Knock Knock Knockin on Heaven’s Door 6/12/24

The market relentlessly pounds away at etching new highs in the stone overhead. Meanwhile the FOMCircus has come to town. We await ringmaster’s Jay’s Wall Street media freak show main event at 2:30 PM. What a bunch of clowns and ass kissing turds. It’s just so tiresome.

But trade it we do, and trade it we must. We are addicts.

If they punch the ES through this little resistance zone 5385-90, which also happens to be the 2-3 day cycle projection, then we’re looking at a 5 day cycle projection of 5425.

Drums keep pounding rhythm to the brain.

Today is Iternational Felafel Day. For me, it was yesterday. I didn’t get enough sleep the night before my day of travel and I felafel because of that. But today I feel better.

Money money money money. US Department of the Treasury Temporary QE.

Net Cash Pay Down in Millions of Dollars, by Date

Date	Security Type	Total Offering	Total Publicly Held Maturing	Net New Cash or (Pay Down)
06/18/2024	Bills	$200,000	$214,948	$(14,948)

 

But meanwhile, in the screens from yesterday’s closing prices I had 129 stocks in good sell structures and just 25 buys. 2 of the buys triggered, and 23 of the sells. That’s a huge number of triggered signals. Doesn’t mean they’re right. But I better adjust my port, and fast.

• Swing Trade Screen Picks – Had the Plot, But Not the Right Actors June 10, 2024
• The Top Must Wait June 9, 2024

For moron the markets, see: