DrStool Posted August 7 Report Share Posted August 7 22 hours ago, DrStool said: It's getting late. $95 billion drawdown since July 29. That's pretty radical. It's out of character with the trend of the past 3 months. The acceleration is a reflection of the stress on the market from rising bond prices and falling stock prices. Why Primary Dealers Net Short Fixed Income Is Now Bad News for Stocks August 1, 2024 So the countdown to zero day goes on. Looks like the projections I made early this year are playing out on schedule. The slush fund is running out of money fast. What happens when it gets to zero. That's the question, which I've addressed in Liquidity Trader. Of course, we've never done this before, so nothing is carved in stone. We gotta watch the TA, as always. Implications of Market Ahead of Itself As for the intraday stuff, the rebound progresses. The ES now has a 5 day cycle projection of 5500. That is not a typo. However, on a 4 day basis, the projection is only 5385. On a 2-3 day cycle, it's 5375. There's also a conventional base breakout measured move target of 5400. There's lots of resistance indicated around 5300 and 5325. That would need to be cleared before there's a shot at those higher targets. For moron the markets, see: Swing Trade Screen Picks – Missing 80% August 5, 2024 Implications of Market Ahead of Itself August 5, 2024 Tax Collections Were Worse than the Jobs Report But… August 5, 2024 Why Primary Dealers Net Short Fixed Income Is Now Bad News for Stocks August 1, 2024 Stars Suddenly Align for Gold August 1, 2024 End Stage Hysteria Breaks July 24, 2024 Picking Up Nickels in Front of a Steamroller July 9, 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 August 7 Report Share Posted August 7 #liquidity Japan said on Wednesday that it conducted a record single-day yen-buying intervention in April, selling 5.92 trillion yen ($40.83 billion) worth of dollars in a fight against a falling yen at that time. Quarterly data from the Ministry of Finance (MOF) showed that Japan spent a record 5.92 trillion yen on a single-day yen-buying intervention on April 29 and a further 3.87 trillion yen on May 1. The previous single-day record for such intervention was 5.62 trillion yen spent on Oct. 21, 2022, according to MOF data available since 1991. https://www.reuters.com/markets/currencies/japans-april-yen-buying-intervention-sets-new-daily-record-2024-08-07/ Quote Link to comment Share on other sites More sharing options...
DrStool Posted August 7 Author Report Share Posted August 7 Quote Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 7 Report Share Posted August 7 4 hours ago, SiP said: #liquidity Japan said on Wednesday that it conducted a record single-day yen-buying intervention in April, selling 5.92 trillion yen ($40.83 billion) worth of dollars in a fight against a falling yen at that time. Quarterly data from the Ministry of Finance (MOF) showed that Japan spent a record 5.92 trillion yen on a single-day yen-buying intervention on April 29 and a further 3.87 trillion yen on May 1. The previous single-day record for such intervention was 5.62 trillion yen spent on Oct. 21, 2022, according to MOF data available since 1991. https://www.reuters.com/markets/currencies/japans-april-yen-buying-intervention-sets-new-daily-record-2024-08-07/ 5.92 trillion (yen)....nothing to see here..............poor Mr. Roboto..... >:: TRILLION....thing about that in historical terms....(sad clown face) Quote Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 7 Report Share Posted August 7 This is what ai spits out, maybe even real.......(FM 2016) (He is real in life) Quote Link to comment Share on other sites More sharing options...
DrStool Posted August 7 Author Report Share Posted August 7 Coming soon to a thee ate her near you, the obligatory test of the low. Quote Link to comment Share on other sites More sharing options...
potatohead Posted August 7 Report Share Posted August 7 7 minutes ago, DrStool said: Coming soon to a thee ate her near you, the obligatory test of the low. For many this may be PAY N FULL Quote Link to comment Share on other sites More sharing options...
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