DrStool Posted September 24 Report Share Posted September 24 On 9/20/2024 at 2:46 PM, DrStool said: As for the hourly chart of the ES, 24 hour S&P futures, it looks as though we're due for a 5 day cycle down phase that lasts into Monday or Tuesday. But the base pattern from which this breakout came could power this move much, much higher. Stock Market Has Perfect Lineup for Fall Classic Tuesday being today, that would make this setup a launchpad after a 5 day cycle flat down phase. Meanwhile, how much farther will this run? Gold Sings Higher and Higher And how's that Fed "rate cut" working for you? Macro Money Blows the Roof Off For moron the markets see: Stars Are Aligned September 23, 2024 Gold Sings Higher and Higher September 19, 2024 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 Primary Dealer Clown Show Danger Pales in Comparison to Hedgie Daredevils September 11, 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...
Jimbo Posted September 24 Report Share Posted September 24 THE FISCAL RESPONSIBILITY RUG PULL Without US Government expenditure restraint the FED's QT lacks long term "credibility". Thats why the 30 year mortgage is above 6%. The 30 year MBS is a strait gamble on US Government fiscal responsibility. While gold is a strait gamble on US government fiscal irresponsibility. A lot of players have placed their money on continued fiscal irresponsibility. Choose wisely!!! Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 24 Author Report Share Posted September 24 Swing Trade Screen Picks – Let ’em Ride Lee Adler 2 - Technical Trader September 24, 2024 As of September 23 closing prices, the list had an average gain of + 7.4% on an average holding period of 22 calendar days. That was up from an average gain of + 7.3% on an average holding period of 25 calendar days the week before. Non-subscribers click here for access. Technical Trader subscribers click here to download the complete report. Current screens yielded 389 short-term buys and 359 short-term sells. After applying long term trend structure and intermediate term filters, there were 68 buys and 39 sells. Given the bullishness of the broad market analysis I did not want to add shorts, and I felt that there were enough buys already on the list. So I skipped the visual review this week and will let the 14 existing open picks ride. Non-subscribers click here for access. To view list and charts of open picks, Non-subscribers click here for access. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! Quote Link to comment Share on other sites More sharing options...
Jorma Posted September 24 Report Share Posted September 24 I know, it's just news. https://www.reuters.com/world/china/china-unveils-broad-stimulus-measures-revive-economy-2024-09-24/ Obviously the world needs more money. Quote Link to comment Share on other sites More sharing options...
SiP Posted September 24 Report Share Posted September 24 Jorma, In a balance-sheet recession and trade war, which reduce demand, pumping up credit won't do anything. Chinese economy, same as German economy, needs recalibration. Quote Link to comment Share on other sites More sharing options...
SiP Posted September 24 Report Share Posted September 24 Utilities, Real estate are rising the most - - its early recession signal https://stockcharts.com/freecharts/perf.php?[SECT] Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 24 Author Report Share Posted September 24 Thrills, chills and excitement. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 24 Author Report Share Posted September 24 Quarter end window dressing RRP build up to $388 billion. That should be bank fraud. Macro Money Blows the Roof Off Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 24 Author Report Share Posted September 24 T-bill paydowns have ended. Whether they created a tailwind or not is arguable, since T-bill issuance is akin to money issuance. Macro Money Blows the Roof Off 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) 10/01/2024 Bills $237,000 $229,981 $7,019 Quote Link to comment Share on other sites More sharing options...
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