DrStool Posted November 26 Report Posted November 26 The uptrend in the ES, 24 hour S&P futures remains intact. Prices crawled along the lower trendline overnight. That trendline rises from 5980 at 7 AM ET to 5995 at the NY close. The trend will remain intact, and the rise could accelerate, if it remains above that line. Weekly Stock Trading Signals: 7 Buys and 9 Sells The 5 day cycle projection is currently 6030. If reached that would break the early November peak, which would imply significantly higher prices ahead. If the market breaks that line, it won't fall too far before hitting support. The first significant support area is in the vicinity of 5960. Even breaking that would only have very short term significance. There are multiple uptrending channel lines below that down to 5920. Market Cycle Outlook: December Predictions Levels and Timing On the FX side, if the EUR/USD clears 105.50, it would indicate an end to the crash. If it fails to do that, then another downleg would still be possible. Short-Term Gold Miner Buys for Gold Bull Market Gold had a hard selloff yesterday but stayed in its uptrend channel. It looks like a head and shoulders pattern developing, but the right shoulder is higher than the left. Such configurations rarely break down and often prove to be bullish omens. I'd worry if it broke 2565. Short-Term Gold Miner Buys for Gold Bull Market In Crypto, Bitcoin has sold off but is above trend support at 90,000. Intermediate cycle projections have pulled back but still point to around 102,000. Ponzi Much? Understanding Treasury Debt and Market Fragility Treasuries prices rallied sharply yesterday and the 10 year yield fell to a key support line at 4.25. It could drop to 4.15 and still be in an uptrend. Primary Dealer Crisis Now, Crisis Later Enormous bill and coupon supply lie dead ahead. The coupons are a depressant, but bills are insta-money if buyers want it to be. My guess is that $206 billion in net new supply over the next week will leave a mark. Ponzi Much? Understanding Treasury Debt and Market Fragility Source: US Treasury For moron the markets see: Weekly Stock Trading Signals: 7 Buys and 9 Sells November 24, 2024 Market Cycle Outlook: December Predictions Levels and Timing November 24, 2024 Ponzi Much? Understanding Treasury Debt and Market Fragility November 20, 2024 Short-Term Gold Miner Buys for Gold Bull Market November 19, 2024 Don’t Be Misled By October Tax Collections Collapse November 5, 2024 Primary Dealer Crisis Now, Crisis Later October 31, 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.
Jorma Posted November 26 Report Posted November 26 Back in the day they commonly ran up the coupon rate pre auction so the dealers might have an easier time making some dime on their inventory.
DrStool Posted November 26 Author Report Posted November 26 56 minutes ago, Jorma said: Back in the day they commonly ran up the coupon rate pre auction so the dealers might have an easier time making some dime on their inventory. Prior to 2009, dealers were always massively short.
DrStool Posted November 26 Author Report Posted November 26 Fed's deferred QE Strategic Cash Reserve RRP Slush Fund almost gone. Soon, the real fun begins. Ponzi Much? Understanding Treasury Debt and Market Fragility
potatohead Posted November 26 Report Posted November 26 36 minutes ago, DrStool said: Fed's deferred QE Strategic Cash Reserve RRP Slush Fund almost gone. Soon, the real fun begins. Ponzi Much? Understanding Treasury Debt and Market Fragility
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