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

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.

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.

1564bz

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.

For moron the markets, see:   

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