DrStool Posted January 4, 2023 Report Share Posted January 4, 2023 If you are day trading a 5 day cycle, you lose. If you are day trading a 3 day cycle, you lose. If you are trading a two day cycle you were good until yesterday. Yesterday, not so much. Now if you downshift to trading 1 day, intraday cycles, I guarantee, they will bomb you with a breakout and extended move. Which means one of two things. You will either be positioned the wrong way and get crushed. Or you will be left standing on the platform when the train leaves the station. OK so I'm talking about myself again. Oy. As I complete my complaint, the ES 24 hour S&P fucutures have downticked to set up a new downtrend channel. They gotta break 3794 to get anything rolling on the downside, for starters. I am working on a Gold Trader update. 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...
SiP Posted January 4, 2023 Report Share Posted January 4, 2023 Most people were recommending shorting gold couple months ago, especially below key support level. since couple of months (due to lower rates) gold just keep climbing. now what? Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2023 Author Report Share Posted January 4, 2023 Gold Has Begun a Cyclical Bull Market Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2023 Author Report Share Posted January 4, 2023 10 minutes ago, SiP said: Most people were recommending shorting gold couple months ago, especially below key support level. Never saw that. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2023 Author Report Share Posted January 4, 2023 Of course, I don't follow anybody. So if it's not in my twigger feed, I wouldn't see it. Musk is gonna burn that and Tesla to the ground and take it all down with him. This is the pattern of malignant narcissism. Link to comment Share on other sites More sharing options...
SiP Posted January 4, 2023 Report Share Posted January 4, 2023 3 hours ago, DrStool said: Of course, I don't follow anybody. So if it's not in my twigger feed, I wouldn't see it. Musk is gonna burn that and Tesla to the ground and take it all down with him. This is the pattern of malignant narcissism. it was everywhere when gold broke 1700 to the downside. Iv seen many recommending short till 1300-1500. Link to comment Share on other sites More sharing options...
SiP Posted January 4, 2023 Report Share Posted January 4, 2023 Pretty bulish start of the year. Banks leading, also in Poland. Many are sayin that inflation peaked (especially goods) and we are approaching goldilocks period (disinflation) which is great for stocks. Most dont look at labour market and inflation in sevice sector. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2023 Author Report Share Posted January 4, 2023 1 minute ago, SiP said: it was everywhere when gold broke 1700 to the downside. Iv seen many recommending short till 1300-1500. If it was "everywhere" I must be blind. I was concerned that it would go lower, but it stick saved itself. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2023 Author Report Share Posted January 4, 2023 2 minutes ago, SiP said: Pretty bulish start of the year. Banks leading, also in Poland. Many are sayin that inflation peaked (especially goods) and we are approaching goldilocks period (disinflation) which is great for stocks. Most dont look at labour market and inflation in sevice sector. Please stop with the "everybody" said, or "many" said. Post the actual with link, if available. Non specific hearsay is useless. Copy and paste the snip of what you saw and who said it. Thanks. I Pronounced Inflation Dead on November 20 Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2023 Author Report Share Posted January 4, 2023 Was there some news? Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2023 Author Report Share Posted January 4, 2023 It was a joke. Link to comment Share on other sites More sharing options...
Jimi Posted January 4, 2023 Report Share Posted January 4, 2023 Actually, FWIW, a minor/abrupt down-move came - I think - right when the 5th vote against McCarthy was registered, thereby assuring another defeat. May have been something - someone's simple "Sell" order. Just making the observation. Link to comment Share on other sites More sharing options...
SiP Posted January 4, 2023 Report Share Posted January 4, 2023 I attach just first pic from my feed regarding peak inflation. plenty of them on twitter. actually its v. hard to find the opposite. it started to pop up in my feed in september-october. I even mentioned that based on healthcare cost (change in cpi as it was presented in one of the podcast). by everybody I mean like twitter consensus. Im following bears, bulls etc. Link to comment Share on other sites More sharing options...
PullMyFinger Posted January 4, 2023 Report Share Posted January 4, 2023 File this in the painfully obvious department: with AAPL and TSLA up smartly today, feels like NQ would be up about a zillion if not for MSFT getting Old Yellered out behind the barn. Link to comment Share on other sites More sharing options...
fxfox Posted January 4, 2023 Report Share Posted January 4, 2023 You know what fascists and communists have in common? Making lists. So here we go: The „Stanford List“: https://s.wsj.net/public/resources/documents/stanfordlanguage.pdf If that list ever becomes Federal Law the days of the Stool are counted. 😂😂😂 Link to comment Share on other sites More sharing options...
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