DrStool Posted April 25, 2023 Report Share Posted April 25, 2023 This colorful chart is mostly red, despite the green background. One decent bet would be that it the market has been in a 5 day cycle up phase since Thursday. That would be confirmed if they take out the lows in the early going today. Otherwise, we may as well go to Waffle House. On second thought, when we look at that nice positive divergence between the hourly cycle oscillators and the new hourly low price bar, the bulls have a shot to make something happen. And if you don't think weird things can happen when the Treasury pumps $120 billion into the markets in the space of 4 weeks, think again. The 10 year yield is headed for a 10 day cycle projection of 3.36, where support is also indicated on the hourly chart. That's crazy considering the risk of default in the next couple of months. But money talks and crazy walks. Always. And right now there's too much money to sop up and not enough paper to absorb it. For moron the markets, see: Enjoy the Market Mirage Now Because We’re Really In a Desert April 24, 2023 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...
Mkucstars Posted April 25, 2023 Report Share Posted April 25, 2023 It's all about who goes bankrupt first. Link to comment Share on other sites More sharing options...
potatohead Posted April 25, 2023 Report Share Posted April 25, 2023 2 hours ago, DrStool said: And right now there's too much money to sop up and not enough paper to absorb it. Bounty, the quicker picker upper Link to comment Share on other sites More sharing options...
DrStool Posted April 25, 2023 Author Report Share Posted April 25, 2023 Are triple bottoms really a thing? Link to comment Share on other sites More sharing options...
DrStool Posted April 25, 2023 Author Report Share Posted April 25, 2023 On 2 hour bars, looks like a helluva top. 1 Link to comment Share on other sites More sharing options...
sandy beach Posted April 25, 2023 Report Share Posted April 25, 2023 Where did everybody go? APOLLO: “Data from downtowns show that cellphone activity in San Francisco is at 31% of pre-pandemic levels. New York is at 74% Chicago is at 50% Boston is at 54% .. … This has implications for retail, restaurants, and office.” [Slok] CRE is in a death spiral. Just wait for leveraged loans! 2 Link to comment Share on other sites More sharing options...
Jimbo Posted April 25, 2023 Report Share Posted April 25, 2023 THE OTHER "SWISS" COMPANY Swiss RE Tangible book value 2019 ....25 B. Tangible book value 2022......9 B. Hmmmmmmm. 2 Link to comment Share on other sites More sharing options...
WTF Posted April 25, 2023 Report Share Posted April 25, 2023 The China reopening must not be going so great 🦨. BABA diving straight to hell... Dr. Copper pulling the sheet up over the patient's head... Not much talk now on BLOOMBERG about China saving us all like I heard the prior 6 months, but never fear, miracle of miracles AI is here to save us, BLOOMBERG told me so.... what are the odds of a new savior appearing just in time to keep me from selling my stock, that was to close for comfort. I mean with a recession coming and all, I foolishly almost got out (I'm sure the yield curve inversion will be wrong this time), but with the sound advice from all the experts on BLOOMBERG I doubled down on chips... see you in 6 months with all my massive profits.🤮 That will be just in time for the great China reopening story to be brought out again... and this time they will mean it.... better not sell now... the markets are about to just EXPLODE higher... BLOOMBERG is a joke and CNBC is so much worse... I keep BB on just to keep up with breaking news and some background noise but damn the 90% of straight stupid, hurts my ears sometimes... The sad part is that there are people that actually think they are getting thoughtful, unbiassed information. But what the hell do I know... maybe I am the crazy one... 1 Link to comment Share on other sites More sharing options...
DrStool Posted April 25, 2023 Author Report Share Posted April 25, 2023 Whoa. I didn't see this coming. Link to comment Share on other sites More sharing options...
DrStool Posted April 25, 2023 Author Report Share Posted April 25, 2023 5 day cycle projection 4077. Done. Link to comment Share on other sites More sharing options...
DrStool Posted April 25, 2023 Author Report Share Posted April 25, 2023 8 hours ago, DrStool said: One decent bet would be that it the market has been in a 5 day cycle up phase since Thursday. That would be confirmed if they take out the lows in the early going today. I was too san gwine. Link to comment Share on other sites More sharing options...
sandy beach Posted April 25, 2023 Report Share Posted April 25, 2023 What was that? Link to comment Share on other sites More sharing options...
Jimi Posted April 25, 2023 Report Share Posted April 25, 2023 "Gimme a K!" "Kayyyy!!" "Gimme an R!" "Arrrrrrr!!" "Gimme an E!" "Eeeeee!!" "What's that spell?!" "Die Pig, Die!" "What's that spell?!" "Die Pig, Die!" "What's that spell?!" "Die Pig, Die!" 1 Link to comment Share on other sites More sharing options...
Jimi Posted April 25, 2023 Report Share Posted April 25, 2023 Didjya ever notice that "KRE" is a lot like "CRE"? 1 Link to comment Share on other sites More sharing options...
SiP Posted April 25, 2023 Report Share Posted April 25, 2023 First Republic Bank Shares Sink 40% After Earnings Report Trading was halted several times after the stock tumbled 1 Link to comment Share on other sites More sharing options...
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