DrStool Posted November 22, 2023 Report Share Posted November 22, 2023 Happy Turkey Day to all my fellow Merkans. Tomorrow is just another day in la France but I will enjoy it vicariously with you as you celebrate with your families. Normally Wall Street pre-celebrates, and it's beginning to look that way on the hourly chart of the ES, 24 hour S&P futures, just before 8 AM ET. The 1 day cycle projection looks like 4560-65. If successful, that would imply a conventional measured move target of 4580-85. But let's not jump the gun. The market has reached an area of major resistance for the next 50 points. The first pivot level obstacle is 4557. Clear that, and more upside should follow. Don't clear it and be ready to wallow. Room to Run For moron the markets, see: Swing Trade Screen Picks – Holding Those Longs November 20, 2023 Room to Run November 20, 2023 A Rally Can’t Live on Hope Alone November 20, 2023 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 Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 2023 Which to Believe, the BLS or Actual Tax Collections November 3, 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 22, 2023 Author Report Share Posted November 22, 2023 Why all the gyrations? Link to comment Share on other sites More sharing options...
BurntOnce Posted November 22, 2023 Report Share Posted November 22, 2023 they're all broke. the wealthy are downsizing. consumerism is depleted. Link to comment Share on other sites More sharing options...
fxfox Posted November 22, 2023 Report Share Posted November 22, 2023 Consumerism won't die. Look at the crazy shit they baught in the 70s Those sauna pants... Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2023 Author Report Share Posted November 22, 2023 If they advertise it, you will come. Link to comment Share on other sites More sharing options...
Jorma Posted November 22, 2023 Report Share Posted November 22, 2023 57 minutes ago, DrStool said: If they advertise it, you will come. That's right. Here Is the Doctor circa 77 in his leisure suit next to his hot Chevy Vega. Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2023 Author Report Share Posted November 22, 2023 That's not me, but it is my Vega. Engine blew after 35k miles. Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2023 Author Report Share Posted November 22, 2023 I got my first job on the Street in 77. Link to comment Share on other sites More sharing options...
fxfox Posted November 22, 2023 Report Share Posted November 22, 2023 27 minutes ago, DrStool said: That's not me, but it is my Vega. Engine blew after 35k miles. Be thankfull that you had no Pinto Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2023 Author Report Share Posted November 22, 2023 Have a great holiday. I'll leave this thread open for Friday, which will be a short day, closing at 1 PM ET. No one will be around. Joyeux Action de Graces, bonne nuit et bonne chance! Link to comment Share on other sites More sharing options...
BreakOut Posted November 22, 2023 Report Share Posted November 22, 2023 Aluminum engines just aren’t what they’re cracked up to be. Link to comment Share on other sites More sharing options...
TurdButter Posted November 22, 2023 Report Share Posted November 22, 2023 1 hour ago, Jorma said: That's right. Here Is the Doctor circa 77 in his leisure suit next to his hot Chevy Vega. My senior picture had me in that exact suit, except it was in light yellow. An open collar shirt-in lime green-and brown lace ups with wing tip and brougeing, done in both suede and leather with a inch heel completed the style statement.🤩 Link to comment Share on other sites More sharing options...
TurdButter Posted November 22, 2023 Report Share Posted November 22, 2023 1 hour ago, fxfox said: Be thankfull that you had no Pinto My high school car was my dad's screaming yellow Pinto station wagon, aka 'The Yellow Beagle'! Luckily, never got hit in the ass end. Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2023 Author Report Share Posted November 23, 2023 I honestly don't recall ever owning or wearing a leisure suit. Banlon? 1 Link to comment Share on other sites More sharing options...
SiP Posted November 23, 2023 Report Share Posted November 23, 2023 While mega-cap tech stocks like Nvidia drove the big three indexes higher in the first half of the year, the equal-weight S&P 500 index is up 7.6% this month. That's a positive sign for strategists that were worried about a lack of breadth in this year's rally. Link to comment Share on other sites More sharing options...
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