DrStool Posted March 8, 2023 Report Share Posted March 8, 2023 It's an Ed Sullivan moment. A really big shoe. Meanwhile, we're home on the range again. The hourly cycle oscillators on the ES, 24 hour S&P futures say it's a 5 day cycle low, 4 day variant edition. But the ES needs to clear 4000 to actualize that. Otherwise, no dice. And if they take out the bottom of the range at about 3985, we could be in Crash City. The next stop would be down at 3920. Mixed Bag of Signals Screaming, “Walk This Way” March 5, 2023 Meanwhile, the 10 year yield is headed down again. That's because some money managers are using that $50 billion T-bill paydown that will hit their accounts tomorrow to extend maturities. The big test will again be around 3.90, as you can see on the hourly chart. February Withholding Taxes Say – Fade the Jobs Report! March 2, 2023 The hourly gold chart is horrific. Does it need to hold the low here. Why, yes. Yes it does. Gold On Cusp of Brutal Outlook if This Happens March 8, 2023 For moron the markets, see: Gold On Cusp of Brutal Outlook if This Happens March 8, 2023 Swing Trade Screen Picks – 3 Buys, No Shorts March 6, 2023 Mixed Bag of Signals Screaming, “Walk This Way” March 5, 2023 February Withholding Taxes Say – Fade the Jobs Report! March 2, 2023 Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023 You Can Now Follow the Diabolical Usual Suspects February 16, 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...
potatohead Posted March 8, 2023 Report Share Posted March 8, 2023 FED'S POWELL: THE REPO MARKET IS FUNCTIONING REASONABLY WELL THESE DAYS. With the help from Janet Yellen and RRP. Seems the Treasury is implementing its own Monetary Policy with Bill paydowns then new issuance, then bill paydowns, etc Link to comment Share on other sites More sharing options...
DrStool Posted March 8, 2023 Author Report Share Posted March 8, 2023 25 minutes ago, potatohead said: FED'S POWELL: THE REPO MARKET IS FUNCTIONING REASONABLY WELL THESE DAYS. With the help from Janet Yellen and RRP. Seems the Treasury is implementing its own Monetary Policy with Bill paydowns then new issuance, then bill paydowns, etc True. Link to comment Share on other sites More sharing options...
DrStool Posted March 8, 2023 Author Report Share Posted March 8, 2023 Suspense. Link to comment Share on other sites More sharing options...
DrStool Posted March 8, 2023 Author Report Share Posted March 8, 2023 This kind of trading pattern is just awful. I'm going to dinner. Link to comment Share on other sites More sharing options...
SiP Posted March 8, 2023 Report Share Posted March 8, 2023 tesla keep fallin' Link to comment Share on other sites More sharing options...
DrStool Posted March 8, 2023 Author Report Share Posted March 8, 2023 The way this sets up, with where these oscillators are, if this low does not hold, we gonna see some explosive diarrhea here. Link to comment Share on other sites More sharing options...
DrStool Posted March 8, 2023 Author Report Share Posted March 8, 2023 Link to comment Share on other sites More sharing options...
Jimi Posted March 8, 2023 Report Share Posted March 8, 2023 Purgatory is trying to convince Wells Fargo with my executed power of attorney document to place me on the checking account of my widowered 99 year-old father with spectacularly advanced dementia so that I might pay his taxes & stuff; except, the checking account in question is held by a family trust (they were teachers... we're not talking millions here), which therefore requires notarized coordination among multiple successor trustees (i.e., my siblings in various geographic remove) and a letter (wet signature on letterhead - positively no emails or autopens) from his asshole-of-a-physician at Kaiser (Death > Them), despite his care now being fully overseen by hospice (for the second time, and with a recent extension). Hell is the location of his Vanguard account - also held by the trust. Heaven was Saturday night at the Fillmore West to see Galactic. Link to comment Share on other sites More sharing options...
Dr.Correll Posted March 8, 2023 Report Share Posted March 8, 2023 Cant wait to see the updated pick up sticks chart Link to comment Share on other sites More sharing options...
DrStool Posted March 8, 2023 Author Report Share Posted March 8, 2023 lol Link to comment Share on other sites More sharing options...
DrStool Posted March 8, 2023 Author Report Share Posted March 8, 2023 Link to comment Share on other sites More sharing options...
fxfox Posted March 8, 2023 Report Share Posted March 8, 2023 Let me get this straight: The FED reduces balance sheet but Janet sets that off by a good part via the TGA? Link to comment Share on other sites More sharing options...
DrStool Posted March 8, 2023 Author Report Share Posted March 8, 2023 She will have too as the debt ceiling begins to bite. Link to comment Share on other sites More sharing options...
SiP Posted March 9, 2023 Report Share Posted March 9, 2023 $SPX - Tomorrow there's going to be a 2nd golden cross between the 100 DMA and 200 DMA. The last time such a crossover failed was in 2002, but then price was below both MAs and both MAs were declining unlike now when both are rising. 3940 is a key level that has to be defended Link to comment Share on other sites More sharing options...
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