Trump This Market 11/7/24

[DrStool]

Yesterday's launch left us with a 5 day cycle projection of 5865, and a conventional measured move target of 6025 on the hourly ES 24 hour S&P futures. There are a couple of uptrend lines at 5945-50 that need to be cleared. Above that the coast is clear to 5980-85. There are many spport lines, starting at 5930 every 5-10 points to 5900. Major Inflection Point

Question is whether the Fed cuts its target rate into a raging breakout. Second question is which way the knee jerk. Third question. which way the real move, starting Friday. We're a day late on the Fed circus because of the derelection. Swing Trade Screen Picks

The bond market choked on its vomit yesterday, which shows up on the 10 year Treasury yield chart as another spike through the upper channel line.  With all the leveraged trades in this market, this will not end well. Primary Dealer Crisis Now, Crisis Later

Instamoney in the form of T-bill collateral keeps on coming, and coupon supply settling at mid month is non existent. Should be wildly bullish for Treasuries. But it snot. Liquidity Measures Show Markets Stretched to the Limit

The Fed's Strategic QE Reserve Slush Fund Rebounded slightly yesterday, but today's T-bill issuance will suck some of that back out and more will come out next week. This is headed for Zero Day Exploit. Then we'll see. Primary Dealer Crisis Now, Crisis Later

Gold got smoked. I have been warning of this being on the way for weeks. The derelection was just the fuse being lit. Old Gold Uptrend Could Get Smoked November 4, 2024

The election results triggered a break of the bottom in the euro. It should recover as the cycle was well on its way into a turn, but the time matters. If there's no rebound within the next 3-4 days, it could be a crash setup. 

The broad consensus is that Trump will be very bullish for crypto. BTC finally broke out of that massive high base yesterday. The conventional measured move target of 90k.

For moron the markets see:

• Don’t Be Misled By October Tax Collections Collapse November 5, 2024
• Swing Trade Screen Picks – Treading Water November 5, 2024
• Major Inflection Point November 4, 2024
• Old Gold Uptrend Could Get Smoked November 4, 2024
• Primary Dealer Crisis Now, Crisis Later October 31, 2024
• Liquidity Measures Show Markets Stretched to the Limit October 21, 2024

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[Jorma]

The revolution was televised and nobody mentioned it.  These chumps sitting on top of mountains of assets actually think they are sitting pretty.  Poor innocent little lambs.

[DrStool]

This is a test of the emergency broadcast system.

[specie]

to announce the top?

[DrStool]

When was the last time there was absolutely zero reaction to a Fed FOMC meeting?

[DrStool]

10 minutes ago, specie said:

to announce the top?

Nah. Just running some tests on my new compuker.

[DrStool]

Love the voice texting.

[potatohead]

53 minutes ago, DrStool said:

Love the voice texting.

I am not sure if AI or your computer is ready for your style of word phrases. Spell check gone wild

[DrStool]

Yeah well nobody understands me.  I'm used to that!

[Jorma]

Wow. Finally an interesting question at a post Fed meeting press conference.

"Some of the president elects advisors have suggest you should resign. If he asks you to leave would you go"

"No"

 

 

[SiP]

Trump rally ongoing.

[DrStool]

Tyranny is bullish. 

https://www.politico.com/news/2024/11/06/trump-retribution-enemy-list-00187725?nname=politico-toplines&nid=0000018f-3124-de07-a98f-3be4d1400000&nrid=448cb953-7305-4db4-a5c8-e8f09e884e6d&nlid=2758340