DrStool Posted March 18 Report Share Posted March 18 Every time it looks as though the rally is running out of gas, somebody gives it a fill-up. It's as if Friday's selloff didn't happen. Meanwhile, did you notice that the Fed's RRP slush fund dropped by $100 billion to a new low of $418 billion over the last 3 days of last week. Don't worry, it won't run out of cash any time soon. This is money that came out to pay March 15 corporate income tax. Now the Treasury will use it to start paying down T-bills. It will flow back into money market funds, and there won't be any T-bill supply to absorb it for the next 2 months. So right back into the RRP slush fund it will go. More on that here, with an update to come this week. Markets Create Money, Money Talks, Markets Listen Etc. As for the hourly ES, 24 hour S&P futures, the downtrend has been obliterated and they've started a new 5 day cycle up phase. Watch for a pullback to 5150. If that holds, then we have a new uptrend channel to work with. If no pullback, then the current meltup will run right back to the high of 5190. The next 3-5 day cycle high is due Wednesday-Friday. Buckle up. A Top is In, But Which One Is It 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...
Jimbo Posted March 18 Report Share Posted March 18 A LITTLE PROBLEM WITH NUMBERS The US budget defecit is 6% of GDP. To stop the government debt spiralling futher in real terms requires inflation around this level. I call it the "budget balancing level of inflation". Link to comment Share on other sites More sharing options...
Takachi-1 Posted March 18 Report Share Posted March 18 In 1960 my father paid me $10 to read a book "W?hy Gold" that spoke to the impending collapse due to over spending and deficits. I bought the premise and have expected the collapse ever since. As soon as I swear off the premise, the collapse will happen. I know its true, just unbelievable the extent to which it can be violated. Link to comment Share on other sites More sharing options...
DrStool Posted March 18 Author Report Share Posted March 18 2-3 day cycle projection 5195. Link to comment Share on other sites More sharing options...
SiP Posted March 18 Report Share Posted March 18 What a Bonner, any ideas why we have this rally again? I was pretty sure we would start dropin further Link to comment Share on other sites More sharing options...
SiP Posted March 18 Report Share Posted March 18 Got it, ai again https://www.marketwatch.com/story/apple-in-talks-with-google-to-use-gemini-ai-tool-in-new-iphone-report-says-abe02b87 Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 18 Report Share Posted March 18 13 minutes ago, SiP said: What a Bonner, any ideas why we have this rally again? I was pretty sure we would start dropin further It is FED week (Wednesday)......and they never let Fruadexes down....... even if they have to repeat themselves another 10 times the next day..... Link to comment Share on other sites More sharing options...
DrStool Posted March 18 Author Report Share Posted March 18 55 minutes ago, DrStool said: 2-3 day cycle projection 5195. Make it 5185. A Top is In, But Which One Is It Link to comment Share on other sites More sharing options...
DrStool Posted March 18 Author Report Share Posted March 18 Read my list, no new highs. Swing Trade Screen Picks – Adding Stops to Take Profits Link to comment Share on other sites More sharing options...
potatohead Posted March 18 Report Share Posted March 18 33 minutes ago, DrStool said: Read my list, no new highs. Swing Trade Screen Picks – Adding Stops to Take Profits Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 18 Report Share Posted March 18 A general look at the Gary "US" Bond Market (T -2 FED) (3-18-24) >: Most bonds/CD's are callable and of less "value" sans Treasuries Link to comment Share on other sites More sharing options...
DrStool Posted March 18 Author Report Share Posted March 18 If the 10 year clears 4.35 it will head for 4.55-.60 pdq. If not, then it's a trade on the long side. Not for long, but potentially a play. Right now, this chart looks bullish. Which is bearish. Get it? 😁 Markets Create Money, Money Talks, Markets Listen Etc. Link to comment Share on other sites More sharing options...
DrStool Posted March 18 Author Report Share Posted March 18 Now we settle in and wait for the circus to come to town. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 18 Report Share Posted March 18 32 minutes ago, DrStool said: Now we settle in and wait for the circus to come to town. Boeing will fly them in......"at a undisclosed fee".... Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 18 Report Share Posted March 18 Has to be quote of the day.... I do not like Biden or Trump......(and many other "candidates") Tell me who are you are voting for.... HOBSON Link to comment Share on other sites More sharing options...
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