DrStool Posted May 31 Report Share Posted May 31 He is still running. If elected, he will not serve. We now have an overnight double bottom on the 24 hour hourly ES with a modest positive divergence. This should be enough to give the 5 day cycle up phase some upside. 5230-35 is a serious obstacle that they need to clear. There are about 5 different downtrend lines representing resistance through that zone. If they clear it they should be good to go for a bit. Otherwise, down the shitter. For moron the markets, see: Why Gold’s Consolidation Is Probably Not Benign May 30, 2024 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 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...
Jorma Posted May 31 Report Share Posted May 31 At what time are Treasury auctions trades executed? Ideally rates rise into auction and fall after. If your a dealer that is and it often works that way but I have no scorecard. Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 53 minutes ago, Jorma said: At what time are Treasury auctions trades executed? Ideally rates rise into auction and fall after. If your a dealer that is and it often works that way but I have no scorecard. No auctions today. Friday's are a day of rest. Link to comment Share on other sites More sharing options...
fxfox Posted May 31 Report Share Posted May 31 4 minutes ago, DrStool said: No auctions today. Friday's are a day of rest. He meant the settlement of that Coupon Double Pounder with Cheese today i guess. Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 Coupon auctions close at 1 PM on day of auction. Bill auctions close at 11:30 AM. Settlements are 2:30 if memory serves. Might be 2:00. Need to check that. Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 Just now, fxfox said: He meant the settlement of that Coupon Whopper today i guess. Yes. I think that raising of the cash was obviously done earlier in the week in anticipation. T-bill paydowns have already started. The pressure is off already. Net Cash Pay Down in Millions of Dollars, by Date Date Security Type Total Offering Total Publicly Held Maturing Net New Cash or (Pay Down) 06/06/2024 Bills $200,000 $212,002 $(12,002) 06/04/2024 Bills $200,000 $204,981 $(4,981) 05/31/2024 Coupons $243,000 $87,595 $155,405 05/30/2024 Bills $205,000 $211,993 $(6,993) Link to comment Share on other sites More sharing options...
fxfox Posted May 31 Report Share Posted May 31 Just now, DrStool said: Yes. I think that raising of the cash was obviously done earlier in the week in anticipation. T-bill paydowns have already started. The pressure is off already. Net Cash Pay Down in Millions of Dollars, by Date Date Security Type Total Offering Total Publicly Held Maturing Net New Cash or (Pay Down) 06/06/2024 Bills $200,000 $212,002 $(12,002) 06/04/2024 Bills $200,000 $204,981 $(4,981) 05/31/2024 Coupons $243,000 $87,595 $155,405 05/30/2024 Bills $205,000 $211,993 $(6,993) Yes. As far as I know, there is no specific hour for a settelment. For example: If one bank makes an FX Spot deal with a other bank settlement is „T*2“ means „in 2 business days“, maybe the details say that settlement has to be during NY business hours or something like that, butc it does not say „we send the money at 12 a.m.“ or something. Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 Finger inserted. Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 5 day cycle projection 5220 smashed. Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 4 hour bars illustrate yooge spport at 5205-5210. Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 Link to comment Share on other sites More sharing options...
BreakOut Posted May 31 Report Share Posted May 31 I started dabbling in the Treasury auction market a year and a half ago. Since then, for Treasury notes, my experience has been that the interest rate frequently dropped a quarter point or so between the purchase deadline and the actual auctions, which closed a day or two later, around noon Eastern time. A few times the rate stayed the same, once, it dropped almost half a point, but I do not recall the rate increasing into closing, which would have benefited me, the buyer (ie, the Greater Fool). Someone, somewhere, got a slice of the difference. Link to comment Share on other sites More sharing options...
fxfox Posted May 31 Report Share Posted May 31 they sell the AI storage stuff like Dell, SMCI, Vertif… If they‘d start selling Aint No Vida hard now… floodgates. Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 SHould be the bottom here as it tests bottom of channel. Otherwise, it will crash if it breaks. 2 hr bars. Pause That Refreshes Link to comment Share on other sites More sharing options...
DrStool Posted May 31 Author Report Share Posted May 31 This thing is running away from the cycle projections. Link to comment Share on other sites More sharing options...
Recommended Posts