DrStool Posted February 9, 2024 Report Posted February 9, 2024 They've finally managed to push through 5000. The ES 24 hour S&P futures are trading at 5005 here in the pre market at 7:30 AM ET. The 5 day cycle projection points to a range of 5005-5020. Time to get short for a day trade yet? How long can this apparent juggernaut go on? Is This the End, or Only the Beginning For moron the markets, see: Swing Trade Screen Picks – Adding 3 Shorts for Each Long February 6, 2024 Is This the End, or Only the Beginning February 5, 2024 What’s Up with Down Withholding Tax Collections February 4, 2024 In the Goldrums February 2, 2024 Swing Trade Screen Picks – Clearing Out the Shorts January 30, 2024 Fed Balance Sheet Right Now Says Bears Should Get Ready to Rumble January 28, 2024 Primary Dealers Are Maxed Out Again January 24, 2024 US Economy Crashed in December – Nope, See Update January 3, 2024 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.
DrStool Posted February 9, 2024 Author Report Posted February 9, 2024 Looking at ways to get total expiring publicly held debt by date, which the TBAC formerly published, but has now stopped. The trick is knowing how much the Fed bought during QE, and how much it will roll or redeem at each auction. That's a tough one. I don't think that I can get exact figgers on that. I'll think about it and see if I can't come up with an edumacated guess. Otherwise we'll just be stuck with the quarterly net issuance and will have to do some edumacated interfellation. It's aggravating. That is all.
DrStool Posted February 9, 2024 Author Report Posted February 9, 2024 Oh. Now they've done it. Now they've really done it. Just wait.
DrStool Posted February 9, 2024 Author Report Posted February 9, 2024 Cycle projection 4.30-4.35 What’s Up with Down Withholding Tax Collections
DrStool Posted February 9, 2024 Author Report Posted February 9, 2024 I spent too much time in Poland.
WTF Posted February 9, 2024 Report Posted February 9, 2024 Final leg of my FNGD position taken today with the pop over 5000 on the SnP... let's see if gravity can bring the pigs back down to earth...
fxfox Posted February 9, 2024 Report Posted February 9, 2024 This starts to feel like 1999. Back then rates did also rise along with the spectacular rise in stocks…
DrStool Posted February 9, 2024 Author Report Posted February 9, 2024 If they clear 5024, next stop 5050. And if not, then this is it for now.
DrStool Posted February 9, 2024 Author Report Posted February 9, 2024 Remember this? It’s 5050 For Sure
BurntOnce Posted February 9, 2024 Report Posted February 9, 2024 they're talking about a trump rally on gloomberg radio. old news.
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