DrStool Posted March 2 Report Share Posted March 2 This is water torture. Slowly eating away at the market, and our brains. Lulling the bulls to sleep with false hopes as they slowly bleed the pour animals. But alas, it looks like it's time for another hopeful 3 or 4 or 5 day cycle rally as the hourly oscillators turn up yet again on the ES, 24 hour S&P futures after they descended to a slightly declining trend sport line overnight. To show that this is anything more meaningful than the last couple of dead cat bounces they would first need to clear 3950, and then a little later, 3967. Otherwise, nothing doing, and more downside ahead in a day or three. Warning! Top Formation In Progress February 27, 2023 Meanwhile, the 10 year yield has cleared 4%. And inevitably, it is going higher. Probably much higher. This is the hourly chart. It's pulling back to test the breakout. It should hold and then turn higher again. Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023 Finally, last but not least, the yellow shit is building an incipient base on the hourly chart. No surprise there. Gold’s Rebound Is Coming! February 28, 2023 For moron the markets, see: Gold’s Rebound Is Coming! February 28, 2023 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 March 2 Author Report Share Posted March 2 Rally attempt failure. 5 day cycle projection 3895-3900. Link to comment Share on other sites More sharing options...
DrStool Posted March 2 Author Report Share Posted March 2 A down day today would break the trendline of higher closing lows from the bottom last October. Link to comment Share on other sites More sharing options...
DrStool Posted March 2 Author Report Share Posted March 2 Positive divergence in momentum, but not the cycle oscillators. Portends only a bounce. Link to comment Share on other sites More sharing options...
fxfox Posted March 2 Report Share Posted March 2 „We will never surrender!“ Yours sincerely, Cramer‘s Dirty Dozen Link to comment Share on other sites More sharing options...
WTF Posted March 2 Report Share Posted March 2 I'm watching the VIX index and thinking "That which makes you, can also break you". Starting to build a position for a rise in the VIX. Link to comment Share on other sites More sharing options...
WTF Posted March 2 Report Share Posted March 2 NVDA dip-shits still buying up the shares, did someone say AI again? If so, then no price is too high... WTF! Link to comment Share on other sites More sharing options...
sandy beach Posted March 2 Report Share Posted March 2 Blackstone defaulted on €531 million ($562M) bond backed by portfolio of offices & stores owned by Sponda Oy, a Finnish landlord acquired in 2018. Link to comment Share on other sites More sharing options...
fxfox Posted March 2 Report Share Posted March 2 That‘s the reason for the spike which began exactly at 19:36 CET: https://www.forexlive.com/centralbank/feds-bostic-fed-may-have-to-do-more-given-high-inflation-20230302/ Link to comment Share on other sites More sharing options...
DrStool Posted March 2 Author Report Share Posted March 2 February Withholding Taxes Say – Fade the Jobs Report! LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS MARCH 2, 2023 It’s that time of the month again. The tax collections are complete for February so we know how the jobs market really did for the month. Meanwhile, the BLS will announce its fictitious jobs number for the month a week from tomorrow, which is a week later than usual. The BLS bases its estimate on a haphazard and poorly conceived survey of employers, which the BLS then manipulates to the point of uselessness. Furthermore, apparently fewer employers are taking part in the survey, rendering this monthly exercise even less accurate than in years past. When it wasn’t very accurate to begin with. Subscribers, click here to download the report. BOTTOM LINE: Revenues were weak. The jobs number should be weak. But fade any rally on that, both stocks and bonds, because xxxx xxxxxxx xxxxxxxx xxxxx xxxxxxxxxx xxx xxxxx. Here’s what’s critical for you to know. Non-subscribers, click here for access. Subscribers, click here to download the report. KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! 1 Link to comment Share on other sites More sharing options...
DrStool Posted March 2 Author Report Share Posted March 2 7 hours ago, Jimbo said: A GREY RHINO IN PLAIN SIGHT The bank bond losses are a classic grey rhino...... In plain sight but ignored by markets..... Until they cannot be ignored...... When Silvergate was forced to sell their bonds when their crypto depositors made a dash for the door... (Note the whale traders who deposited thier funds with Silvergate actually had a brain....they kept there money in Silvergate......all insured by the FDIC rather than leaving it in FTX.....which was insured only by trust in SBF...a very bad strategy indeed) They had to recognise a cool billion loss.... And they are just a small bank. Think of the losses in the larger ones.... Yeah, but FDIC only insures $250k. Not enough for a whale. 1 Link to comment Share on other sites More sharing options...
DrStool Posted March 2 Author Report Share Posted March 2 7 hours ago, DrStool said: But alas, it looks like it's time for another hopeful 3 or 4 or 5 day cycle rally as the hourly oscillators turn up yet again on the ES, 24 hour S&P futures after they descended to a slightly declining trend sport line overnight. To show that this is anything more meaningful than the last couple of dead cat bounces they would first need to clear 3950, and then a little later, 3967. Yuppers. Let's see if they hold 3967. Link to comment Share on other sites More sharing options...
DrStool Posted March 2 Author Report Share Posted March 2 2-3 day cycle projection says 3995. That's right folks, just 3995. That's 20% off our everyday low prices. And you can get yours with just 4 easy payments of 995. No job? No credit? No problem! A ll the stock you can use for just 4 easy payments of 995! Get your day trading margin loan today! No price too high. No borrower too low! Link to comment Share on other sites More sharing options...
DrStool Posted March 2 Author Report Share Posted March 2 Interesting. The 1 day cycle projection is only 3970. Link to comment Share on other sites More sharing options...
DrStool Posted March 2 Author Report Share Posted March 2 If they don't clear 3985, then this is a nothing burger. Link to comment Share on other sites More sharing options...
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