DrStool Posted January 26 Report Share Posted January 26 The ES, 24 hour S&P futures are still in a bullish pattern. Higher highs, with the exception of yesterday, so far, and higher lows, although the angle of ascent has decreased sharply. The action is now in a trading range of 4860-4903. We wait for the breakout either way to give us a sense of direction from here. There's no doubt about it. The outcome is absolutely, positively uncertain. Of course, on the bigger picture, not so much. It’s 5050 For Sure Meanwhile, the Fed's RRP slush fund fell to another new low yesterday at $551 billion. Tick tock. Primary Dealers Are Maxed Out Again For moron the markets, see: Primary Dealers Are Maxed Out Again January 24, 2024 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 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...
fxfox Posted January 26 Report Share Posted January 26 This market goes on my nerves Link to comment Share on other sites More sharing options...
DrStool Posted January 26 Author Report Share Posted January 26 Link to comment Share on other sites More sharing options...
SiP Posted January 26 Report Share Posted January 26 2 hours ago, fxfox said: This market goes on my nerves Why? Oil/energy is moving. I'm buying this Link to comment Share on other sites More sharing options...
DrStool Posted January 26 Author Report Share Posted January 26 Link to comment Share on other sites More sharing options...
DrStool Posted January 26 Author Report Share Posted January 26 Link to comment Share on other sites More sharing options...
fxfox Posted January 26 Report Share Posted January 26 Interesting charts Doc 😎 Link to comment Share on other sites More sharing options...
potatohead Posted January 26 Report Share Posted January 26 23 minutes ago, DrStool said: Looks like the jaws of life will be needed after this reversal Link to comment Share on other sites More sharing options...
fxfox Posted January 26 Report Share Posted January 26 Reminds me of the „cash burn rate“ in the early 2000s Link to comment Share on other sites More sharing options...
SiP Posted January 27 Report Share Posted January 27 12 hours ago, potatohead said: Looks like the jaws of life will be needed after this reversal This is 2020. X Axis. After 2020-01 we had covid and lockdowns in March so it's hard to compare the situation and what would happen then Link to comment Share on other sites More sharing options...
SiP Posted January 27 Report Share Posted January 27 Barrona got long article on Microsoft, that it's pricey and maybe could not deliver in 2025. For technology investors, this coming week is the Super Bowl. Earnings reports from the five most important companies in the business are just days away. Alphabet and Microsoft provide updates on Tuesday, then Amazon, Apple, and Meta Platforms check in on Thursday. Link to comment Share on other sites More sharing options...
SiP Posted January 27 Report Share Posted January 27 "the strong dollar is pressing on the neck of gold and silver a bit this week. Given the balance sheet expansion and fiat debasement we have seen since 2010, silver should be ashamed of itself. Any way you slice and dice the data, equities and crypto have been a much better hedge for fiat debasement than precious metals. And to make matters worse, precious metals are negative carry. And to those that bought GDX. Man. That thing is a pig. Worse than the metals!" Weekly speedrun Link to comment Share on other sites More sharing options...
SiP Posted January 27 Report Share Posted January 27 Fomc and employment data next week. Add bigtech earnings and could be volatile. Link to comment Share on other sites More sharing options...
SiP Posted January 27 Report Share Posted January 27 The next 62-63 day cycle high is due in the next 3 days. Theoretically, it may be similar to the May high which was only a short term high, but unlike in May SPX is overbought on the weekly timeframe now so the odds of an intermediate term high are much bigger now. Link to comment Share on other sites More sharing options...
SiP Posted January 27 Report Share Posted January 27 Link to comment Share on other sites More sharing options...
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