DrStool Posted June 1, 2021 Report Share Posted June 1, 2021 That's right. Da bulls. A tad early for a 5 day cycle projection but if this just hangs around here for a few hours, we'll be looking 4235-40. When I zoom in to the 30 minute bars, I get a 2-3 day cycle projection around 4238, the old high. But trend resistance is indicated around 4229. The cycle indicators are bullish on both time frames, although they're getting near their usual top zones. That leaves room for a pop going into NY open. Then we'll see what transpires in the early going in regular hours. Pullback or breakout? RIght now, at 6:10 AM in NY, 4221 is the number to beat. Welcome back to your screens, stock traders! If you are a new visitor, 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 filter. Meanwhile, Dull as Hell, And Still Bull LEE ADLER 2 - TECHNICAL TRADER MAY 31, 2021 Volatility Subsides, But Range Remains, Picking off Stops LEE ADLER 2 - TECHNICAL TRADER MAY 29, 2021 Here’s Why the Treasury Paydowns Aren’t As Bullish As Expected LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS MAY 28, 2021 Link to comment Share on other sites More sharing options...
Volatility Subsides, But Range Remains, Picking off Stops LEE ADLER 2 - TECHNICAL TRADER MAY 29, 2021
Here’s Why the Treasury Paydowns Aren’t As Bullish As Expected LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS MAY 28, 2021
DrStool Posted June 1, 2021 Author Report Share Posted June 1, 2021 Thanks to Chris Whalen for featuring Liquidity Trader today! Lee Adler: Banks Are As Fragile As Ever Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over.... Link to comment Share on other sites More sharing options...
Thanks to Chris Whalen for featuring Liquidity Trader today! Lee Adler: Banks Are As Fragile As Ever Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over....
DrStool Posted June 1, 2021 Author Report Share Posted June 1, 2021 1 hour ago, DrStool said: But trend resistance is indicated around 4229. Tagged. Link to comment Share on other sites More sharing options...
Jimbo Posted June 1, 2021 Report Share Posted June 1, 2021 SO INFLATION IS ABOUT 4% That makes the yield on the ten year bond minus 2.5%. A nice inflationary gift to assets with high J Numbers (I decided to rebrand the IG number to a J number ...after my nom de plume) J Number Definition: The J number is the annual increase in the owners equity value in an asset's price, above the rate of inflation, due to the transfer of the real value of the debt attached to that asset, through the inflationary mechanism, from the lender of the debt to the owner of the asset. Link to comment Share on other sites More sharing options...
DrStool Posted June 1, 2021 Author Report Share Posted June 1, 2021 Yet another agressive little selloff. Link to comment Share on other sites More sharing options...
DrStool Posted June 1, 2021 Author Report Share Posted June 1, 2021 Hmmm. What's this? Link to comment Share on other sites More sharing options...
DrStool Posted June 1, 2021 Author Report Share Posted June 1, 2021 Rangebound slot racing. Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 1, 2021 Report Share Posted June 1, 2021 Soybeans working on a bit of market symmetry this morning. Link to comment Share on other sites More sharing options...
DrStool Posted June 1, 2021 Author Report Share Posted June 1, 2021 Top of channel to bottom of channel. Link to comment Share on other sites More sharing options...
DrStool Posted June 1, 2021 Author Report Share Posted June 1, 2021 6 days in the same1% range. Link to comment Share on other sites More sharing options...
DrStool Posted June 1, 2021 Author Report Share Posted June 1, 2021 Really. Can't they make it any duller? Link to comment Share on other sites More sharing options...
Jimbo Posted June 2, 2021 Report Share Posted June 2, 2021 THE FEDS $500 BILLION REVERSE REPO Thats a risk off action. A lot of the smart money has cashed in their chips and gone risk off for the rest of the year. So the FED had to mop up $500 billion of loans to hedge funds etc that was no longer needed for speculative leveraged plays. This is probably due to the Archegos blow up and the banks tightening their lending criteria and increasing their margin requirements. This will probably make short squeezes a lot less frequent going forward. The world has been awash in cheap speculative credit priovided by the FED that has lead to an orgy of overvalued assets (including the ramping of commodity prices). Link to comment Share on other sites More sharing options...
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