DrStool Posted October 14, 2022 Report Posted October 14, 2022 The Federal Plunge Protection Team (PPT) swung into action early yesterday, triggering a marketwide short squeeze with spectacular results. But these interventions can only last so long. The market must then sink or swim on its own. 5 day cycle projections on the ES 24 hour futures chart of the S&P 500 says that this one will swim to a target of 3725, and then start sinking again. The problem is that buying spikes like this in an environment where there's a shortage of liquidity that is constantly getting worse only serve to weaken the market, which must repeatedly lead to lower lows. We Now Know When and Where Gold Will Bottom October 14, 2022 We Can Now Project When Fed Will Pause, But Not Reverse October 13, 2022 Swing Trade Screens – Plunging in on the Short Side October 11, 2022 Market Reaches Do or Die, Right Here October 10, 2022 Look Out For the Real Fallout of Declining Withholding Tax Collections – Part 2 October 6, 2022 Look Out For the Real Fallout of Declining Withholding Tax Collections October 5, 2022 Swing Trade Screens – Beware! This Swing is Old October 3, 2022 Stocks Have Much At Stake Right Now October 2, 2022 Gold Reason to Hope No Reason for Optimism September 30, 2022 Markets Face Catastrophe as Dealers Mitigate Too Little Too Late September 26, 2022 Fed Speeds Into Dead Man’s Curve, More Black Tuesdays Ahead September 15, 2022 There Will Be More Black Tuesdays September 14, 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.
Jimi Posted October 14, 2022 Report Posted October 14, 2022 19 minutes ago, fxfox said: British Finance Minister sacked UFB.
Jimi Posted October 14, 2022 Report Posted October 14, 2022 Just now, Jimi said: UFB. Last thing I saw on Bloomberg before I went to bed last night was that guy reassuring everyone how he was going to be sticking around. LOL. https://www.bloomberg.com/news/articles/2022-10-13/kwarteng-says-he-s-not-going-anywhere-sticks-to-economy-plan
Jorma Posted October 14, 2022 Report Posted October 14, 2022 40 minutes ago, fxfox said: British Finance Minister sacked
fxfox Posted October 14, 2022 Report Posted October 14, 2022 34 minutes ago, Jimi said: Last thing I saw on Bloomberg before I went to bed last night was that guy reassuring everyone how he was going to be sticking around. LOL. https://www.bloomberg.com/news/articles/2022-10-13/kwarteng-says-he-s-not-going-anywhere-sticks-to-economy-plan That story get's even better: Kwarteng did fly to the IMF meeting in Washington on Thursday. Then he get's called back by Truss. Flies back to London, just to get sacked there, then he flies back to Washington today.
Jimi Posted October 14, 2022 Report Posted October 14, 2022 2 minutes ago, fxfox said: That story get's even better: Kwarteng did fly to the IMF meeting in Washington on Thursday. Then he get's called back by Truss. Flies back to London, just to get sacked there, then he flies back to Washington today. Shortest-serving Chancellor of the Exchequer in over 200 years whose term was otherwise not cut short by death.
The CoinGuy Posted October 14, 2022 Report Posted October 14, 2022 It's hard to believe we're back at 3720. That was a quick 220 points... TCG
DrStool Posted October 14, 2022 Author Report Posted October 14, 2022 2 hours ago, fxfox said: British Finance Minister sacked How many yards did he lose?
Jimi Posted October 14, 2022 Report Posted October 14, 2022 3 minutes ago, DrStool said: How many yards did he lose? In today’s unwatchable NFL, the British Press was called for roughing the passer & the Tories get the automatic 1st down.
Jorma Posted October 14, 2022 Report Posted October 14, 2022 I suggest bookmarking this. It shows global internet outages. Someday it might come in handy, if you've got internet. https://bgpstream.crosswork.cisco.com/
Jorma Posted October 14, 2022 Report Posted October 14, 2022 I'm done telling stupid dad jokes. Well mostly, maybe. This ain't no party This ain't no disco This ain't no fooling around.
sandy beach Posted October 14, 2022 Report Posted October 14, 2022 And just like that the 10 year treasury is yielding over 4%.
sandy beach Posted October 14, 2022 Report Posted October 14, 2022 And just like that the USD.JPY is over 148.
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