DrStool Posted January 29 Report Posted January 29 Buy the dip is back. Monday's selloff was a counter-technical, countertrend shakeout that allowed the dealers to load up on inventory at bargain basement prices. And now it's back to the normal program. Fakeout Shakeout, Volatility is Back 1/27/25 Is it frustrating? Sure, but this too shall pass. The question is when. Meanwhile we take what the market gives. Weekly Chart Picks: Your Edge in Swing Trading Meanwhile, this morning we have a 5 day cycle projection of 6200. First they have to rise through the gap which is apparently presenting some resistance in the range of 6075-90. Then there's big trend resistance around 6100. Finally, there's the recent high of 6125-30. All of those are potential stopping points, but as for likelihood, call me doubtful. For spport, watch the trendline rising from 6060 at the NY open to 6075 at the close. There's another short term spport line above that rising from 6070 at 7 AM to 6083 at the NY close. If that line holds, it would be a launchpad setup. Let the games begin. Moron the markets: Fakeout Shakeout, Volatility is Back 1/27/25 Weekly Chart Picks: Your Edge in Swing Trading 1/27/25 Golds Gains Are a Setup for More 1/27/25 January 26, 2025 Liquidity Trends Update: Sentiment Shifts and Market Dynamics – January 2025 January 25, 2025 Navigate 2025 Market Risks with Liquidity Trader’s Expert Insights January 24, 2025 Liquidity Inflection Points: Navigating Macro Risks and Repo Trends – January 2025 January 24, 2025 Primary Dealer Stress: Big Risks Delayed, Not Denied, in the Treasury and Equity Markets January 15, 2025 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 Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder.
Jorma Posted January 29 Report Posted January 29 Despite the fact that the basic governance in the United States being quickly destroyed, the 10 year Treasury is flirting with decisive fall down away from 5%. Go figure.
DrStool Posted January 29 Author Report Posted January 29 18 minutes ago, Jorma said: Despite the fact that the basic governance in the United States being quickly destroyed, the 10 year Treasury is flirting with decisive fall down away from 5%. Go figure. Yep. We forecast this begining in December. Debt ceiling limits supply. Result is a bond rally. Explained herein. https://liquiditytrader.com/index.php/2025/01/24/navigate-2025-market-risks-with-liquidity-traders-expert-insights/
DrStool Posted January 29 Author Report Posted January 29 I'm curious how the proliferation of cheaper AI systems changes the equation for the chip manufacturers. I can see how the AI field itself becomes more and more competitive as the supply of AI seems relatively unlimited, but doesn't it still require massive amounts of chips. Obviously these things are overpriced, but does this translate into a bear market for chipmakers. My favorite chips were always Toll House.
DrStool Posted January 29 Author Report Posted January 29 There goes trendline number one. Number 2 is at 6037. Will the market take a Number 2. Or hold.
DrStool Posted January 29 Author Report Posted January 29 And back to the line. No break. The market has held Number One for now.
SiP Posted January 29 Report Posted January 29 Im curious when market discover UXL Foundation which wants to support cheaper chips coming from arm, intel and others. Nvidia days are numbered
DrStool Posted January 29 Author Report Posted January 29 I have been running the RRP against stocks for years. Over the past 2 + years, the correlation has been almost perfect. I can't see a rationale for a 25 day offset. It appears to be a case of curve fitting after the fact. But the correlation is striking. Question is why 25 days? The real time matchup works too. And there's a basis for it. It doesn't take traders, dealers, and investors 25 days to react. This is overnight money funded out of T-bill paydowns, or withdrawn to buy new issuance. The problem arises now that the RRP slush fund is near zero. https://liquiditytrader.com/index.php/2025/01/25/liquidity-trends-update-sentiment-shifts-and-market-dynamics-january-2025/
SiP Posted January 29 Report Posted January 29 Gold stockpiling in New York leads to London shortage Wait to withdraw bullion from BoE rises sharply as fears of Trump tariffs drive shipments to UU A surge in gold shipments to the US has led to a shortage of bullion in London, as traders amass an $82bn stockpile in New York over fears of Trump administration tariffs. The wait to withdraw bullion stored in the Bank of England’s vaults has risen from a few days to between four and eight weeks, according to people familiar with the process, as the central bank struggles to keep up with demand. “People can’t get the hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” said one industry executive. “Liquidity in the London market has been diminished.
DrStool Posted January 29 Author Report Posted January 29 This morning's screens found 106 ideal long term buy setups on a 2 week to 1 month lookback period. There were 76 long term sell setups. Intermediate term buys were 349, and sells were 246 on a one week lookback. 34 short term buys triggered yesterday from among the long term and intermediate buy setups. 9 sells triggered from the intermediate and long term sells.
DrStool Posted January 29 Author Report Posted January 29 Every time a spport line breaks, the stops get hit, and then the big dippers lay it on. here's still an unmet 5 day cycle projection of 6150-60.
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