DrStool Posted December 5, 2023 Report Share Posted December 5, 2023 Yep, closed out a good month and off to a great start in December with an average theoretical gain of 11.9% on an average holding period of 24 calendar days on current chart picks. Reverses a couple shitty months in September and October. Swing Trade Screen Picks – November Was a Good Month, List Still Mostly Long Here on the day trading front, I need to make this quick because I have a French lesson coming up. This looks like top formation until it doesn't. And it keeps getting bigger, so it's either gonna be a bigger top, or a very nice high base for another move up. As usual, I have no fucking idea which it will be. You pays your money and takes your chances. We try to estimate the odds and go with those odds to the best of our abilities. So far, the market has failed to break out of the zone of major resistance from 4535 to 4600 on the ES, 24 hour S&P 500 fuguetures. A breakdown here would measure to 4485 ish. However, note that the market only needs to clear 4555 in the first hour in NY or later, to get this going back toward another at ack ack ack ack on the high. Good luck to punters of all stripes. Keep your emotions in check and with warm hands and a cold heart, consider the emotions of others, and especially your own emotions, as part of your decision making process. Amen. Hallelujah. For moron the markets, see: Swing Trade Screen Picks – November Was a Good Month, List Still Mostly LongDecember 5, 2023 Tax Revenues and Liquidity are Crashing December 4, 2023 Christmas Goose Temperature Nears Required Doneness December 4, 2023 Swing Trade Screen Picks – Read My Lips, No New Longs. But a Couple Shorts November 28, 2023 Gold Sets Up Potential High Base BreakoutNovember 24, 2023 This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023 A Rally Can’t Live on Hope Alone November 20, 2023 Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 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...
fxfox Posted December 5, 2023 Report Share Posted December 5, 2023 Italian 10y just did fall below 4%, six weeks ago it was at 5.05… Link to comment Share on other sites More sharing options...
DrStool Posted December 5, 2023 Author Report Share Posted December 5, 2023 I'm thinking some of those tightened stops get hit today. Link to comment Share on other sites More sharing options...
fxfox Posted December 5, 2023 Report Share Posted December 5, 2023 S&P 493 is flat for the year? Or is it already sub zero? Link to comment Share on other sites More sharing options...
DrStool Posted December 5, 2023 Author Report Share Posted December 5, 2023 $11 billion T-bill paydown just announced to settle next Tuesday. Janet Claus is coming to town. 1 Link to comment Share on other sites More sharing options...
DrStool Posted December 5, 2023 Author Report Share Posted December 5, 2023 Hourly cycle oscillators have been on 5 day cycle buy signals since this morning. That cuts two ways. The conditions are ripe for a rally. But if the market doesn't get moving soon, those conditions will dissipate and the bottom could drop out. The biggest dumps come from bottoms that fail to hold. Link to comment Share on other sites More sharing options...
DrStool Posted December 5, 2023 Author Report Share Posted December 5, 2023 Normally, the quieter it is here, the more significant the top. Link to comment Share on other sites More sharing options...
DrStool Posted December 5, 2023 Author Report Share Posted December 5, 2023 Particularly in terms of the number of views. Link to comment Share on other sites More sharing options...
DrStool Posted December 5, 2023 Author Report Share Posted December 5, 2023 3 day cycle high due tomorrow afternoon. 5 day due Friday. Tomorrow should be an up day. Until then, bonne nuit et bonne chance! Link to comment Share on other sites More sharing options...
Jorma Posted December 6, 2023 Report Share Posted December 6, 2023 Bears used to get so bearish they would start chewing the tires off their trucks. Now there are no bears left and the only ones chewing tires are dogs. https://jalopnik.com/italian-town-discovers-true-cause-of-slashed-tires-and-1851074137 Link to comment Share on other sites More sharing options...
BreakOut Posted December 6, 2023 Report Share Posted December 6, 2023 14 hours ago, DrStool said: Normally, the quieter it is here, the more significant the top. Lowest views of the year. “It can’t go down.” Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2023 Author Report Share Posted December 6, 2023 Or maybe I'm just boring everybody to death. Link to comment Share on other sites More sharing options...
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