DrStool Posted July 31, 2023 Report Share Posted July 31, 2023 Up, up, and away? But before that I do want to say that I enjoyed meeting FXfox in his hometown of Heidelberg, Germany yesterday. We took a walk on the Philosopher's Path above the Neckar River. How appropriate, huh? 😄 I got a little history of the city. Another beautiful town on my itinerary around one of my two ancestral homelands. Thanks to Foxy for the tour and conversation! Meanwhile, back to my beautiful balloon market, it looks like they're lifting off in another green channel that just formed overnight. The preliminary nominal 5 day cycle projection is 4620-25. The period of the last wave was 4 days. Using that as a basis for projection I get 4610. And on a 2-3 day cycle basis I get 4600-05. In other words, double top. So pick your poison. I like the idea of a trip to the upper trendlines around 4620-25 this afternoon. Rally is Tired But Here’s Why Not to Go Short What about the 10 year yield? Is it gonna break out? A 6 month cycle projection says 4.15. 1 year cycle projection 4.30. Slow but steady as she goes. Correlations Don’t Matter Until They Do, Like Now Is it just me, or does the chartogold not look like the 10 year Treasury yield? And whatzat mean? Gold Marks Time For moron the markets, see: Gold Marks Time July 26, 2023 Full Load of Longs, But Adding 2 Shorts July 25, 2023 Market Looks Poised July 24, 2023 Correlations Don’t Matter Until They Do, Like Now July 23, 2023 Swing Picks Following Gold’s Yellow Brick Road July 18, 2023 Finally, A Few ShortsJuly 17, 2023 Young Bull Growing Stronger July 17, 2023 We’re Not There Yet July 16, 2023 Stocks Are Scraping the Ceiling July 9, 2023 Withholding Tax Rebound Sets Up a Bearish Fed Catch 22 July 6, 2023 Golden 13 Week Cycle Turn and Other Hopeful Signs 7/5/23 July 5, 2023 It’s Not Your Daddy’s Liquidity Anymore July 5, 2023 We Now Know What is Driving the Rally June 20, 2023 The Fed’s Slush Fund is Working June 16, 2023 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. 1 Link to comment Share on other sites More sharing options...
DrStool Posted July 31, 2023 Author Report Share Posted July 31, 2023 Gotta drop below 4570 to create potential for a rollover. I'm not feelin' it. Link to comment Share on other sites More sharing options...
SiP Posted July 31, 2023 Report Share Posted July 31, 2023 Go watch Oppenheimer film - great! pretty long (3h) and more about moral problems, politics. If you want action movie then go see Mission Impossible 7. great show. Link to comment Share on other sites More sharing options...
SiP Posted July 31, 2023 Report Share Posted July 31, 2023 investing in energy pop-up everywhere Link to comment Share on other sites More sharing options...
fxfox Posted July 31, 2023 Report Share Posted July 31, 2023 1 hour ago, DrStool said: But before that I do want to say that I enjoyed meeting FXfox in his hometown of Heidelberg, Germany yesterday. We took a walk on the Philosopher's Path above the Neckar River. How appropriate, huh? 😄 I got a little history of the city. Another beautiful town on my itinerary around one of my two ancestral homelands. Thanks to Foxy for the tour and conversation! It was a pleasure to meet you Doc! Like meeting an old friend after 20 years Link to comment Share on other sites More sharing options...
DrStool Posted July 31, 2023 Author Report Share Posted July 31, 2023 31 minutes ago, fxfox said: It was a pleasure to meet you Doc! Like meeting an old friend after 20 years Yup! It was fun! Heidelberg is beautiful! Tomorrow, I head to Mulhouse France. Link to comment Share on other sites More sharing options...
DrStool Posted July 31, 2023 Author Report Share Posted July 31, 2023 The point of no returns. Link to comment Share on other sites More sharing options...
SiP Posted July 31, 2023 Report Share Posted July 31, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted July 31, 2023 Author Report Share Posted July 31, 2023 RRP slush fund sees $90 billion in end of month window dressing inflows. That'll let some air out of the bubble today. See how much is withdrawn Tamara Link to comment Share on other sites More sharing options...
potatohead Posted July 31, 2023 Report Share Posted July 31, 2023 US TREASURY BOOSTS JULY-SEPTEMBER QUARTERLY BORROWING EST. TO $1 TLN, PREVIOUSLY SAW JULY-SEPTEMBER BORROWING AT $733 BLN. Link to comment Share on other sites More sharing options...
SiP Posted July 31, 2023 Report Share Posted July 31, 2023 no worries, we have RRP. Im more worried about BoJ/Japan and their carry trade. Link to comment Share on other sites More sharing options...
SiP Posted July 31, 2023 Report Share Posted July 31, 2023 Link to comment Share on other sites More sharing options...
SiP Posted July 31, 2023 Report Share Posted July 31, 2023 still inconclusive but we got a number "Like homeowners who took out mortgages when rates were low in 20/21, the Fed's rate increases have had only limited impact on corporates. However, the wall of maturities is looming, as indicated by the rapidly falling index maturity" Link to comment Share on other sites More sharing options...
DrStool Posted July 31, 2023 Author Report Share Posted July 31, 2023 43 minutes ago, potatohead said: US TREASURY BOOSTS JULY-SEPTEMBER QUARTERLY BORROWING EST. TO $1 TLN, PREVIOUSLY SAW JULY-SEPTEMBER BORROWING AT $733 BLN. Must look at whether this is issuance that already took place in July that they underestimated, or an increase in the August-September amounts, or a little of both. The May forecast called for $533 billion in T-bill issuance for all of Q3. They did $350 billion in July alone. Link to comment Share on other sites More sharing options...
potatohead Posted July 31, 2023 Report Share Posted July 31, 2023 BREAKING: per FINRA's Margin Account Data... July ended with the LARGEST 6 month ramp in LEVERAGE ever https://twitter.com/KeithMcCullough/status/1686142986780884992 Link to comment Share on other sites More sharing options...
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