DrStool Posted May 30 Report Share Posted May 30 My gawd. I almost forgot to open this thread. We finally got our 5 day cycle buy signal, but only after an overnight shakeout. Why Gold’s Consolidation Is Probably Not Benign LEE ADLER 3 - GOLD TRADER MAY 30, 2024 Gold came within 16 points of its last 9-12 month cycle projection. It now appears to have topped out and entered a flat down phase. However… Non-subscribers click here for access. Subscribers, click here to download the report. Meanwhile, we’re down to swinging 5 mining picks and they might be gone soon too. Subscribers, see table in report. Non-subscribers click here for access. Try Lee Adler’s Gold Trader risk free for 90 days! 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...
Jimbo Posted May 30 Report Share Posted May 30 DEAR DEERE DEAR Looked at Deere's financials Stock over valued at $370 Deere is rapidly increasing debt (now at $63 billion) to buy back shares and keep the stock overvalued..... For how long can Deere keep on doing this???? When the music stops the stock will be much lower. It reminds me of GE buying its overvalued shares..... We know how that turned out. Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 Trend test. Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 If they punch through this channel, which I think they will, there's a lot of clearance overhead. Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 I failed to notice that there was a trendline convergence right there. Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 ok, possible Hires low. Link to comment Share on other sites More sharing options...
SiP Posted May 30 Report Share Posted May 30 there is a glitch and market are frozen? Link to comment Share on other sites More sharing options...
specie Posted May 30 Report Share Posted May 30 We just went ahead and fixed the glitch. Well just a second there professor. We just fixed the glitch Link to comment Share on other sites More sharing options...
SiP Posted May 30 Report Share Posted May 30 https://www.reuters.com/markets/rates-bonds/biggest-month-bond-supply-test-markets-rate-cut-bets-fade-2024-05-30 June looks ugly Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 Trend breakout. 5260 would break the neckline of a slanted W bottom. Conventional measured move target would then be 5275 if they get through 5260. Link to comment Share on other sites More sharing options...
SiP Posted May 30 Report Share Posted May 30 Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 46 minutes ago, SiP said: https://www.reuters.com/markets/rates-bonds/biggest-month-bond-supply-test-markets-rate-cut-bets-fade-2024-05-30 June looks ugly June Swoon Called Off Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 Both sides are nervous in Port Jervis. Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 If 5242 holds, bulls ball. Link to comment Share on other sites More sharing options...
DrStool Posted May 30 Author Report Share Posted May 30 Bears' ball. Link to comment Share on other sites More sharing options...
Recommended Posts