DrStool Posted March 15 Report Share Posted March 15 That's right spport fans. There's a downtrend channel on the hourly chart of the ES, 24 hour S&P futures. But catch it while you can. The top of the channel will be at 5162 as of the 9 AM tick in New Yak. That descends to 5155 at 4 PM when the boyz will go home for the weak end. Even if they break that line, it may not get far. There's uptrend resistance running from 5165 to 5168 today. Only if they clear that, will it be off to the races again. A mud fight seems more likely. OTOH, the 4 day iteration of the 5 day cycle seems to be back, and the 5 day cycle hourly oscillators have edged to buy signals. Advantage bools. Unless they take out 5145. Then I think we see 5123 again. Chow for now. It's past lunch time here. Market Flies Blind in Thin Air For moron the markets, see: Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 Market Flies Blind in Thin Air March 11, 2024 Swing Trade Screen Picks – What to Do With Profitable Week Behind March 8, 2024 Gold Sets Up for Major Breakout March 6, 2024 The Magic of Rising Stock Prices Driving Liquidity, Driving Prices March 4, 2024 Tax Collections Took Off in a Stunning Reversal in February March 3, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 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. Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 5 day cycle projection 5105. Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 Spport convergence 5115. Markets Create Money, Money Talks, Markets Listen Etc. Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 5 day cycle projection drops to 5085. Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 If they clear 5115, bottom in for toady. Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 Did I say 5115? Didn't mean it really. 🤣🤣🤣 Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 Gold Due for Pause that Refreshes LEE ADLER 3 - GOLD TRADER MARCH 15, 2024 The 9-12 month cycle projection now points to xxxx, but a consolidation is due in the short run as the 13-week cycle appears to have topped out for now. The conventional measured move target of the high base breakout xxx xxxx xxxx. For the advance to continue, gold must xxxxxxx xxxxxxxx xxxxxx. Non-subscribers click here for access. Subscribers, click here to download the report. Currently swinging mining picks with average gain of 17% on average 37 day hold. Subject to change. Subscribers, see table in report. Non-subscribers click here for access. Try Lee Adler’s Gold Trader risk free for 90 days! Link to comment Share on other sites More sharing options...
Jimbo Posted March 15 Report Share Posted March 15 INTERESTING STOCK OF THE DAY BP Market cap $106 billion. Cash on balance sheet $33 billion. So really the business is valued at $73 billion. Free cash flow in 23 was $17 billion. 4.3 times FCF. Why don't companies like this just can their dividend and do buybacks??? They could buy the company back in 4 years!!!!!! If they use the cash on the balance sheet and four years of FCF!!!!! 25% return on capital. Link to comment Share on other sites More sharing options...
potatohead Posted March 15 Report Share Posted March 15 2 hours ago, DrStool said: Spport convergence 5115. Markets Create Money, Money Talks, Markets Listen Etc. Lee's modern impressionist image of the "Green Wave", Otherwise known as "A Bull's Paradise" Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 5 day cycle projection now 5105. Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 Double bottom at 5110, but I see no positive divergences on any oscillators from hourly down to quarter hour bars. Usually means a lower low to go. Link to comment Share on other sites More sharing options...
Jorma Posted March 15 Report Share Posted March 15 I figure once they get this AI figured out the market will go up every day. Mars, here we come. Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 What a dud. Chow now brown cow how bow low mow pow row sow tow vow wow glow brow show grow slow blow snow stow flow Dow Link to comment Share on other sites More sharing options...
DrStool Posted March 15 Author Report Share Posted March 15 One syllable only, thank you. De Nice France, bonne weekend et bonne chance! Link to comment Share on other sites More sharing options...
SiP Posted March 15 Report Share Posted March 15 The tide has started. Link to comment Share on other sites More sharing options...
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