Jump to content

Second Wind Breakout 10/14/24

Rate this topic


Recommended Posts

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

16tcqu

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

image.png

16tdja

I've been questioning the sustainability of gold's uptrend. Here's how it looks today.  Gold Says, Not So Fast!

16tdk5

Meanwhile, BTC bros gotta be happy about the looks of this. 

16tdl6

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? 

16tdmh

For moron the markets see:

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

  • Replies 11
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

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

Screenshot_20241014-165321.png

 

Link to comment
Share on other sites

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. 

 

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...