DrStool Posted May 10 Report Share Posted May 10 That's right. The ES, 24 hour S&P futures are down 0.1% this morning as of 6:45 AM ET. A 5 day cycle projection of 4100-4105 suggests that the market could break the overnight low of 4107. So be prepared for that. We're now 4 days into a 5 day cycle. The low could come at any time today or tomorrow. The numbers to watch: On the upside for resistance 4128 and 4130. If those are cleared, then 4140 and 4149. Clear those and it will be off to the races to 4188 again. On the downside, there's a sport level at 4107, and descending trend sport at 4105 as NY opens and 4102 at the close. If they get busted, bears can run with it. There’s One Key this Week to the Stock Market Outlook 4107-4127 is snoozeland. Meanwhile, over in bond land, we wait for a breakout signal. The Big One is Coming Who doesn't like gold here? Check out this long term weekly chart. Gold Is on the Brink That's all for now. I'm going sightseeing. Here's the view from my hotel. That's the Berlin TV Tower. Tourist attraction. Built by the Commies. I think I'll stay on the ground. Until we meet again, Alf Veeder Zayn, chairman of the Berlin Stock Exchange, wishes you Guten Tag und viel Glück. 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. For moron the markets, see: Swing Trade Chart Picks – Buy Side Wins This Week May 8, 2023 There’s One Key this Week to the Stock Market Outlook May 7, 2023 Gold Is on the Brink May 5, 2023 Weak Real Time Withholding Taxes Set Up a Showdown May 4, 2023 The Big One is Coming May 3, 2023 Gold’s Lost Luster Will Shine Again April 25, 2023 Enjoy the Market Mirage Now Because We’re Really In a Desert April 24, 2023 The Fed’s Circle Jerk, is ‘Twerking? April 18, 2023 If you're serious about the underlying forces of supply and demand that drive the markets, join me! Link to comment Share on other sites More sharing options...
SiP Posted May 10 Report Share Posted May 10 I heard form one German that when they built the tower the sun marked the Holy Cross sign and on the West side everyone was laughing. Go visit -Dokumentationszentrum Topographie des Terrors - Stasimuseum - East Side Gallery - Pergamonmuseum - Tränenpalast - Bebelplatz - Denkmal für die ermordeten Juden Europas - Brandenburger Tor consider spending one day in Potsdam. Link to comment Share on other sites More sharing options...
SiP Posted May 10 Report Share Posted May 10 Potential Death (50/200) cross on 10 year bond yield. Link to comment Share on other sites More sharing options...
BurntOnce Posted May 10 Report Share Posted May 10 the chip industry is on a roll. after two years' lead-time a texas instruments audio op amp finally arrived. Link to comment Share on other sites More sharing options...
BurntOnce Posted May 10 Report Share Posted May 10 jpmorgan equity premium income etf yields 11% JEPI. Link to comment Share on other sites More sharing options...
DrStool Posted May 10 Author Report Share Posted May 10 1 hour ago, SiP said: I heard form one German that when they built the tower the sun marked the Holy Cross sign and on the West side everyone was laughing. Go visit -Dokumentationszentrum Topographie des Terrors - Stasimuseum - East Side Gallery - Pergamonmuseum - Tränenpalast - Bebelplatz - Denkmal für die ermordeten Juden Europas - Brandenburger Tor consider spending one day in Potsdam. Today I'm just trying to get familiar with the city a little bit. Cuz I'm headed for Warsaw on Friday. I'll be coming back here in July for 3 or 4 days to see all the sights. Link to comment Share on other sites More sharing options...
DrStool Posted May 10 Author Report Share Posted May 10 When I visit new cities I like to think of which American city they remind me of. If any. Berlin is Queens, New York. Without the charm. Link to comment Share on other sites More sharing options...
DrStool Posted May 10 Author Report Share Posted May 10 😉 Link to comment Share on other sites More sharing options...
The CoinGuy Posted May 10 Report Share Posted May 10 4130, 4.13...are you getting it yet? 31.4T... A brief pause at 170... TCG 1 Link to comment Share on other sites More sharing options...
Jorma Posted May 10 Report Share Posted May 10 1 hour ago, DrStool said: When I visit new cities I like to think of which American city they remind me of. If any. Berlin is Queens, New York. Without the charm. I had no idea you were familiar with charm. Link to comment Share on other sites More sharing options...
DrStool Posted May 10 Author Report Share Posted May 10 7 minutes ago, Jorma said: I had no idea you were familiar with charm. Heh heh. Link to comment Share on other sites More sharing options...
fxfox Posted May 10 Report Share Posted May 10 3 hours ago, DrStool said: When I visit new cities I like to think of which American city they remind me of. If any. Berlin is Queens, New York. Without the charm. Depends. Some parts of it are the 70s Bronx 😂 Link to comment Share on other sites More sharing options...
WTF Posted May 10 Report Share Posted May 10 Google finally gets it's AI pop, up 4.10% today.... pitiful. Link to comment Share on other sites More sharing options...
WTF Posted May 10 Report Share Posted May 10 Mickey blows! Link to comment Share on other sites More sharing options...
The CoinGuy Posted May 11 Report Share Posted May 11 13 hours ago, WTF said: Google finally gets it's AI pop, up 4.10% today.... pitiful. What numbered day of the year is 4.10? As I head back out the door...I'm going to leave a couple charts. Google on the Daily... Google on the Weekly... Best of luck everyone, TCG oh...and... For convenience... And perhaps I should leave you with this thought. I never had the time to finish this chart...and after this weekend(and beyond)...well. Time is up... If you really want to understand the current situation we find ourselves in...all you have to do is go back and study what I repeatedly said to study....over and over again. That is the lead up to the Jan 2022 peak... Here's a couple of my scratch sheets to get you started... The CoinGuy's secret sauce is to learn to measure from the center to the outside. This...will get you started...and then some. 1 Link to comment Share on other sites More sharing options...
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