DrStool Posted December 13, 2022 Report Share Posted December 13, 2022 Another day, another squeeze. Shorts are getting purged. It's ugly. The 5 day cycle projection on the ES, 24 hour S&P futures has risen to 4045. If this base breakout sticks, it has a measured move target of 4105. Multiple crossings of the 3900-4100 range has left it exceptionally thin, with fewer and fewer offers within the range. So we won't really know just how strong the market is until the top of the range, or at least the downtrend line at 4060, is challenged. I can't wait till 8:30 to see how they react to weaker than expected CPI. Whoa Nellie. For moron the markets, see: Swing Trade Screen Picks – 4 More Shorts. 4 More Shorts December 12, 2022 Limited Supplies Delivered At Bear Custard’s Last Stand December 12, 2022 Gold Hones In On New High Projections December 9, 2022 Federal Tax Revenues Are Slowing December 6, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 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 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...
MisFit Kid Posted December 13, 2022 Report Share Posted December 13, 2022 Crime Pays that is what is all about Link to comment Share on other sites More sharing options...
DrStool Posted December 13, 2022 Author Report Share Posted December 13, 2022 Good god. Link to comment Share on other sites More sharing options...
MisFit Kid Posted December 13, 2022 Report Share Posted December 13, 2022 It really did not matter what the F was said It was a Jam Job in the Making AGAIN Link to comment Share on other sites More sharing options...
MisFit Kid Posted December 13, 2022 Report Share Posted December 13, 2022 I went to ALDI yesterday to get some food.......guess that does not count (Food) Inflation month to month was 10% on most of their items and most have moved up 30-50% this year........(at the least)........ Link to comment Share on other sites More sharing options...
MisFit Kid Posted December 13, 2022 Report Share Posted December 13, 2022 Biggest drop in CPI Headline YoY (0.64%) since April 2020 (Covid shut down) "Government Data" saves the day, again...... >: Imagine going up a thousand points TWICE in a month because inflation is above 7%….. what a time to be alive, right? Link to comment Share on other sites More sharing options...
MisFit Kid Posted December 13, 2022 Report Share Posted December 13, 2022 We also now know why the "over night market hours" are when all the money is made, vs the "normal hours" "market" Link to comment Share on other sites More sharing options...
SiP Posted December 13, 2022 Report Share Posted December 13, 2022 off to the races. Road to new high open on DJIA? Link to comment Share on other sites More sharing options...
SiP Posted December 13, 2022 Report Share Posted December 13, 2022 From monthly perspective SPX looks pretty bullish. They saved the day in october on 55/50EMA SMA and now they are crossing 12SMA and magic line I would be great for bulls to close december above 4350 Link to comment Share on other sites More sharing options...
WTF Posted December 13, 2022 Report Share Posted December 13, 2022 I still believe the equity market is more likely to be down in a month then up. Could be back down as soon as tomorrow Link to comment Share on other sites More sharing options...
Jorma Posted December 13, 2022 Report Share Posted December 13, 2022 Everybody knows that soon the Fed will be doing QE infinity, like Japan. Which by the way finally has inflation after 40 years and BOJ is still buying. I keep coming back to everyone wants QE infinity. Nobody is against it. The thing is it's a show me the money Jerry world. I think. Link to comment Share on other sites More sharing options...
TurdButter Posted December 13, 2022 Report Share Posted December 13, 2022 Is QT no longer relevant? And if Fed wants to maintain credibility, tomorrow they need to be harsher than now thought-75 bp or/and vicious commentary. Margin loan increase? Link to comment Share on other sites More sharing options...
WTF Posted December 13, 2022 Report Share Posted December 13, 2022 Perfect shorting opportunity in the SPX for a double top. Link to comment Share on other sites More sharing options...
potatohead Posted December 13, 2022 Report Share Posted December 13, 2022 which is more impressive, this short covering rally (blowing out all stops) or going a straight week without waking up in the middle of the night to take a piss. Link to comment Share on other sites More sharing options...
WTF Posted December 13, 2022 Report Share Posted December 13, 2022 SPY options max pain $391 for the 12/16/22. Think they let truckloads of money just disappear? Link to comment Share on other sites More sharing options...
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