartpolio of stanks for the long hole. 

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My holding period is 3 days to 3 weeks. 😄

I'm 70 years old. There is no long haul. 

But yes. The setup remains bullish, sorry to say. 

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I don't argue with the Fed, and I don't argue with intermediate term trend indicators. 

https://liquiditytrader.com/index.php/2021/04/25/stock-market-gets-knocked-down-but-still-packs-punch/

And those 58 buy signals from the screens are nothing to argue with either. Although they have been whippy lately. 

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Which setup will it be--the old double bottom and rocket up, or the old higher low reversal at the 5/8 line and rocket up? Smashing through this morning's low seems like a lot to ask lately. 

Screen Shot 2021-04-27 at 12.08.51 PM.png

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34 minutes ago, Mkucstars said:

I I don't doubt you either, I do appreciate your insights into the fed and the macro side of things. Much respect for what you do! 

Thanks! 😊 

Just writing that the Fed and Treasury are absolutely burying the market in cash right now. It's hideous. They had to do it or the Treasury market would have completely collapsed. 

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But now it's over liquified and the shit that's going on speculatively will eventually come home to roost. 

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Nobody wants to be bearish more than I do. First of all, it's my natural proclivity. Secondly, it's right. Third, the only time my subscriber base grows materially is during bear phases. I've been through some loooooooong droughts. 

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