DrStool Posted April 18, 2023 Report Share Posted April 18, 2023 I am working on a Liquidity Trader Report which I would desperately like to finish this morning, but probably won't. So I will keep this short. For US stock index fuguetures this morning it's the same old, same old. They're still uptrending. They're still extending that high base breakout on the hourly chart of the ES, S&P futures, and the implied target of that breakout is still 4210. The move is choppy. That's for sure. But it doesn't negate the fact that it is a solid trend of higher highs and higher lows. The chop just gives bears false hope. I love bears. I'm a semi retired bear, myself, having spent many years out standing in the field. I want to protect my bear friends from harm. So I tells it like I sees it. One day I will rejoin you for a final lap, but for now, it is what it is. By the way, today is Cliché Day. It's one of my favorite holidays, along with Pun Day. There's no 5 day cycle projection yet. The 2-3 day cycle projection looks like 4175. We're almost there. More chop ahead. For moron the markets, see: Here’s How This Week Will Show Whether Bulls or Bears are in Trouble April 17, 2023 Here’s What’s Next Now That Gold Has Reached Its Limit April 10, 2023 Cycle Indicators Tell How to Play This Rally Now April 10, 2023 Here’s How We Know That Doom Has Already Arrived April 6, 2023 Macro Liquidity Says No Way Jerray! April 4, 2023 How to Play When Fed Changes the Game, Not Just the Rules March 19, 2023 Systemic Meltdown Under Way As Dead Bodies Finally Start Surfacing March 12, 2023 Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 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 April 18, 2023 Author Report Share Posted April 18, 2023 And Alliteration Day. Link to comment Share on other sites More sharing options...
Jorma Posted April 18, 2023 Report Share Posted April 18, 2023 OK here it is. The greatest newspaper headline of all time. Link to comment Share on other sites More sharing options...
SiP Posted April 18, 2023 Report Share Posted April 18, 2023 Bulls keep pushing. New all time high in france (CAC40), very nice moves in Germany (DAX), same in Poland, new high for 2023. The problem? In most cases its because of bluechips - same in Germany. The index is pretty high thanks to big companies. Still positive flow, same for lower USD, and higher EMFX. Remember, higher EURUSD means "risk on". Looks like the bottom happened in October. Now you have to catch a train which left the station. Link to comment Share on other sites More sharing options...
SiP Posted April 18, 2023 Report Share Posted April 18, 2023 couple days ago on this forum somebody was v. happy because of the gap down on nvidia. Well, new high for 2023. I dont know why, probably because of Elon Musk new AI idea (but he already bought the GPU). Link to comment Share on other sites More sharing options...
SiP Posted April 18, 2023 Report Share Posted April 18, 2023 If someone wanted to fool me, they did it perfectly. FOMO. Despite the negative news, I regularly look for opportunities to buy shares. FOMO. Link to comment Share on other sites More sharing options...
potatohead Posted April 18, 2023 Report Share Posted April 18, 2023 Link to comment Share on other sites More sharing options...
PullMyFinger Posted April 18, 2023 Report Share Posted April 18, 2023 NFLX with a bit of a flesh wound after hours. Down 8+% Link to comment Share on other sites More sharing options...
DrStool Posted April 18, 2023 Author Report Share Posted April 18, 2023 OK. This Liquidity Trader behemoth is 22 pages, and most of it is original text. Proofing now. Link to comment Share on other sites More sharing options...
The CoinGuy Posted April 18, 2023 Report Share Posted April 18, 2023 The window is now open...until Friday's close. SiP... I don't know who else has been commenting, but I've mentioned NVDA...twice. I believe this was my exact comment on Nvidia from a couple of weeks ago... I'll be standing by my statement. I enjoyed that PH. Thanks. Best, TCG Link to comment Share on other sites More sharing options...
fxfox Posted April 18, 2023 Report Share Posted April 18, 2023 39 minutes ago, PullMyFinger said: NFLX with a bit of a flesh wound after hours. Down 8+% Now unch. Must have guided something like:“ok folks, we gonna eat up the whole competition within the next 6 months.“ Link to comment Share on other sites More sharing options...
SiP Posted April 18, 2023 Report Share Posted April 18, 2023 the price action around netflix tells you a lot about mood - risk on if + in AH Link to comment Share on other sites More sharing options...
DrStool Posted April 18, 2023 Author Report Share Posted April 18, 2023 Fox settled. Damn it. I would have loved to see those pricks on the witness stand. Link to comment Share on other sites More sharing options...
WTF Posted April 18, 2023 Report Share Posted April 18, 2023 3 hours ago, SiP said: couple days ago on this forum somebody was v. happy because of the gap down on nvidia. Well, new high for 2023. I dont know why, probably because of Elon Musk new AI idea (but he already bought the GPU). That was me. I buy NVDS (1.25x NVDA bear ETF) when NVDA goes over $275 with a trailing stop loss. So far made a few dollars but looking for more when this thing starts gapping down and keeps gapping down. Eventually the last greater fool will be all in, this bloated pig. Link to comment Share on other sites More sharing options...
Jimi Posted April 18, 2023 Report Share Posted April 18, 2023 1 hour ago, DrStool said: Fox settled. Damn it. I would have loved to see those pricks on the witness stand. Word. Link to comment Share on other sites More sharing options...
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