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I Can’t Believe It’s Not Bullish 7/9/20

This is a syndicated repost courtesy of Stool Pigeons Wire at To view original, click here. Reposted with permission.

And there’s today’s headline.

Liquidity moves markets!

Follow the money. Find the profits! 

OK. Boys and girls. Let’s hear it. Today’s chart is….


That’s right kids. It’s B-U-L-L-I-S-H!

Whenever there’s doubt, who gets the benefit of the doubt, boys and girls?

That’s right!

DA Bulls!

And what time is it when it’s 9:30 AM in New York?  That’s right kids…

See Comments below for intraday updates. Feel free to add your own.


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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

  5 comments for “I Can’t Believe It’s Not Bullish 7/9/20

  1. July 9, 2020 at 6:17 am

    Provisional 5 day cycle projection 3190 if they get through 3166. 

  2. July 9, 2020 at 8:32 am

    Breakout. 5 day cycle projection 3190.

    es hourly chart

  3. July 9, 2020 at 10:41 am

    I took a walk. Did I miss anything?

  4. July 9, 2020 at 10:43 am

    The double top held. 5 day cycle indicators went to the sell side. And ES fell to trend support at 3138. Should bounce there, or …. oops.

    Should bounce from 3135. Or 3125.

    Or zero.

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