DrStool Posted November 21, 2022 Report Share Posted November 21, 2022 Stock Market Is Grinding Through Resistance - The question is whether resistance or upside momentum will win. The answer will come this week. Here are the directional signals. Technical Trader subscribers click here to download the complete report. Non subscribers click here to access. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! Disucss below. Meanwhile, here at our short attention span dissucs forum, we forcus on the hourly chart of the ES, 24 hour S&P fugutures. We axe, To downtrend, or not to downtrend, that is the querstion. The answer is abundantly clear. It is... Drumroll please... ... ... ... ... Neither. Let us take note of the fact, however, that the 4 day downtrend is intact, and will remain so unless the boyz take it above 3967 to close any hour today. We should Oslo make a mental note of the fact that there's a turkey in the oven during Tanks giving week. Nobody eats beef, therefore cows get to avoid the slaughterhouse this week. Meanwhile, the crypto crappocollapse continues to target much lower levels. Short term target 13,500 Longer term target, still 5000 below zero. Click the links below for moron the markets. Swing Trade Screen Picks – Cautiously Bearish November 21, 2022 Stock Market Is Grinding Through Resistance November 21, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 2022 Golden Surprise November 15, 2022 The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022 Bond Market Rally is Technically Valid but Belies the Facts November 12, 2022 Bad News for the Markets – Not Just Withholding Boomed in October November 3, 2022 Surge in Withholding Tax Collections in October Indicates Faster Jobs Growth November 2, 2022 Bear Market Isn’t the Mirror of a Bull October 31, 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 November 21, 2022 Author Report Share Posted November 21, 2022 Swing Trade Screen Picks – Cautiously BearishNovember 21, 2022 Link to comment Share on other sites More sharing options...
fxfox Posted November 21, 2022 Report Share Posted November 21, 2022 Tesla death march. Don‘t forget: At one point Tesla‘s market cap was higher than that of ALL other car producers world wide COMBINED. Link to comment Share on other sites More sharing options...
fxfox Posted November 21, 2022 Report Share Posted November 21, 2022 We gonna leave disinflation out and go directly into deflation. Link to comment Share on other sites More sharing options...
DrStool Posted November 21, 2022 Author Report Share Posted November 21, 2022 But we gonna do dysentery. Link to comment Share on other sites More sharing options...
DrStool Posted November 21, 2022 Author Report Share Posted November 21, 2022 What just happened? Energy stocks reversed like batsouttahell. Link to comment Share on other sites More sharing options...
DrStool Posted November 21, 2022 Author Report Share Posted November 21, 2022 OK, I'm glad because I have assumed positions, but why would oil and gas stocks be rallying on news that OPEC is increasing production. Itsnuts. Link to comment Share on other sites More sharing options...
sandy beach Posted November 21, 2022 Report Share Posted November 21, 2022 Saudi Energy Minister, Prince Abdulaziz bin Salman, categorically denies recent reports that Saudi Arabia is discussing with other OPEC producers an output increase of 500 thousand barrels per day. https://www.spa.gov.sa/viewfullstory.php?lang=en&newsid=2403197 Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 21, 2022 Report Share Posted November 21, 2022 So the WSJ Hit Piece leak this morning.......was wrong........ In the words of Reginald Albert "Red" Forman...... someone needs a foot in the A$$ Link to comment Share on other sites More sharing options...
fxfox Posted November 21, 2022 Report Share Posted November 21, 2022 4 hours ago, DrStool said: But we gonna do dysentery. Where‘s stoolie Poopy Diaper when we need him? 🧐 Link to comment Share on other sites More sharing options...
sandy beach Posted November 21, 2022 Report Share Posted November 21, 2022 Apollo is really the world's garbage can: https://www.bloomberg.com/news/articles/2022-11-21/apollo-raises-2-4-billion-credit-fund-to-buy-hung-bank-loans Link to comment Share on other sites More sharing options...
fxfox Posted November 21, 2022 Report Share Posted November 21, 2022 Regarding Rosenberg interview posted yesterday: Basically he said the FED wants to end the disconnect between real economy and the stock market. He said the FED itself knows that the inflation high is already in and that they use that talk about „fight inflation“ only as carmouflage, so that they have a reason to hike more and hide their real intentions. He makes many idealistic assumptions such as that till roughly 1982 the stock market was more or less only a refinancing mechanism for corporates. Well, in theory that‘s correct, but in practice we know the speculative element is quite large since hundreds of years. He said that when you were a broker at Merill in 81 and made a cold call the called guy would immediately hang up or call the police. Means: There was total capitulation. My thoughts: Poopwell will NOT be the one who we kill the animal spirits and restore a „healthy“ stock market. He is too much a guy from the finance industry. At a certain point - at the latest if we would go below 3000 - the pressure on the FED from all sides of the political spectrum will get enormous and they will give in. Link to comment Share on other sites More sharing options...
DrStool Posted November 21, 2022 Author Report Share Posted November 21, 2022 How can you stand the excitement. Link to comment Share on other sites More sharing options...
DrStool Posted November 21, 2022 Author Report Share Posted November 21, 2022 20 minutes ago, sandy beach said: Apollo is really the world's garbage can: https://www.bloomberg.com/news/articles/2022-11-21/apollo-raises-2-4-billion-credit-fund-to-buy-hung-bank-loans At first I thought it said bung hank loans. Link to comment Share on other sites More sharing options...
Jorma Posted November 21, 2022 Report Share Posted November 21, 2022 Hell of a VIX crush today. August gap in sight now, Link to comment Share on other sites More sharing options...
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