DrStool Posted April 16 Report Share Posted April 16 Another dawn. But is it another false dawn, this market rally morning? The ES 24 hour S&P futures have rebounded from the bottom of a downtrend channel. It didn't get as low as very short term cycle projections suggested that it would. Hourly cycle oscillators have shifted to the buy side. And the timing isn't bad in terms of normal very short term daily cycles. Those cycles haven't been normal lately, so anything goes, but this one lines up in most ways. The first test of stickability will be a signal trigger line pair at 5080-90 in the NY pre-opening hour, and 5075-85 in the opening half hour. That projects down to 5065-75 at noon. If they can clear that, they should be on their way higher. The first target would be 5110. If they can't clear it, the bottom would probably drop out. Warning Signs Abound, But Ignore Them for Now LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS APRIL 16, 2024 That’s because they’re early, and an intervening temporary force should drive xxxx xxxx xxxxx. Non-subscribers, click here for access. Subscribers, click here to download the report. The warning signs from the Fed’s weekly real time balance sheet data and slightly lagged data on the condition of the US banking system continued last week. The market has acted badly, but this isn’t likely “IT” yet. Non-subscribers, click here for access. xxxxxxxxxxxxxxx began in early April, and they will continue to xxxxxxxxxxx xxxxxxxxxxxx the markets for the next 4 weeks or so. Most of that xxxxx will be coming over the next two weeks. As a result, any additional market decline from here is likely to be xxxxxxxxxx. Non-subscribers, click here for access. Timing that will be tricky and a matter for technical analysis. My technical work has suggested that ideally a 6-month cycle low is due xxxxxx xxxx xxxxxx. A couple of weeks on either side of that would be normal, so we need to be alert, as illustrated in Monday’s Technical Trader report. Non-subscribers, click here for access. We can expect a bigger selloff once the Treasury starts borrowing again, on balance, probably around the xxxxxxxxxxxxxx, and especially when the Fed’s RRP facility is effectively out of cash, which isn’t likely until xxxxxxxxx. Non-subscribers, click here for access. Meanwhile, let’s run through the charts and data so that you can see the logic behind this conclusion. First a review of how this conclusion has evolved over the past couple of months. 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! For moron the markets, see: Warning Signs Abound, But Ignore Them for Now April 16, 2024 Swing Trade Screen Picks – List Shrinks With Good Profits April 15, 2024 No More Downside April 15, 2024 Back to the Gold Old Days 4/9/24 April 9, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 2024 The End Is Not Nigh March 26, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 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 April 16 Author Report Share Posted April 16 Alrighty then. Link to comment Share on other sites More sharing options...
SiP Posted April 16 Report Share Posted April 16 higher yields are like knives, could kill the market. Link to comment Share on other sites More sharing options...
DrStool Posted April 16 Author Report Share Posted April 16 Explosive rally we got going here Link to comment Share on other sites More sharing options...
DrStool Posted April 16 Author Report Share Posted April 16 What's My Line, with John Daly, Bennet Cerf, Arlene Francis, Steve Allen and Kitty Kilgallen Link to comment Share on other sites More sharing options...
DrStool Posted April 16 Author Report Share Posted April 16 Back to the Gold Old Days Link to comment Share on other sites More sharing options...
DrStool Posted April 16 Author Report Share Posted April 16 Incoming Link to comment Share on other sites More sharing options...
BreakOut Posted April 16 Report Share Posted April 16 3 hours ago, DrStool said: What's My Line, with John Daly, Bennet Cerf, Arlene Francis, Steve Allen and Kitty Kilgallen Trivia: Although he pronounced the little known (at the time) island of Oahu as “O-ha-u”, John Daly was the first radio broadcaster to break the news of the Pearl Harbor attack to the nation. Link to comment Share on other sites More sharing options...
Jorma Posted April 17 Report Share Posted April 17 "What's My Line, with John Daly, Bennet Cerf, Arlene Francis, Steve Allen and Kitty Kilgallen " That was Kitty Carlisle but she was on To Tell the Truth. It was Dorothy Kilgallen who was on What's My Line. Tomorrow we can cover Gisele MacKenzie and Anna Maria Alberghetti. Unless you want to delve into Kilgallen's odd link in Kennedy assassination theories. Link to comment Share on other sites More sharing options...
DrStool Posted April 17 Author Report Share Posted April 17 9 hours ago, Jorma said: "What's My Line, with John Daly, Bennet Cerf, Arlene Francis, Steve Allen and Kitty Kilgallen " That was Kitty Carlisle but she was on To Tell the Truth. It was Dorothy Kilgallen who was on What's My Line. Tomorrow we can cover Gisele MacKenzie and Anna Maria Alberghetti. Unless you want to delve into Kilgallen's odd link in Kennedy assassination theories. My memory failed me. Link to comment Share on other sites More sharing options...
Recommended Posts