DrStool Posted April 3 Report Share Posted April 3 That's right, storps fans. Stocks can go up AND down, as the last two days have shown. However, with the market now being flooded with cash from T-bill paydowns every couple of days, don't expect much more downside for the time being. It was fun while it lasted, and a sign of things to come, but probably not today. Swing Trade Screen Picks – Extended Uptrend Yields Just One New Pick On the hourly chart of the ES, 24 hour S&P futures, a 5 day cycle low is in. The 2 day downtrend is broken. Spport lines held. And another buy signal will be triggered on an hourly close above 5207. If they're successful at that, this could go up faster than it went down. If they don't manage to punch through that area, then we waffle for a few hours and try again this afternoon. By 2 PM the trigger level for a buy signal would be around 5200. For moron the markets, see: Gold Goes Space Needle April 1, 2024 Swing Trade Screen Picks – Extended Uptrend Yields Just One New Pick March 31, 2024 Nowhere to Go but Up March 31, 2024 The End Is Not Nigh March 26, 2024 Don’t Stop Never Disbelieving March 24, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 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. Quote Link to comment Share on other sites More sharing options...
SiP Posted April 3 Report Share Posted April 3 10 year note, crucial place 5 year 30 year Quote Link to comment Share on other sites More sharing options...
SiP Posted April 3 Report Share Posted April 3 Lets talk about price, not yield. Traders dont trade yields. traders trade bonds. Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 3 Author Report Share Posted April 3 Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 3 Author Report Share Posted April 3 Banking Data Says This Is Last Hurrah for Stocks LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS APRIL 3, 2024 The Fed’s weekly real time balance sheet data and its slightly lagged data on the condition of the US banking system have flashed warning signs that the rally is on its last legs. xxxxxxx, Treasury bill paydowns have begun on schedule, and they will xxxx cash xxxx the markets for the next 6 weeks. Non-subscribers, click here for access. Subscribers, click here to download the report. This will lead to xxxx xxxx xxxx for stocks, and should also xxxx the bond market. A big xxxxxxx in bonds hangs in the balance. Stocks should be xxxxxx off and on through April and part of May before the xxxx xxxx xxxx xxxx vomitorium. Non-subscribers, click here for access. KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 3 Author Report Share Posted April 3 Sucker is wedged in there pretty good. Quote Link to comment Share on other sites More sharing options...
Jorma Posted April 3 Report Share Posted April 3 With around $800 billion in the Treasury account as of last Wednesday why they borrowed anything this week escapes me. Force of habit? Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 3 Author Report Share Posted April 3 Hard to believe, Harry. Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 3 Author Report Share Posted April 3 That's what the technical anal cysts call an ooopsie. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.