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Drip, Drip, Bounce 3/2/23


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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.

-fixq

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.

-fiyt

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. 

-fi-c

No surprise there. Gold’s Rebound Is Coming! February 28, 2023

For moron the markets, see:

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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! 

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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. 

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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. 

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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!  

 

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