DrStool Posted February 28, 2023 Report Share Posted February 28, 2023 That's what this trading range feels like. Never ending pain for both sides. The trend on the hourly chart of the ES, 24 hour S&P futures suggests that the bears have the upper hand. But the hourly oscillators show higher lows that make the pattern of the past week look like a base for a move up. However, for that potential to be actualized, the ES would need to break out through 4019. Can it do that? I have no effing clue. I just know that it must take the first step, which would be to break out through 3993 this morning. Failing that, and Yogi Bear will remain in charge. Meanwhile, over in the bond market, yields have hit a wall over the past week. There's a big buyer, or several at 3.95 in the 10 year yield. Or Janet, or Jay? Who cares. There's a buyer or buyers. And until those buyers are finished, yields are not going anywhere. But remember, $71 billion in new Treasury paper will settle this week, and after that, endless supply until they run out of debt ceiling extreme measures. Then they do a deal. Then more endless supply. For moron the markets, see: Swing Trade Screen Picks – Can’t Touch This February 27, 2023 Warning! Top Formation In Progress February 27, 2023 Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023 Gold’s Temperature Reaches Absolute Zero February 22, 2023 Bears Challenge Bulls to A Duel – Here’s Who Gets Shot February 21, 2023 You Can Now Follow the Diabolical Usual Suspects February 16, 2023 One Gold Indicator Needs to Whipsaw or Will Signal a Secular Top February 14, 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 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...
DrStool Posted February 28, 2023 Author Report Share Posted February 28, 2023 Gold’s Rebound Is Coming! Link to comment Share on other sites More sharing options...
DrStool Posted February 28, 2023 Author Report Share Posted February 28, 2023 Intraday cycle rhythm has shifted to a 3 day duration in the past couple of weeks. It suggests a high before, or around the NY open today. Link to comment Share on other sites More sharing options...
Jimbo Posted February 28, 2023 Report Share Posted February 28, 2023 MORE ALTRIA MADNESS Altria about to throw away 3 Billion on some vaping outfit They have already thrown away $15 billion on Juul and Chronos. What is it with these guys...... They should be doing: 1/ Spending the money on buybacks and dividends. 2/ They should also distribute the Anheuser stock to shareholders. 3/ They should have really debted up the company with cheap long term debt in 2019/20 and used the debt raised for 1/. If they had done these things the market cap would probably be double what it is now. Link to comment Share on other sites More sharing options...
DrStool Posted February 28, 2023 Author Report Share Posted February 28, 2023 This says it all. Link to comment Share on other sites More sharing options...
DrStool Posted February 28, 2023 Author Report Share Posted February 28, 2023 Get ready for tankola. Warning! Top Formation In Progress Link to comment Share on other sites More sharing options...
DrStool Posted February 28, 2023 Author Report Share Posted February 28, 2023 10 year yield setting up for breakout. Here’s Why There Will Never Be Bull Markets Until This One Thing Happens Link to comment Share on other sites More sharing options...
BreakOut Posted February 28, 2023 Report Share Posted February 28, 2023 1 hour ago, DrStool said: 10 year yield setting up for breakout. Here’s Why There Will Never Be Bull Markets Until This One Thing Happens And don’t think he won’t be appreciative. Link to comment Share on other sites More sharing options...
DrStool Posted February 28, 2023 Author Report Share Posted February 28, 2023 Hot stove touch. Buyers beat it down. Link to comment Share on other sites More sharing options...
DrStool Posted February 28, 2023 Author Report Share Posted February 28, 2023 Who could it be? Link to comment Share on other sites More sharing options...
fxfox Posted February 28, 2023 Report Share Posted February 28, 2023 4 minutes ago, DrStool said: Who could it be? FED via Goddam Sucks ECB via Deutsche BoJ via Mizuho Link to comment Share on other sites More sharing options...
SiP Posted February 28, 2023 Report Share Posted February 28, 2023 gold Link to comment Share on other sites More sharing options...
WTF Posted February 28, 2023 Report Share Posted February 28, 2023 Markets setting up for the classic Clubber Lang: "Prediction?... Pain." Link to comment Share on other sites More sharing options...
DrStool Posted February 28, 2023 Author Report Share Posted February 28, 2023 6 hours ago, DrStool said: Get ready for tankola. Warning! Top Formation In Progress Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 28, 2023 Report Share Posted February 28, 2023 End of Month, ETF - Gary US Bond Emporium (a few 5's in the yield mix) TTM / SEC 30 Day JNK has a 5.85% / 7.76% PFF has a 5.46% / 5.92% TIP 6.83% / .49% TLT has a 2.48% / 3.61% Link to comment Share on other sites More sharing options...
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