DrStool Posted January 24, 2023 Report Share Posted January 24, 2023 A long night awaits for the bears. Depending on the type of chart and time frame, on some, the downtrend from the early January 2022 high is broken. On the hourly chart of the ES, 24 hour S&P fucutures, they broke it during the day yesterday but then pulled back below. With the 5 day cycle now on the sell side, we may have to wait a day or three until the confirmation of a breakout. For today, they would need to end the day above 4023. On the other hand, for bears to have any shot at all, they would need to end the day below 4000. In the premarket, dropping under 4008 would be a start. If they don't do that, fuggeddaboudit. For moron the markets, see: Swing Trade Screen Picks – Energetic Buys and ShortsJanuary 23, 2023 Nothing is BrokenJanuary 23, 2023 Gold Going Higher January 18, 2023 Swing Trade Screen Picks – Whoa! Just Wait Till Next Week! January 17, 2023 Long Live the Bear. The Bear is Dead January 17, 2023 A Funny Thing Happened on the Way to the Debt Ceiling January 16, 2023 Withholding Taxes Are Soaring January 6, 2023 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...
The CoinGuy Posted January 24, 2023 Report Share Posted January 24, 2023 Good morning(Especially you Doc, haven't spoken in awhile...🙂)... Haven't held any positions since we covered the morning of the 13th of October. Considering the shenanigans of "a dozen or so" DJI stocks going into the election...haven't seen any reason to comment...until now. As of the close...I'm in. All in. I'll pass back through as we touch 3250. Best, TCG oh...and... Be careful in the metals. The bounce/retest has been solid...I didn't expect the ^HUI to get back over 225/235. I'm actually impressed, but they're rolling over here. Although, nothing is confirmed until the GLD is back below 160. UUP will turn, but a new high? I doubt it. A retest is probably not too much to ask though. I expect just above 30 "just as long as the key at 27 holds". I'm pretty sure it will. 27.17 should be max pain, but it looks like it's bottoming right here. There is solid support at the BTTB(Back to the Breakout) area here at 27.44. Wait and see I suppose... I've looked over my long term forecasts. I've made zero changes. SPX 224(x) to 225(x) will be touched. GLD...I'll comment at 130. I've also looked over my charts. 2008 is the still the dominant pattern. In the short term...as far as I'm concerned, you are on the road to a "Lehman" style event. Link to comment Share on other sites More sharing options...
Jimi Posted January 24, 2023 Report Share Posted January 24, 2023 Hope your health, wealth & happiness are all flourishing, CG. Link to comment Share on other sites More sharing options...
fxfox Posted January 24, 2023 Report Share Posted January 24, 2023 Welcome back TCG! 🥳🥂 Link to comment Share on other sites More sharing options...
DrStool Posted January 24, 2023 Author Report Share Posted January 24, 2023 17 minutes ago, fxfox said: Welcome back TCG! 🥳🥂 Ditto! 2 hours ago, Jimi said: Hope your health, wealth & happiness are all flourishing, CG. Ditto! Link to comment Share on other sites More sharing options...
sandy beach Posted January 24, 2023 Report Share Posted January 24, 2023 Nice to have you back! Link to comment Share on other sites More sharing options...
DrStool Posted January 24, 2023 Author Report Share Posted January 24, 2023 The battle for the schmear. Link to comment Share on other sites More sharing options...
WTF Posted January 24, 2023 Report Share Posted January 24, 2023 The CoinGuy returns... happy to see the post. Link to comment Share on other sites More sharing options...
DrStool Posted January 24, 2023 Author Report Share Posted January 24, 2023 Why did the market close early today. Anybody know? Link to comment Share on other sites More sharing options...
DrStool Posted January 24, 2023 Author Report Share Posted January 24, 2023 And they reopen with a sell imbalance. Link to comment Share on other sites More sharing options...
DrStool Posted January 24, 2023 Author Report Share Posted January 24, 2023 Right to the trendline. Link to comment Share on other sites More sharing options...
fxfox Posted January 24, 2023 Report Share Posted January 24, 2023 All eyes on Mafiasoft Link to comment Share on other sites More sharing options...
DrStool Posted January 24, 2023 Author Report Share Posted January 24, 2023 Tomorrow they jump the shark. From nice Nice France, I bid you bonne nuit et bonne chance! Link to comment Share on other sites More sharing options...
SiP Posted January 24, 2023 Report Share Posted January 24, 2023 Link to comment Share on other sites More sharing options...
SiP Posted January 24, 2023 Report Share Posted January 24, 2023 Ultra liquidity Global high-grade debt markets are blazing a path to a record rally and companies have sold more than $400 billion of bonds in January alone. https://ca.finance.yahoo.com/news/corporate-bond-bonanza-may-too-111053930.html Link to comment Share on other sites More sharing options...
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