DrStool Posted April 24, 2023 Report Share Posted April 24, 2023 And so am I. I'll be back in a jifffy, but meanwhile, check out this shit. Speaks for itself. Why Not Get Too Excited About Bearish Proclamations… Yet For moron the markets, see: Why Not Get Too Excited About Bearish Proclamations… Yet April 24, 2023 Swing Trade Chart Picks – Four More Buys, Four More Buys April 20, 2023 Is Gold Still Ticking After This Licking? April 19, 2023 The Fed’s Circle Jerk, is ‘Twerking? April 18, 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 24, 2023 Author Report Share Posted April 24, 2023 They're buying the 10 year this morning. Hard to believe, Harry? Not really, considering that in April the Treasury paid down $126 billion in T-bills and that next Monday, the Treasury will pay down $16 billion in coupons. It's the April tax windfall at work. The Fed’s Circle Jerk… Is ‘Twerking? Although, gotta wonder how the threat of a US government debt default is playing in those weekly investment strategy sessions at major institutions around the world. The hourly chart of the 10 year yield should give us a tell over the next few days. It looks bullish for yield, which is of course, bearish for the bond market. But if it takes out 3.52, there's gonna be a downdraft. Why anyone would buy this now is the question, but the answer may lie in the shorts that are out there. Too many shorts end up being their own worst enema. Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 Now that I'm fully long the yeerow, I gain nothing. But at least I lose nothing. Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 If you don't want to hold doolahs, the yeerow is the next least worst alternative. And the hourly chart of the yeerow agin the doolah reflects that. It's bullish as hell. Every time the yellow stuff sticks its head materially above 2k, it gets whacked. But buyers seem to be showing up and higher prices every few weeks. Is Gold Still Ticking After This Licking? Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 Whoa Nellie. Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 Am I on the right message board? Talking to myself, dancing with my shadow. The fact that literally no one is here and no one cares, is wildly bearish. Link to comment Share on other sites More sharing options...
Jimi Posted April 24, 2023 Report Share Posted April 24, 2023 2 minutes ago, DrStool said: Am I on the right message board? Talking to myself, dancing with my shadow. The fact that literally no one is here and no one cares, is wildly bearish. I'm here. Busy with RL work. Bored AF with this Merciless Mirage of Markets. Compelled to watch playoff basketball every night (before Asia opens). Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 RL is the best kind. Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 Although I don't know what it is. I know that if you are doing it, it must be good. Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 I'm guessing, Red Lacquering. Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 Or it could be Rum Liquidation Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 Random Licking. Link to comment Share on other sites More sharing options...
DrStool Posted April 24, 2023 Author Report Share Posted April 24, 2023 Red Licorice? Yeah, that's it. Link to comment Share on other sites More sharing options...
Jimi Posted April 24, 2023 Report Share Posted April 24, 2023 "Real Life" Link to comment Share on other sites More sharing options...
Jimi Posted April 24, 2023 Report Share Posted April 24, 2023 It's also baseball season. My older son is playing JV and my younger one still little league. So, we run around watching youth baseball all the time, which is pretty much the most meaningful thing in the whole-wide world. Link to comment Share on other sites More sharing options...
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