DrStool Posted May 29 Report Share Posted May 29 That's the current 5 day cycle projection on the ES 24 hour S&P futures. It's also a spport level, a hair above last week's low. Meanwhile, hourly cycle oscillators are Dover Sole, down to the level where they bottomed last week. That doesn't guarantee a bottom. If the continue lower here, it would suggest that you should don your crash helmets. June Swoon Called Off LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS MAY 29, 2024 Fed balance sheet and banking data, along with Treasury supply data had previously shown the prospect for some stock market weakness around the enormous expected end of May Treasury coupon settlement. I warned about it in our last update of this data on May 13, which was headlined, “Why Sell in May and Go Away.” Non-subscribers, click here for access. Subscribers, click here to download the report. Last week, the Treasury confirmed the amount of the settlement that I had estimated. Over the past few days, we’ve begun to see the effects of that in stocks and bonds. But how bad will it be? This report answers that question, and shows you why. 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: June Swoon Called Off May 29, 2024 Primary Dealers Raise Red Flag May 29, 2024 Swing Trade Screen Picks – Plunging May 28, 2024 Pause That Refreshes May 28, 2024 Here Are the Projections for Gold’s Rally Highs May 22, 2024 Icing on the Gold Cake May 10, 2024 April Tax Collections Soared May 4, 2024 The Fed Doesn’t Matter Any More May 1, 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 May 29 Author Report Share Posted May 29 In my swing trade screens of roughly 1400 NYSE and Nadsaq stocks meeting price and volume criteria from yesterday, 42 stocks met preliminary criteria for buy and 46 for sell. However none of the sells triggered yesterday. 5 of the buys triggered. Link to comment Share on other sites More sharing options...
DrStool Posted May 29 Author Report Share Posted May 29 5 day cycle projection 5260. Hourly oscillators edging closer to buy signal, but not there yet. Can't rule out a crash until the turn is complete. Link to comment Share on other sites More sharing options...
SiP Posted May 29 Report Share Posted May 29 JB Hunt - testing 2021 and 2022 low. This is big. Link to comment Share on other sites More sharing options...
DrStool Posted May 29 Author Report Share Posted May 29 Ugly. Link to comment Share on other sites More sharing options...
fxfox Posted May 29 Report Share Posted May 29 Salesforce drops stink bomb after hours, down -17%, this will weigh on the whole software sector. … and Abercrombie is obviously a meme stock now Link to comment Share on other sites More sharing options...
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