DrStool Posted February 3, 2023 Report Posted February 3, 2023 The market faces a real test this morning as negative earnings surprises hammered prices overnight. Will the losses stick, or is it just another buy the dip? At 3:30 AM New York time, the pullback has hit a trend sport convergence at 4142. To really get anything going on the downside today, they need to break that, and another trendline currently rising from 4120 to 4128 when NY opens. The only projection so far is a 1 day cycle projection of 4113. A key trendline is vectoring toward that point for a 12 noon rendezvous in NY. or moron the markets, see: Swing Trade Screen Picks – Bulls Win This Week January 30, 2023 Stock Market Heads for the Super Bowl – Oddsmakers Pick the Bulls January 30, 2023 Gold Takes a Breather January 27, 2023 Composite Liquidity Should Be Bearish, Here’s Why It’s Not Right Now January 26, 2023 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.
fxfox Posted February 3, 2023 Report Posted February 3, 2023 And who warned you circa 6 weeks ahead? Our very own Docster! 😎🤩
fxfox Posted February 3, 2023 Report Posted February 3, 2023 How much do we wanna bet that CNBC brings some Harvard guy out today who explains in cryptic words that the NFP report is not that good of a measurement anymore since baby boomers retire?
SiP Posted February 3, 2023 Report Posted February 3, 2023 Sentiment like this didn't last long in Bear Markets.. • some core Models are near Top levels. • Trash Stocks are rallying identical to last August. • Bulls are taking victory laps. • Bears are openly ridiculed. Human nature never changes – if/when this turns down, look out.
SiP Posted February 3, 2023 Report Posted February 3, 2023 Call buying extreme volume. The last time was the GME blowoff top
SiP Posted February 3, 2023 Report Posted February 3, 2023 if bears take down SPX to 4100 on weekly basis that would be nice.
sandy beach Posted February 3, 2023 Report Posted February 3, 2023 13 minutes ago, SiP said: This one just blows my mind.
SiP Posted February 3, 2023 Report Posted February 3, 2023 regarding NFP. In percentage terms, it's nothing out of the ordinary. It's just on the largest employment base on record. M/M not seasonally adjusted declines in Januaries: 2023 = -1.6% 2022 = -1.9% 2021 = -1.8% 2020 = -1.8% 2019 = -1.95% 2018 = -2.1% We always drop a lot in January.
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