DrStool Posted August 4, 2022 Report Share Posted August 4, 2022 I haven't seen so much green on a chart of the ES 24 hour continues S&P futures since I was in Ireland on St. Patty's Day. Oh. Wait. I've never been there, done that. Meanwhile, both the 2-3 day and 5 day cycle projections have moderated to 4165-74. I thought it would be interesting to split the difference between the usual one hour bar look, and 30 minute bars. This is a look at 45 minute bars. On this basis it sure does look like this goose is ready to come out of the oven. It may go a little higher, but as long as it stays at no more than 4177, the bears have a shot. We'd need to see around 4145 for a decent sell confirmation. Meanwhile, are we about to get some good news on gold. A little more upside here would break the downtrend, and perhaps confirm my bottom call. To understand and profit from the big picture check out the following. Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022 Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022 Swing Trade Screens – We Had Longs, Yay! But… August 1, 2022 To Blow Off, or Not to Blow Off – That Is the Question August 1, 2022 Gold Has Made a Bottom July 28, 2022 The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022 As Good As it Gets, Before the End of Time July 18, 2022 Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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 filter. Link to comment Share on other sites More sharing options...
fxfox Posted August 4, 2022 Report Share Posted August 4, 2022 Break 4078 and the top is in. Last 2 days was bringing the monthly inflows to work. Link to comment Share on other sites More sharing options...
DrStool Posted August 4, 2022 Author Report Share Posted August 4, 2022 They're trying to bore us to death. Link to comment Share on other sites More sharing options...
Jimi Posted August 4, 2022 Report Share Posted August 4, 2022 15 minutes ago, DrStool said: They're trying to bore us to death. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 4, 2022 Report Share Posted August 4, 2022 You Fargin Iceholes....Made me buy My AAPL back (Hedged my britches) Buy_write 125 Nov.......1 call (100 Shiets).... I feel soiled.......... >: Looking to spend the "premium" like a "SF Central Banker" >:: In the day, I would Load UP on Div stocks, that is not want CB Ponzi is about.... >::: So which crypto is the Dividend Kings of the New World Order?????? Wells, Hux, Aismov, Et Al...... did not tell US......... >:::: Asking for Bismillah? Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 4, 2022 Report Share Posted August 4, 2022 Should have just Leveraged UP on AAPL Buy-Writes suck for now......Just like the last 10+ QE years...and counting >: Crime Pays for the CB's/FED/Insiders....they can even tweet their Disdain.......Hood Spu?.......(Hood Spa?) Or FU ALL... Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 4, 2022 Report Share Posted August 4, 2022 Inflation Does Not Matter to FED members........(you have seen it by now) Now let us all talk about that "tight" "tight condicktions" Condisations "Inflation" Et Al QE QT ECB saying 0% is the tight and brutal juice........ Good thing EPL starts this week....Ronaldo(300K salary- A WEEK) says he is/wants out (pawner) who wants that kinda grift? Every US congress and EU Criminal Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 4, 2022 Report Share Posted August 4, 2022 I have an "uncle Frank" , who just passed and was on his death bed for 5 year (no shit) GM insurance from the 60's his wife, is now in hospital and "failing", she also has/had 10+ problems(morbid) according to US health care (GM insurance) They now say she wil not make it a week....but they they will keep trying. They are/were both 85+ Lets all now talk about health/health insurance US specific Link to comment Share on other sites More sharing options...
DrStool Posted August 4, 2022 Author Report Share Posted August 4, 2022 the Good News is that gold shorts are getting slaughtered today. Next up. Bond shorts. Link to comment Share on other sites More sharing options...
DrStool Posted August 4, 2022 Author Report Share Posted August 4, 2022 Bonne nuit et bonne chance. Link to comment Share on other sites More sharing options...
fxfox Posted August 4, 2022 Report Share Posted August 4, 2022 20 minutes ago, DrStool said: the Good News is that gold shorts are getting slaughtered today. Next up. Bond shorts. You forgot to say Bond YIELD shorts. Not that some poor souls go long TLT. 😂 Link to comment Share on other sites More sharing options...
fxfox Posted August 4, 2022 Report Share Posted August 4, 2022 Consensus for NFP tomorrow is that it will virtually „crash“ from 372k to 250k. If it comes in better, we will now say „then they gonna sell because of fear of tight FED“. But they could also promote the narrativ that the FED lies and won‘t be as tight as it said… Fact is, there was more liqui than we thought since June bottom. Where did it come from? No one knows. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 5, 2022 Report Share Posted August 5, 2022 3 hours ago, fxfox said: Consensus for NFP tomorrow is that it will virtually „crash“ from 372k to 250k. If it comes in better, we will now say „then they gonna sell because of fear of tight FED“. But they could also promote the narrativ that the FED lies and won‘t be as tight as it said… Fact is, there was more liqui than we thought since June bottom. Where did it come from? No one knows. It never stopped......and it never will...... Link to comment Share on other sites More sharing options...
Jimbo Posted August 5, 2022 Report Share Posted August 5, 2022 MUSINGS ON THE RECENT RALLY IN STOCKS (AND BONDS) This is another bear market rally.... It will end...... And the river of time will flow endlessly into the quiet night. Link to comment Share on other sites More sharing options...
fxfox Posted August 5, 2022 Report Share Posted August 5, 2022 528k vs 250k expected what s landslide! also average hourly earnings UP, not down as expected Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.