DrStool Posted October 26, 2022 Report Share Posted October 26, 2022 Apparently there were a couple of earnings calls last night that didn't go so well. The market sold off after the closing bell. But after getting squeezed relentlessly for a week, European bears woke up this morning in a mood, and they started covering before the ES 24 hour S&P fugutures broke any significant trend sport lines. And so this morning it looks to me like they'd need to get it below 3810 to have any chance of getting anything going on the downside. Barring that, those betting on P is for Pause, will remain in charge until further notice. That being when the cash and credit run out, or for the US Treasury rides to the rescue and announces, yes Virginia, we're doing buybacks starting right now. Normally, when bettors try to front run a Fed policy change, they lose because the Fed typically waits for full blown crisis to act. Would the US Treasury behave any differently? I doubt it. Fed and Treasury people are like interchangeable parts. Former Fed Chair is current Treasury Secretary. Stay tooned. Swing Trade Screens – Operation Extrication October 24, 2022 Technical Signs Say Doubt This Rally October 23, 2022 Signs of an Intermediate Bottom in Gold October 22, 2022 Bears Beware, Treasury Buybacks Will Turn the Markets, Sooner Not Later October 21, 2022 Swing Trade Screens – Overloaded on the Short Side October 17, 2022 On the Edge of the Abyss, Can the Market Fly? October 17, 2022 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 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 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. Link to comment Share on other sites More sharing options...
DrStool Posted October 26, 2022 Author Report Share Posted October 26, 2022 Meanwhile BTC had a major trendline breakout yesterday on a linear scale chart. It was a 5 month trendline break on a log chart. So either way, this chart is bullish for now, with clearance to run to 25,000. In the Department of BTC Leads, that's something for bears to worry about. Linear Scale Log Scale Liquidity Trader- Money Trends How Fed and Treasury policy, Primary Dealers, real time Federal tax collections, foreign central banks, US banking system, and other factors that affect market liquidity, interact to drive the financial markets. Focus on trend direction of US bonds and stocks. Resulting market strategy and tactical ideas. 4-5 in depth reports each month. Click here to subscribe. 90 day risk free trial! Link to comment Share on other sites More sharing options...
DrStool Posted October 26, 2022 Author Report Share Posted October 26, 2022 Toulouse is a vibrant, beautiful city. A really pleasant place to hang out for a weekend. And it may just be the street food capital of Europe. For a guy who loves street food, this is heaven! Wow! Link to comment Share on other sites More sharing options...
fxfox Posted October 26, 2022 Report Share Posted October 26, 2022 Apple and Amazon better drop bombs tommorow… Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 26, 2022 Report Share Posted October 26, 2022 2 hours ago, fxfox said: Apple and Amazon better drop bombs tommorow… AAPL already put out some bad news last week or so (iPhone 14) they rallied..... >: opening bell rally seems to be the agenda Link to comment Share on other sites More sharing options...
DrStool Posted October 26, 2022 Author Report Share Posted October 26, 2022 This is so annoying. Link to comment Share on other sites More sharing options...
DrStool Posted October 26, 2022 Author Report Share Posted October 26, 2022 Half point shy of a double top. Or double top breakout. It all depends. Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 26, 2022 Report Share Posted October 26, 2022 Looks like the Friday Morning World Intervention from last week...... is now law..... Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 26, 2022 Report Share Posted October 26, 2022 SPX 3600 was "THE PUT" heard around the world...... >: or in another language is that........ "Pivot Put" Link to comment Share on other sites More sharing options...
fxfox Posted October 26, 2022 Report Share Posted October 26, 2022 Can‘t totally rule out that the UK pension fund thing was „IT“. Remember: We are NOT early in the bear. Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 26, 2022 Report Share Posted October 26, 2022 of futher note, the Bank of Canada raised rates "less than expected" (.5 instead of .75)...... Canadian Pivot? soon to be followed by the upcoming FED show.....? Link to comment Share on other sites More sharing options...
fxfox Posted October 26, 2022 Report Share Posted October 26, 2022 Junks Bonds bottomed? TLT up Dollar down Stocks up Yields down —> they saved the world. Again. Link to comment Share on other sites More sharing options...
DrStool Posted October 26, 2022 Author Report Share Posted October 26, 2022 Dead. Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 26, 2022 Report Share Posted October 26, 2022 13 minutes ago, fxfox said: Can‘t totally rule out that the UK pension fund thing was „IT“. Remember: We are NOT early in the bear. The least "feared" Bear Market....... And now the "Saviors" can all collect their Nobel Prize..... Link to comment Share on other sites More sharing options...
DrStool Posted October 26, 2022 Author Report Share Posted October 26, 2022 Similar base pattern as in June. Good for a 6 week rally that we're a week into. Link to comment Share on other sites More sharing options...
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