DrStool Posted April 27, 2023 Report Share Posted April 27, 2023 Late yesterday, I pointed out the sport line convergence at 4050 on the ES, 24 hour S&P fuguetures. Of course it held. Now we're back on our way up, in a new 5 day cycle up phase. As of 8 AM ET, they've hit resistance at 4082. If that's cleared, next stop 4100. That's all for now. I'll be back. For moron the markets, see: Swing Trade Chart Picks – The Future is One Word – Baking Soda April 26, 2023 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 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...
fxfox Posted April 27, 2023 Report Share Posted April 27, 2023 Doc, you gotta close ze old Fred. Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2023 Author Report Share Posted April 27, 2023 I just returned from shopping and I have but one thing to say. Bwahaha. Link to comment Share on other sites More sharing options...
Jimbo Posted April 27, 2023 Report Share Posted April 27, 2023 NOW YOU CAN HEAR THE VACUUM CLEANER Once you turn off the money printer. You can hear the vacuum cleaner. The sound of the Government defecit. Sucking out the bank deposits. 1 Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2023 Author Report Share Posted April 27, 2023 A bit shocked that May Treasury is issuing net T-bills of $63 billion. WTF. 1 Link to comment Share on other sites More sharing options...
SiP Posted April 27, 2023 Report Share Posted April 27, 2023 bigtech pushing stocks higer no recession based on catepillar, mastercard, visa, meta (ads) earnings. Again - doom gloom media spook people again. All is well. 1 Link to comment Share on other sites More sharing options...
SiP Posted April 27, 2023 Report Share Posted April 27, 2023 Well, maybe not all (CRE and banks) but markets in general. 1 Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2023 Author Report Share Posted April 27, 2023 That 1 week rally in the 10 year (down yield) left tracks. The yield chart looks wildly bullish, i.e. wildly bearish for the bond market. And the continued existence of life on earth as we know it. 1 Link to comment Share on other sites More sharing options...
sandy beach Posted April 27, 2023 Report Share Posted April 27, 2023 Vornado Realty shares dropped as much as 13% in US premarket trading after the owner of offices delayed its dividend and authorized up to $200 million in buybacks, a move which surprised anal cysts and prompted a downgrade from Piper Sandler. Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2023 Author Report Share Posted April 27, 2023 Normal. 1 Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2023 Author Report Share Posted April 27, 2023 5 day cycle projection 4160. 1 Link to comment Share on other sites More sharing options...
SiP Posted April 27, 2023 Report Share Posted April 27, 2023 Amazon - great results. Bears crushed. Link to comment Share on other sites More sharing options...
fxfox Posted April 27, 2023 Report Share Posted April 27, 2023 One thing you can always rely on: SNAP misses 😂 Link to comment Share on other sites More sharing options...
TurdButter Posted April 27, 2023 Report Share Posted April 27, 2023 Ooopsie Daisie. As Steamboat Bill used to say. Link to comment Share on other sites More sharing options...
WTF Posted April 27, 2023 Report Share Posted April 27, 2023 AMZN: Q1 22: Earnings: -0.38 Q2 22: Earnings: -0.20 Q3 22: Earnings: +0.28 Q4 22: Earnings: +0.03 Q1 23: Earnings: +0.31 Simply: AMAZING!!! You get all those earnings (well you never get any earnings because they don't pay a dividend) for the low, low price of $100+ per share. The math just makes sense.... I'm sure the gamblers, excuse me, "investors" that bought the pop, can all sleep easy tonight with those massive numbers... Link to comment Share on other sites More sharing options...
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