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I Warned You This Was Coming 1/19/24

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

This is the T-bill issuance schedule just ahead. After a couple months of quietude, this:

01/25/2024 Bills $268,000 $236,977 $31,023
01/23/2024 Bills $228,000 $210,001 $17,999

Weekly Bank Data and Fed Balance Sheet Say the End is Nigh

And that’s not all.

01/31/2024 Coupons $221,000 $179,256 $41,744

And now for our daily look at what to expect for today. First, with $90 billion in new supply coming over the next 12 days, there’s this. Next stop on the 10 year 4.28-.30. Stay ahead of the news! Weekly Bank Data and Fed Balance Sheet Say the End is Nigh

132bpy

And for our usual look at the hourly ES, 24 hour S&P futures, last night I reported that the 5 day cycle projection was 4800. Now it is 4820. We have a breakout in progress from a base with a conventional measured move implication of at least 4850, and maybe 4880.

This assumes that the premarket rally now underway doesn’t suffer a cataclysmic reversal in early NY trading. To negate, the ES would need to drop below 4787 today. I wouldn’t rule it out because hourly cycle oscillators have reached the level of the last market peak. Stock Market Is Having Irving Fisher Moment

132cbo

For moron the markets, see:

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