DrStool Posted October 21 Report Posted October 21 We've had these periodic dips. Is this one different? In terms of today, not yet. The ES 24 hour S&P futures are testing spport at 5840-30. If that holds, then nothing has happened yet. If it breaks, then next stop would look like 5825. The initial 5 day cycle projection also points to that zone. For More Upside In the event of a rebound, 5865 looks like resistance today. Over in the bond market, we have another breakout in the 10 year yield. Liquidity Says, The End Is Nigh, Almost And gold is going parabolic as it heads for 2800 and points beyond. Gold a la Mode The EUR/USD is testing support. As Treasury yields rise, that could encourage more doolah buying and your Oh, selling. Bitcoin Bros have met the resistance. If they break through, the measured move target would be around 75k. For More Upside Lee Adler 2 - Technical Trader October 21, 2024 There’s no sign of a top yet in the technical or cyclical data. Cycle projections point to more upside this year. This report shows exactly how much more. Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Cycles – The 6-month cycle has a new projection of xxxx due in xxxxxxx. However, in the short run, the 13-week cycle should be xxxxxxxxxxxxxx. Its high was ideally due xxxxxxx xx. The 13-week cycle projection still points to xxxxxxxxxx. 6-month and 10-12 month cycles should be xxxxx in up phases, which should xxxxx shorter term down phases xxxxx. Cycle Screening Measures – These numbers remained positive, xxxxxx the uptrend, and xxxxxxxxx enough for the xxxxxxxxxxxx. There’s no sign of xxxxxxxxxxxxxxxxxxxxxxx. Third Rail – The market stayed within its uptrend channels last week. To create even the beginning of a short-term reversal would require a daily close below xxxxx. On the other hand, clearing xxxx this week would open the way for a quick move to xxxx. Long-Term Weekly Chart – The market has room to run to xxxx now, and xxxxx at year end. The 3-4 year cycle indicator has edged to the xxxx side, which suggests that the beginning of xxxxxx is at hand. Typically, xx year cycle tops take xxx months to build and break down. That allows for xxxxxxxxx. Monthly Chart – The market is approaching its upper channel bound at xxxx, now, rising to around xxxx in November and xxxx in December. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! For moron the markets see: For More Upside October 21, 2024 Gold a la Mode October 18, 2024 Liquidity Says, The End Is Nigh, Almost October 16, 2024 Swing Trade Screen Picks – Loads of Buy Signals with Good Setups October 15, 2024 Get Your Red Hots Here October 3, 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
DrStool Posted October 21 Author Report Posted October 21 Well aren't we all over the place today! Still within the parameters that I drew this morning though. So, "Nothing has happened yet." Quote
DrStool Posted October 21 Author Report Posted October 21 Liquidity Measures Show Markets Stretched to the Limit Lee Adler 1 - Liquidity Trader- Money Trends October 21, 2024 This week I looked at the issue of bank capital and its relation to bond prices. This is another fly in the ointment that is poised to blow up, especially after Monday’s rout in the bond market. Between this fragility, the extreme extension of stock prices versus bank deposits and money supply, and the possibility of disintermediation pulling deposits out of banks, there’s xxxxxxxxxxxxxxxxx xxxxxxxxx xxxxxxxxxx xxxxxxxxx. Non-subscribers, click here for access. Subscribers, click here to download the report. One other issue is the potential for a sharp reduction in T-bill issuance in November and December. That would xxxxxx xxxxxxxx xxxxxxxxx xxxxxxxxx. Bond buyers, including dealers, would need to either repo their Treasury coupon purchases, liquidate other assets, or take on when-issued short positions against future issuance. Any of those actions could further destabilize the bond market, which xxxxxx xxxxxxxx xxxxxxxx. Non-subscribers, click here for access. On the surface, it appears that there’s still adequate liquidity to support the rally, but this thesis is now stretched to the limit. I’m still reluctant to xxxx xxxxxxxx xxxxxx xxxxxxxxx. I would want to xxxxxxxxx xxxxxxxx xxxxxxxxx long positions, and definitely not xxxxxxxxxx xxxxxxxxx xxxxxxxxxx As for bonds, I’m back to xxxxxx xxxxxx. Non-subscribers, click here for access. Quote
SiP Posted October 21 Report Posted October 21 "The 10-year surges to 4.18%. Nasdaq 100 green, S&P500 flattish, nvidia, +4.1%, Quote
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