DrStool Posted January 6, 2023 Report Share Posted January 6, 2023 It's jobs day. Tax receipts say there was a jobs boom in December. What will the Bureau of Liar Statistics say? Withholding Taxes Are Soaring Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 Meanwhile, the hourly chart of the ES, S&P 24 hour fucutures is a so what, before the BLS let's loose. No doubt the futures will start to move 5 minutes before the report is out. But whether that move is in the "right" direction is anybody's guess. The chart is poised to do one of two things, with a third thing as an option. I can confidently guarantee that one of these will happen. Up Down or Sideways. There's still a 5 day cycle projection of 3780. So there's that. But from there, who knows. Obviously if they break 3794, the market should start to shit itself, but then there are the dipshits, so we'll see. For moron the markets, see: Withholding Taxes Are Soaring January 6, 2023 Gold Has Begun a Cyclical Bull Market January 4, 2023 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 6, 2023 Author Report Share Posted January 6, 2023 I was wrong. 10 minutes before. Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 9 minutes ago, DrStool said: I was wrong. 10 minutes before. Now covering their tracks. As if no one noticed. Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 Certainly the opposite of what I expected so far. Although the jobs gain would seem to be understated by about half. Link to comment Share on other sites More sharing options...
fxfox Posted January 6, 2023 Report Share Posted January 6, 2023 20 minutes ago, DrStool said: Certainly the opposite of what I expected so far. Although the jobs gain would seem to be understated by about half. They picked the number they like. This time it was downmove in hourly earnings. It‘s not your fault. 😂 Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 Your Federal Reserve Celebrating orderly managed markets since 1913 Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 Summers is pumping. Should we be dumping? https://t.co/E9BRSDJiF1 Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 2-3 day cycle projection 3860, done Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 If you are trading the tick chart, the market has been very orderly. Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 See, here's a 1 minute chart. Look. Perfectly normal. Link to comment Share on other sites More sharing options...
fxfox Posted January 6, 2023 Report Share Posted January 6, 2023 1 hour ago, DrStool said: Your Federal Reserve Celebrating orderly managed markets since 1913 Is this accumulation? Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 5 minutes ago, fxfox said: Is this accumulation? Apparently. You can only judge by the result. Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 The new narrative. Strong jobs growth, low inflation. Link to comment Share on other sites More sharing options...
DrStool Posted January 6, 2023 Author Report Share Posted January 6, 2023 Also low liquidity. Borrow now or miss the rally. Link to comment Share on other sites More sharing options...
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