DrStool Posted November 14, 2023 Report Share Posted November 14, 2023 The pattern of the hourly ES 24 hour S&P futures so far this week looks just like last Wednesday and Thursday. Which is meaningless. The trend is mildly up. Hourly oscillators are on the sell side, but well above the zero line and creeping higher. In the old days we might call this accumulation. By whom, that's the question. There's still a 5 day cycle projection of 4440. I'd have to say that the odds are still tilted in that direction. Beyond that, well looky here. Meanwhile, the 10 year Treasury yield is trying to pull back to test the uptrend line. If they don't get it there within a few days, start the countdown to the next blastoff. Meanwhile, Wall Street Primary Dealer shills are out this morning spreading the bullshit so that they can distribute their unwanted Treasury inventory that they are choking on. Rate cut predictions left and right. Not just one rate cut but as many as four. Also pronouncements that inflation is dead. https://www.bloomberg.com/news/articles/2023-11-13/ubs-strategists-see-far-deeper-fed-rate-cuts-than-market-pricing But I doubt it. Fuggedaboutit! Treasury Supply Ain’t Going Away Gold? Working on a Gold Trader update for subscribers to be posted later this morning. This looks like a good place for a reversal. For moron the markets, see: Gold Has Lost Its Mojo and Is Now in Danger November 14, 2023 Swing Trade Screen Picks – Loading Up on Buys November 13, 2023 Meltup Gonna Take You Hiya November 13, 2023 Gold Bullish Pullback But Miners Are Doubtful November 8, 2023 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 Here’s Why Macro Liquidity Still Signals Record Danger October 28, 2023 Dealers Pull In Their Horns October 14, 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 14, 2023 Author Report Share Posted November 14, 2023 Oh my gawd. Finally getting head back above water after 5 months of treading. I'm not gloating, understand. It has been a nightmare. Many times I wondered if I should quit the picking swing trades business, and just stick to picking my nose. I didn't know if it was the me or the method. Swing Trade Screen Picks – Loading Up on Buys November 13, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 Of course, it's only the pre emission. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 Gold Has Lost Its Mojo and Is Now in Danger LEE ADLER 3 - GOLD TRADER NOVEMBER 14, 2023 Gold has turned a bullish outlook on its head. Non-subscribers click here for access. Subscribers, click here to download the report. Try Lee Adler’s Gold Trader risk free for 90 days! Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 Bonair. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 2-3 day cycle projection 4490. Pretty much done. Link to comment Share on other sites More sharing options...
Takachi-1 Posted November 14, 2023 Report Share Posted November 14, 2023 Wow, 10 year sure popped. Made a couple of pennies getting out yesterday, must show patience before getting back in TTT. Thank you Doc for the note on settlements yesterday, that in combination with Powells taking about rates sounded like they would buy it down shortly, which they apparently have. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 Yup. Broke the uptrend in 10 year yield. If this doesn't reverse today it would portend 4%. That woulda been a helluva trade at 5%. Wow. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 All of this massive Treasury supply is in the bills. Coupon supply is extremely light. 11/15/2023 Coupons $112,000 $102,174 $9,826 https://liquiditytrader.com/index.php/2023/11/05/fuggedaboutit-treasury-supply-aint-going-away/ Link to comment Share on other sites More sharing options...
Takachi-1 Posted November 14, 2023 Report Share Posted November 14, 2023 I have 2000 SPXS on Lucy not letting Charlie Brown actually kick the ball even this once. Besides its the 11:00 turn time & Delmonaco has a Mac & Lobster special! Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 Are you sitting down. The 2-3 day cycle projection now points to 4555. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 5 day is only 4500. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 This is the performance of my watchlist today, from stocks I picked last week from the swing trade stock screens. Not gonna lie. I was day trading most of these and got shook out last Wednesday or Thursday, but I did buy 5 of them back on Monday's open and decided to let 'em ride. As of Monday's open, I had 18 charts on the swing trade pick list. 12 were from this list and there were 6 others that predated it. Buy and hold is the only way to go. Stocks for the long hole. I am now a devotee of Graham and Dodd, Buffet and Munger, Rowan and Martin. But seriously folks, base breakouts galore in this group. Swing Trade Screen Picks – Loading Up on Buys November 13, 2023 Meltup Gonna Take You Hiya November 13, 2023 Link to comment Share on other sites More sharing options...
WTF Posted November 14, 2023 Report Share Posted November 14, 2023 Not sure how many times the "FED is done" rally can be priced into the market... but whatever... I guess this time "we really mean it!!!" Still believe the downside risk is much greater than the upside. Will take advantage of the pop to add to my shorts when the "FED FEVER" cools off... will be watching AAPL as my guide, it looks/acts done... Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2023 Author Report Share Posted November 14, 2023 Bullish seasonality. Link to comment Share on other sites More sharing options...
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