DrStool Posted January 24 Report Share Posted January 24 Time marches on and so does the market on its upward path. Overnight, the ES 24 hour S&P futures rolled to new high after new high, finally hitting the measured move projection of the high base breakout at 4886. It bumped into an uptrend channel line twice, including as of 6:45 AM ET at 4885. That line is the only resistance that matters at the moment, and it rises to 4900 as of the NY close at 4 PM ET. If they clear it during the day, they're likely to run into a second line of resistance at 4900. If they are above that approaching the close, the next place to look for a stop would be 4920ish. And then every 20 points or so above that. But all of those lines are uptrending. In the unthinkable event of a pullback, the ES would need to be below 4860 around mid day to break anything. For moron the markets, see: It’s 5050 For Sure January 22, 2024 Gold Hits Melting Point January 18, 2024 Swing Trade Screen Picks – Ready for Blast Off or Dive Dive! January 17, 2024 Weekly Bank Data and Fed Balance Sheet Say the End is Nigh January 16, 2024 US Economy Didn’t Crash in December? January 4, 2024 US Economy Crashed in December – Nope, See Update January 3, 2024 Macro Liquidity – The Party’s Over January 1, 2024 Dealers Stay Extended December 16, 2023 This Chart Tells Us Exactly When the Bull Market Will End November 26, 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...
SiP Posted January 24 Report Share Posted January 24 SOX / nvidia is the name of the game Monster move still in play. > 600. I'm amazed. I thought that it will reach 550 max. Lesson? Just follow the tape, dont make forecasts. Link to comment Share on other sites More sharing options...
SiP Posted January 24 Report Share Posted January 24 AI Link to comment Share on other sites More sharing options...
SiP Posted January 24 Report Share Posted January 24 Monster jump - ASML in Europe. Link to comment Share on other sites More sharing options...
SiP Posted January 24 Report Share Posted January 24 AMD - pure madness and greed. The ultimate alpha. Link to comment Share on other sites More sharing options...
DrStool Posted January 24 Author Report Share Posted January 24 Link to comment Share on other sites More sharing options...
DrStool Posted January 24 Author Report Share Posted January 24 do you remember when the German government bailed out AMD? Link to comment Share on other sites More sharing options...
specie Posted January 24 Report Share Posted January 24 and i thought we were on our way to another super secret sell signal. shoot. ges snot Link to comment Share on other sites More sharing options...
DrStool Posted January 24 Author Report Share Posted January 24 Primary Dealers Are Maxed Out Again LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JANUARY 24, 2024 The dealers have gone to an extreme of leverage against their bond positions for the second time since last July. Back then, the extreme lasted for about a month, and it coincided with an intermediate top in stock prices and an accelerated decline in bond prices and the necessary inverse rise in yields. Non-subscribers, click here for access. Subscribers, click here to download the report. This report shows the pictures that tell the story, and that tells us what to do about it. KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! 1 Link to comment Share on other sites More sharing options...
SiP Posted January 24 Report Share Posted January 24 2 hours ago, DrStool said: do you remember when the German government bailed out AMD? German? I remember some bailout in 2008 by Abu Dhabi https://www.marketwatch.com/story/amd-scores-with-petro-fueled-bailout-deal Link to comment Share on other sites More sharing options...
specie Posted January 24 Report Share Posted January 24 reversals underway? or is that a secret buy signal? Link to comment Share on other sites More sharing options...
fxfox Posted January 24 Report Share Posted January 24 1 hour ago, SiP said: German? I remember some bailout in 2008 by Abu Dhabi https://www.marketwatch.com/story/amd-scores-with-petro-fueled-bailout-deal Maybe Doc means that: https://spectrum.ieee.org/amp/germanys-dram-bailout-2650250957 but I don‘t remember a german state sponsored bailout of AMD. Link to comment Share on other sites More sharing options...
WTF Posted January 24 Report Share Posted January 24 1600 calling the XOI... will be watching for the break back below 1800... then the fall to 1600 should not take long. (barring a geopolitical event...) The broader markets are under the delusion that lower energy prices are a good thing... the reality will soon become apparent... Link to comment Share on other sites More sharing options...
SiP Posted January 24 Report Share Posted January 24 Tesla triple miss! Link to comment Share on other sites More sharing options...
SiP Posted January 24 Report Share Posted January 24 It's a really tough environment for Tesla, even for them. The amount of competitors coming from China is staggering. Their target is also Europe. Link to comment Share on other sites More sharing options...
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