DrStool Posted November 7, 2023 Report Share Posted November 7, 2023 What is he talking about? What excitement. OK, so they took a breather yesterday, but excitement is coming. Trust me on that. I promise you. I just don't know when, so it's up to you to pay attention or you might miss it. Meanwhile, I have posted the new chart picks for this week. Trade 'em if you want to, at your own risk. The way I've been going the past couple of months, probably better if you don't. But hey! I'm due for a hot streak! Swing Trade Screen Picks – More Longs This shelf they've been building on the hourly chart of the ES, 24 hour S&P futures looks like a launch pad to me, but they gotta get above 4368 for liftoff, and above 4375 to escape earth's gravity and head for da moon. Otherwise, this rocket could end up in New York Harbor. I still think that it's Not Just a One Week Wonder. As for that crash in Treasury yields that Wall Street is so bulled up about, call me a shep tick. Close it below 4.50, then I'll be a believer. Now? Not so much. They haven't broken a significant trend yet. If they break 4.50, sure it's been a good trade if you bought 'em at 4.90- 5% where we called an interim top. But as a long term hold? Fuggedaboutit! Treasury Supply Ain’t Going Away As for the yellow relic, false hope springs eternal. I suspect that the Bitcoin bros will have a similar experience soon enough. BTC has hit all upside intermediate cycle projections. For moron the markets, see: Swing Trade Screen Picks – More Longs November 7, 2023 Not Just a One Week Wonder November 6, 2023 Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 2023 Which to Believe, the BLS or Actual Tax Collections November 3, 2023 Gold In the Mix November 1, 2023 Swing Trade Screen Picks – Adding Longs October 31, 2023 Here’s Why Macro Liquidity Still Signals Record Danger October 28, 2023 Dealers Pull In Their Horns October 14, 2023 The Rhymes of History September 24, 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. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 New rally high. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 Hourly high base breakout measures to 4396 Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 Resistance at 4382. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 Looks boolish to me. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 My personal screens gave me MDB two days ago. I liked the chart so I bought a shitload of it. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 5 shares. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 That was Monday. A yam an acco light of Germy Seagull. I buy stocks for the long hole. Buy good companies that you know and keep them forever. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 WTF is MDB anyway? Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 My trailing stops are triggering. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 11:45 take a dump before lunch turn time. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 A fartpolio manager had to go take a shit so he dumped a load before he took a dump. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 Good to see all of you here. Link to comment Share on other sites More sharing options...
DrStool Posted November 7, 2023 Author Report Share Posted November 7, 2023 I meant to title this thread, Excrement Builds in the Market, but I just realized that the no-bad- words feature changed it to Excitement. Link to comment Share on other sites More sharing options...
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