DrStool Posted January 13 Report Share Posted January 13 But why? Don't know. Don't care. The Wall Street Illuminati are blaming the TSLA price cuts. We knew inflation was dead back in November. By the time the Fed wakes up to outright deflation it will be too late. So today, if that's the Raison du Jour, so be it. We've had a hard break in the trend and the 5 day cycle oscillators, but there are sport lines at 3748 and 3741. Take those out and bears are in bidness. At least to 3919. 😉 Meanwhile central bank balance sheets are crashing. Only a matter of time until the markets follow suit. I will update the liquidity outlook later today or if I don't finish, then Saturday AM. Don't miss out! Subscribe here. For moron the markets, see: Gold in Them Thar Hills, January 11, 2023 Swing Trade Screen Picks – Low Conviction January 9, 2023 You Think That Was The Bottom? Think Again January 8, 2023 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 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. 1 Link to comment Share on other sites More sharing options...
Jorma Posted January 13 Report Share Posted January 13 This whole dollar crash thing looks like a some big trades blowing up somewhere. I suppose the wild yield curve is crushing a few somebodies too. TNX being pummeled. Link to comment Share on other sites More sharing options...
DrStool Posted January 13 Author Report Share Posted January 13 6 minutes ago, Jorma said: This whole dollar crash thing looks like a some big trades blowing up somewhere. I suppose the wild yield curve is crushing a few somebodies too. TNX being pummeled. If they take out 3.40, the measured move implication would be 2.93. Link to comment Share on other sites More sharing options...
Jorma Posted January 13 Report Share Posted January 13 VIX taking aim at single digits? Link to comment Share on other sites More sharing options...
DrStool Posted January 13 Author Report Share Posted January 13 In the news today, the ES futures had an imaginary selloff in the Wall Street premarket. Traders were told, "Move along, Nothing to see." So they did. Link to comment Share on other sites More sharing options...
fxfox Posted January 13 Report Share Posted January 13 Market behaves as if it would be AWASH in liquidity all of a sudden Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 13 Report Share Posted January 13 The "Lume" Market...... Link to comment Share on other sites More sharing options...
fxfox Posted January 13 Report Share Posted January 13 Link to comment Share on other sites More sharing options...
SiP Posted January 13 Report Share Posted January 13 Its going higher guys. The longer it stays close to 4000 the higher chances it will break to the upside. Bitcoin already sayin HI at 20.000. Maybe its BoJ buyin too much stuff. Maybe its FOMO and people putting their money to work (you know, the magic dry powder and cash on the sidelines). 1 Link to comment Share on other sites More sharing options...
SiP Posted January 13 Report Share Posted January 13 I don't think this is back to bubble phase. Nasdaq is dead, look at Ark etf. I think that market was pricing end of the world scenario like new GFC. Right now market is just repricing to soft landing. its not pumping Bitcoin to 80k. its just wave. the key question is will Fed lower the rates this year as market is forcasting? if not then we could have a problem but its the problem of H2 2023. Which is funny becasue in fall 2022 everyone was sayin that h1 2023 will be bad but h2 2023 will be great 1 Link to comment Share on other sites More sharing options...
DrStool Posted January 13 Author Report Share Posted January 13 January 1974, Good night and good luck. Link to comment Share on other sites More sharing options...
Jimi Posted January 13 Report Share Posted January 13 3 minutes ago, DrStool said: January 1974, Good night and good luck. https://www.billboard.com/charts/hot-100/1974-01-12/ 1 Link to comment Share on other sites More sharing options...
SiP Posted January 13 Report Share Posted January 13 One of the most beautiful technical charts - the Dow Jones Industrial Average: - 38.2% of the bull market abolished, - successful test of the 11.2020 gap, - broken down trend of the bear market and SMA200, - Successful defence of the breakout: support at the previous downtrend and SMA200. Trade what you see? 1 Link to comment Share on other sites More sharing options...
Jimi Posted January 13 Report Share Posted January 13 9 minutes ago, DrStool said: January 1974, Good night and good luck. Just in case people don't know what you're talking about, here's the chart: Link to comment Share on other sites More sharing options...
Jimi Posted January 13 Report Share Posted January 13 I'm just funnin' 'round, as is my style: Link to comment Share on other sites More sharing options...
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