Member
Posted 23 April 2022 - 09:00 PM
The good news is:
- New highs have been slowly increasing.
The Negatives
In addition to the ongoing bear market, Seasonality for the coming week is awful.
We are approaching what is the weakest part of the weakest year of the Presidential Cycle.
Edited by Rogerdodger, 23 April 2022 - 09:02 PM.
Member
Posted 23 April 2022 - 09:47 PM
Been watchin' this chart: https://schrts.co/BbSAEsgX
Maybe a big selloff producing a big reverse tail but with lower and lower monthly tops?
4 months of lower tops so far.
QE got us addicted. Withdrawal is a be-otch
Edited by Rogerdodger, 23 April 2022 - 09:50 PM.
Member
Posted 24 April 2022 - 02:42 AM
Rodgerdodger, what "withdrawal"? These junkies are still shooting up. See the screen shot of a plot of the FED balance sheet below taken today from the FED's own web site, Federal Reserve Board - Recent balance sheet trends. They are still purchasing debt with both hands while talking tough. These guys are all bark and no bite. I believe they are buying the short end of the curve and selling the long end trying to prevent inversion which would indicate an impending recession. If so, they are literally trying to fix the symptoms to prevent folks from detecting a disease.
We need a 4th estate Toto in the FED presser on the 4th to literally pull back the curtain on these Wizards of Oz if they fumble the ball again. These journalists need to remember that it's freedom of the press not freedumb of the press, and it's supposed to be a grilling not a FED worship session.
Regards,
Douglas
Member
Posted 24 April 2022 - 10:43 AM
The 200 has yet to decidedly turn downward, so the bull could regain his footing, in which case there is potential for the area beneath the top trendline to see some balance by area above that line.
The thing is, where in the world do we feel most comfortable investing our capital? Europe? China? Russia? The relatively stable USA? And where do our trading partners feel most comfortable investing their capital? Tina more than ever before?
- the fade
Member
Posted 25 April 2022 - 08:30 AM
well...
Powell is about to ‘overtighten’, cause ‘panic in U.S. equities’
The attraction of higher yields is driving the dollar and the correlation is having a negative impact on gold.
Edited by Rogerdodger, 25 April 2022 - 08:50 AM.
