DrStool Posted January 29 Report Share Posted January 29 Stocks are holding tightly to Friday's range near the all time highs. At 6:20 AM in New York, the ES, 24 hour S&P futures were trading near the middle of the tiny trading range of the past 3 trading sessions. The key levels to watch on the downside are 4880, 4875, and 4869. All 3 would need to break to get anything going on the downside. The number to beat on the upside is 4907. In between, yawn. Even the hourly oscillators are neutral, but the fact that they haven't dipped below the zero line, is a mildly bullish tilt. I'm working on the Technical Trader update for this week. The cycle projections say that the breakout will be to the upside. But stock screens don't support that... yet. For moron the markets, see: The Danger Is that the Rally is Narrowly Based January 29, 2024 Fed Balance Sheet Right Now Says Bears Should Get Ready to Rumble January 28, 2024 No Way Gold Has Forceful Breakout – 1/26/24 January 26, 2024 Swing Trade Screen Picks – Adding Shorts January 25, 2024 Primary Dealers Are Maxed Out Again January 24, 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...
potatohead Posted January 29 Report Share Posted January 29 Excellent liquidity report. Appreciate the tutorial of the Fed's balance sheet. Sometimes it nice to get a refresher. Link to comment Share on other sites More sharing options...
Takachi-1 Posted January 29 Report Share Posted January 29 2 hours ago, potatohead said: Excellent liquidity report. Appreciate the tutorial of the Fed's balance sheet. Sometimes it nice to get a refresher. Ditto....... Link to comment Share on other sites More sharing options...
DrStool Posted January 29 Author Report Share Posted January 29 Beegees sing. More than a rally Looks like a launchpad to meeeee.eeee eeee. Link to comment Share on other sites More sharing options...
DrStool Posted January 29 Author Report Share Posted January 29 3 hours ago, potatohead said: Excellent liquidity report. Appreciate the tutorial of the Fed's balance sheet. Sometimes it nice to get a refresher. 1 hour ago, Takachi-1 said: Ditto....... Thanks. You are the only two people on Planet Earth who understand my splanations. 🤣🤣🤣 Seriously. Glad you find value! Fed Balance Sheet Right Now Says Bears Should Get Ready to Rumble Link to comment Share on other sites More sharing options...
potatohead Posted January 29 Report Share Posted January 29 trying my best to get you more interest. Link to comment Share on other sites More sharing options...
DrStool Posted January 29 Author Report Share Posted January 29 3 hours ago, potatohead said: Excellent liquidity report. Appreciate the tutorial of the Fed's balance sheet. Sometimes it nice to get a refresher. 36 minutes ago, potatohead said: trying my best to get you more interest. Thanks! Link to comment Share on other sites More sharing options...
DrStool Posted January 29 Author Report Share Posted January 29 Breakout conventional measured move is around 4940. First gotta get through resistance at 4925. The Danger Is that the Rally is Narrowly Based Link to comment Share on other sites More sharing options...
DrStool Posted January 29 Author Report Share Posted January 29 5 day cycle projection 4950. Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 29 Report Share Posted January 29 Riddle me this me Batman....... AAPL 191.73 -0.69 -0.36% Link to comment Share on other sites More sharing options...
fxfox Posted January 29 Report Share Posted January 29 SMCI earnings good, stock up 10% AI lives, yeeeehaw! 😎🎉🎈 Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 29 Report Share Posted January 29 Interplanet Janet, Lives on.......... >: Who is Buying AI? If it is so smart, why/who is paying for it in the future? Government, Consumer, Terminators? Do they have a sock puppet? Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 29 Report Share Posted January 29 Just say AI....and mention "GREEN" computing...... Link to comment Share on other sites More sharing options...
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