DrStool Posted September 18 Report Share Posted September 18 First: Quote Macro Money Blows the Roof Off Lee Adler 1 - Liquidity Trader- Money Trends September 17, 2024 Measures of banking system and non bank liquidity have broken out to new highs. The market rallies remain well supported by adequate liquidity. There are a few measures flashing yellow but most are ramping. Non-subscribers, click here for access. Subscribers, click here to download the report. At the same time, critical ratios reached all time levels of extension over the summer. It means that the current rally is likely to be the final rally of the bull markets in stocks and bonds. Enjoy it while it lasts, because it’s not long for this world. Non-subscribers, click here for access. Along with the usual charts and explanations to paint the picture. Non-subscribers, click here for access. Then here's our regular look at the intraday patterns. The market took a little dump yesterday afternoon after failing to break out to a new high. Profit takers swooped in. Would be top callers got short. But like a relief rally, this was more like a relief dump. Instead of damaging the trend, it may have just relaxed it enough to try again today. First they need to get through 5645. That should trigger a move to at least test yesterday's high, which reached the 5 day cycle projection. If they clear 5671 today, then that would complete a huge bottom pattern that would have a measured move target of much, much higher. No point in posting that here. I've covered the longer term targets in Stock Market Has Perfect Lineup for Fall Classic. Risk free trial available for first time subscribers. In the short run, the next resistance area and likely first target would be 5700. Meanwhile, my precious has blown out its weekly chart base breakout measured move target. Shifting down to the hourly chart, the pattern remains bullish. The latest measured move target on that basis is around 2630. On the basis of short term cycle projections we're looking at 2635. A new update on gold is coming tomorrow. Here's the latest. Gold Gets Ready to Rumble 9/12/24 What about BTC? Is this a consolidation or a top on the weekly chart. Looks like the former to me. The tell would be a breakout through 66,000 coupled with an upturn in the weekly oscillators. On the other hand, look the other way if those indicators break their prior lows and the price falls below 49k. Finally, is this where the rally in the Treasury market ends? Stay tuned. Macro Money Blows the Roof Off For moron the markets, see: Macro Money Blows the Roof Off September 17, 2024 Swing Trade Screen Picks – Eight Is Enough September 17, 2024 Stock Market Has Perfect Lineup for Fall Classic September 16, 2024 Gold Gets Ready to Rumble 9/12/24 September 12, 2024 Primary Dealer Clown Show Danger Pales in Comparison to Hedgie Daredevils September 11, 2024 Swing Trade Screen Picks – Read My List, No New Picks September 10, 2024 How Deep Was My Valley September 9, 2024 Here’s Hard Evidence that the Slowing Economy Narrative is False September 8, 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...
DrStool Posted September 18 Author Report Share Posted September 18 Oh my. Today is FOMCircus Day. I hadn't paid notice. I heard that they're gonna cut one. Nyuk nyuk. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 Couple of intraday cycle time counts suggests that this is a 4 or 5 day cycle low rot hyar. Quote Link to comment Share on other sites More sharing options...
SiP Posted September 18 Report Share Posted September 18 The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 4 hours ago, DrStool said: Couple of intraday cycle time counts suggests that this is a 4 or 5 day cycle low rot hyar. Damn straight. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 Here's the bottom line. The Fed just cut rates into an economy that's already overheating. Macro Money Blows the Roof Off Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 On September Q3 estimated tax collections. Quote .... a massive tax collection day that added $188 billion to the Treasury account on September 16, putting it $25 billion above the quarter end target of $850 billion. Macro Money Blows the Roof Off Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 Sell signal on Treasuries if the 10 year yield holds above 3.666 Macro Money Blows the Roof Off Quote Link to comment Share on other sites More sharing options...
specie Posted September 18 Report Share Posted September 18 EKGs accross the board. That isn't sinus rythym Quote Link to comment Share on other sites More sharing options...
SiP Posted September 18 Report Share Posted September 18 Tax Withholding Growth Ticked up in August, but Was Near the Bottom of its Range Over Most of the Past Year https://taxtracking.com/tax-withholding-growth-ticked-up-in-august/ Quote Link to comment Share on other sites More sharing options...
SiP Posted September 18 Report Share Posted September 18 gold made a top this week. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 1 hour ago, DrStool said: Damn straight. I guessed snot. Quote Link to comment Share on other sites More sharing options...
Jorma Posted September 18 Report Share Posted September 18 1 hour ago, DrStool said: Sell signal on Treasuries if the 10 year yield holds above 3.666 Macro Money Blows the Roof Off Higher is the new lower. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 7 minutes ago, Jorma said: Higher is the new lower. To clarify, yield is the inverse of price. So a rise in yield is a sell signal for Treasuries. Quote Link to comment Share on other sites More sharing options...
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