DrStool Posted October 14 Report Share Posted October 14 Concurrent 3 and 5 day cycle highs are due this morning, but this move on the ES, 24 hour S&P futures looks like it's getting a second wind. There's a 2-3 day cycle projection of 5830, but using a 4 day duration suggests 5860. And the conventional measured move target of the high base breakout is 5855-60. Hourly cycle oscillators just triggered buy signals from very high levels, which suggests strong trend acceleration here. Round Number Syndrome Despite light coupon supply at the mid month auction, we continue to see upward pressure on yields. At the same time, bill supply has been heavy and will continue to be. T-bills are instantly convertible into money, of course. But so are coupons. They've been subject to a massive carry trade where hedge funds have bought the bonds and notes and shorted Treasury futures. Apparently, there's been a disorderly unwinding which looks set to resume. We’re Now Week to Week for this Bull I've been questioning the sustainability of gold's uptrend. Here's how it looks today. Gold Says, Not So Fast! Meanwhile, BTC bros gotta be happy about the looks of this. Over the past couple of years, I've built enough of a stash of euros to subsist for 18 months. Time to buy more, or roll back into USDs? For moron the markets see: Round Number Syndrome October 13, 2024 Gold Says, Not So Fast! October 10, 2024 We’re Now Week to Week for this Bull October 9, 2024 Swing Trade Screen Picks – Lots of Sell Signals Again October 8, 2024 Get Your Red Hots Here October 3, 2024 Market Can’t Live By Repo Alone September 25, 2024 Macro Money Blows the Roof Off September 17, 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...
SiP Posted October 14 Report Share Posted October 14 earnings this week - ASML, TSMC, Netflix and many more like JB Hunt Quote Link to comment Share on other sites More sharing options...
SiP Posted October 14 Report Share Posted October 14 earnings next week (bigtech) Quote Link to comment Share on other sites More sharing options...
DrStool Posted October 14 Author Report Share Posted October 14 5 hours ago, DrStool said: 24 hour S&P futures looks like it's getting a second wind. There's a 2-3 day cycle projection of 5830, but using a 4 day duration suggests 5860. And the conventional measured move target of the high base breakout is 5855-60 Round Number Syndrome Quote Link to comment Share on other sites More sharing options...
SiP Posted October 14 Report Share Posted October 14 Would love to see this bull run till Q1 2026 and finish at 6.666. Quote Link to comment Share on other sites More sharing options...
DrStool Posted October 14 Author Report Share Posted October 14 5 day cycle projection now 5870. Quote Link to comment Share on other sites More sharing options...
DrStool Posted October 14 Author Report Share Posted October 14 Stunning. Quote Link to comment Share on other sites More sharing options...
SiP Posted October 14 Report Share Posted October 14 explosive growth Quote Link to comment Share on other sites More sharing options...
SiP Posted October 14 Report Share Posted October 14 trump is positive for stocks. odds are rising that he will win. this mean like 8000 on spx at the end of his tenure, Quote Link to comment Share on other sites More sharing options...
DrStool Posted October 14 Author Report Share Posted October 14 Trump is positive for stocks. Biden was positive for stocks. Harris is positive for stocks. Every presidency is positive for stocks. Who gets elected is irrelevant. Which presidency hasn't been positive for stocks? There has never been a bear market that lasted more than 3 years. The last presidency associated with a bear market almost throughout was Herbert Hoover. Nixon to some extent. You want to live under a Putinist, Orbanist, Trumpist hegemony? Well get ready. Say goodbye to freedom of speech, freedom of the press, freedom of assembly. You're not old enough to remember the repression your parents lived under. Well, aren't you lucky! Now you may just get the chance. Be careful what you wish for. Quote Link to comment Share on other sites More sharing options...
potatohead Posted October 14 Report Share Posted October 14 1 hour ago, DrStool said: Which presidency hasn't been positive for stocks? There has never been a bear market that lasted more than 3 years. George Bush 2001-2009 Quote Link to comment Share on other sites More sharing options...
DrStool Posted October 14 Author Report Share Posted October 14 2000-2003 bear market. 2003-07 bull market. Quote Link to comment Share on other sites More sharing options...
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