DrStool Posted February 16 Report Share Posted February 16 Was it this? How Bears Could Take Charge This Week February 13, 2023 I honestly don't know. I'm writing a report on who's drawing down the Strategic Cash Reserve, and I name names. That's coming up within the hour. Meanwhile, I can't make sense of these gyrations. Constantly failing triangle breakouts are not normal. Maybe this is a manifestation of AUI taking over stock trading. That's Artificial Unintelligence, which is basically what Wall Street has always been. Now they just turn it over to the robots and let them mismanage it. All that I can say from this garbage is that 4095-98 is sport, and a 4 day cycle low is due. But the rest of the chart is gibberish. For moron the markets, see: One Gold Indicator Needs to Whipsaw or Will Signal a Secular Top February 14, 2023 Swing Trade Screen Picks – Meat Grinder Prevails February 13, 2023 How Bears Could Take Charge This Week February 13, 2023 US Treasury Throws A Shocker to Reverse the Stock Market Outlook February 9, 2023 Composite Liquidity Should Be Bearish, Here’s Why It’s Not Right Now January 26, 2023 Withholding Taxes Fell Sharply in January February 3, 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 folder Link to comment Share on other sites More sharing options...
aussiebear Posted February 16 Report Share Posted February 16 Well I trade speculative Aussie stocks and I can say I have a plethora of sell signals and not one buy signal after scrolling through 700 odd daily charts. Cashing out most my positions first thing tomorrow! 1 Link to comment Share on other sites More sharing options...
WTF Posted February 16 Report Share Posted February 16 Well... that should do the trick... the end to the stupid looks to be about to start. Link to comment Share on other sites More sharing options...
WTF Posted February 16 Report Share Posted February 16 META bag holders have now lost over 1/3 of the $30 gap up on 2/2/23... no worries, keep hoping, I'm sure the gap will never be filled 🤢. Link to comment Share on other sites More sharing options...
DrStool Posted February 16 Author Report Share Posted February 16 You Can Now Follow the Diabolical Usual Suspects February 16, 2023 Link to comment Share on other sites More sharing options...
sandy beach Posted February 16 Report Share Posted February 16 Will We See Double-Digit Residential Mortgage Rates -- Again? https://www.theinstitutionalriskanal cyst.com/post/will-we-see-double-digit-residential-mortgage-rates-again Link to comment Share on other sites More sharing options...
potatohead Posted February 16 Report Share Posted February 16 U.S. HOUSEHOLD DEBT RISES 2.4% TO RECORD $16.90 TRILLION IN FOURTH QUARTER OF 2022 FROM Q3, NEW YORK FED SAYS MORTGAGE BALANCES ROSE BY $254 BILLION TO $11.92 TRLN IN Q4, NY FED SAYS Is this about using debt to keep up with higher prices or increased wage gains that may support higher debt levels? 1 Link to comment Share on other sites More sharing options...
WTF Posted February 16 Report Share Posted February 16 The markets feel artificial to me, not making much sense... not that they have to... but still... Could this all be algo driven, computers buying and selling shares back and forth walking the prices higher? If so, it may end in an avalanche in selling when it all reverses on some programmed trigger. Link to comment Share on other sites More sharing options...
WTF Posted February 16 Report Share Posted February 16 The unknown part is how much higher will the markets be and what would cause the "trigger" to be activated. I have no idea... Link to comment Share on other sites More sharing options...
DrStool Posted February 16 Author Report Share Posted February 16 Link to comment Share on other sites More sharing options...
DrStool Posted February 16 Author Report Share Posted February 16 1 Link to comment Share on other sites More sharing options...
DrStool Posted February 16 Author Report Share Posted February 16 Eccles, we have a problem. Core Producer Prices, FInal Demand Finished Consumer Goods appears to be leveling out at a 7% annual rate. If so, that's a problem. And looking at the compound annual rate of change (below), it looks like an even bigger problem as it seems to have reversed from disinflating, to dysentery. 1 Link to comment Share on other sites More sharing options...
DrStool Posted February 16 Author Report Share Posted February 16 This is starting to look like a problem. 1 Link to comment Share on other sites More sharing options...
fxfox Posted February 16 Report Share Posted February 16 9 minutes ago, DrStool said: This is starting to look like a problem. Link to comment Share on other sites More sharing options...
DrStool Posted February 16 Author Report Share Posted February 16 I'm beginning to think that Malkiel was right. 1 Link to comment Share on other sites More sharing options...
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