DrStool Posted January 3, 2023 Report Share Posted January 3, 2023 At least, so far this morning, looks like the monkey is getting choked, but let's look again after the first half hour of regular trading in New York in 3 hours from the time I'm writing this. Meanwhile, overnight, the Asians and Europeans were optimistic enough to push the ES, 24 hour S&P fugutures to a breakout of the right side of this rather awesome pattern that looks like a huge bottom going back a couple of weeks. But it also might be a consolidation on the way down. Normally, a pattern that looks like this ultimately breaks out topside, but in today's environment, I wouldn't want to presume. We won't know for sure until they actually clear the range one way or the other. The starting point for the bulls would be 3892. They gotta get through that first. If they do, the breakout would have a conventional measured move target of around 4010-15. If they don't clear 3892 today, I'll give my bear friends the benefit of the doubt. However, no clear win for them unless and until the get below the trendline now around 3800, approaching 3810 later today. For moron the markets, see: Here’s Where Short Term Signals Either Confirm Bullish Or Else January 2, 2023 Composite Liquidity Still Bearish, No End in Sight December 23, 2022 May Gold Be Merciful Unto Us, Amen December 19, 2022 I am working on swing trade screens right now for posting before NY opens. I'll have a gold update tomorrow, followed by a new Liquidity Trader Money Trends report focusing on December tax collections and yobs man. 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 January 3, 2023 Author Report Share Posted January 3, 2023 Swing Trade Screen Picks – New Year R&R Link to comment Share on other sites More sharing options...
DrStool Posted January 3, 2023 Author Report Share Posted January 3, 2023 Hmmmmm... Quote RHOIDERS - Jan 23- King Dollar's reign (definitely) coming to an end, bonds bouncing and emerging markets rising again are just some of the trades international money managers are betting on in 2023. https://www.reuters.com/markets/global-markets-top-trades-pix-2023-01-03/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=010323 Link to comment Share on other sites More sharing options...
DrStool Posted January 3, 2023 Author Report Share Posted January 3, 2023 Good to see a return to orderly markets. Link to comment Share on other sites More sharing options...
DrStool Posted January 3, 2023 Author Report Share Posted January 3, 2023 Talk about filling up a channel. Link to comment Share on other sites More sharing options...
DrStool Posted January 3, 2023 Author Report Share Posted January 3, 2023 Link to comment Share on other sites More sharing options...
Jorma Posted January 3, 2023 Report Share Posted January 3, 2023 Did you see the RRP soared to $2.55TN on the 30th. Link to comment Share on other sites More sharing options...
DrStool Posted January 3, 2023 Author Report Share Posted January 3, 2023 Yes, certainly good to see the return of orderly markets in the new year. Link to comment Share on other sites More sharing options...
DrStool Posted January 3, 2023 Author Report Share Posted January 3, 2023 9 minutes ago, Jorma said: Did you see the RRP soared to $2.55TN on the 30th. Year end window dressing. Does the same thing at the end of every quotter. Link to comment Share on other sites More sharing options...
DrStool Posted January 3, 2023 Author Report Share Posted January 3, 2023 Should drop back to where it was over the next 2-3 days. Link to comment Share on other sites More sharing options...
Jorma Posted January 3, 2023 Report Share Posted January 3, 2023 7 minutes ago, DrStool said: Should drop back to where it was over the next 2-3 days. Sure. Thing are normal. Well under control, over liquified. Seems to be working. Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 3, 2023 Report Share Posted January 3, 2023 The first day of the Bond "Monkey" Market..... What will it look like at the end of the year? Link to comment Share on other sites More sharing options...
DrStool Posted January 3, 2023 Author Report Share Posted January 3, 2023 RRPs dropped by $365 billion today. Bullish. Link to comment Share on other sites More sharing options...
Jimbo Posted January 4, 2023 Report Share Posted January 4, 2023 THE FEDIVERSE VS THE METAVERSE Who wants or needs to inhabit the metaverse when the FED created a financial fantasy world out of the real world....the Fediverse. If META chucked the metaverse the stock would probably double. The current lack of printing is simply a welcome return to reality. Printing is belief....fantasy. The ominus spending bill not good for stocks and bonds....crowding out effect. Link to comment Share on other sites More sharing options...
Jimi Posted January 4, 2023 Report Share Posted January 4, 2023 3 hours ago, Jimbo said: THE FEDIVERSE VS THE METAVERSE Who wants or needs to inhabit the metaverse when the FED created a financial fantasy world out of the real world....the Fediverse. If META chucked the metaverse the stock would probably double. The current lack of printing is simply a welcome return to reality. Printing is belief....fantasy. The ominus spending bill not good for stocks and bonds....crowding out effect. The Frediverse…. Link to comment Share on other sites More sharing options...
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