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.
S&P Futures Targets and Levels
The uptrend in the ES, 24 hour S&P futures remains intact. Prices crawled along the lower trendline overnight. That trendline rises from 5980 at 7 AM ET to 5995 at the NY close. The trend will remain intact, and the rise could accelerate, if it remains above that line. Weekly Stock Trading Signals: 7 Buys and 9 Sells
The 5 day cycle projection is currently 6030. If reached that would break the early November peak, which would imply significantly higher prices ahead.
If the market breaks that line, it won’t fall too far before hitting support. The first significant support area is in the vicinity of 5960. Even breaking that would only have very short term significance. There are multiple uptrending channel lines below that down to 5920. Market Cycle Outlook: December Predictions Levels and Timing
Euro/ USD Targets and Levels
On the FX side, if the EUR/USD clears 105.50, it would indicate an end to the crash. If it fails to do that, then another downleg would still be possible. Short-Term Gold Miner Buys for Gold Bull Market
Gold (GC) Targets and Levels
Gold had a hard selloff yesterday but stayed in its uptrend channel. It looks like a head and shoulders pattern developing, but the right shoulder is higher than the left. Such configurations rarely break down and often prove to be bullish omens. I’d worry if it broke 2565. Short-Term Gold Miner Buys for Gold Bull Market
Bitcoin Outlook Targets and Levels
In Crypto, Bitcoin has sold off but is above trend support at 90,000. Intermediate cycle projections have pulled back but still point to around 102,000. Ponzi Much? Understanding Treasury Debt and Market Fragility
Treasuries Prices and Yields Outlook Targets and Levels
Treasuries prices rallied sharply yesterday and the 10 year yield fell to a key support line at 4.25. It could drop to 4.15 and still be in an uptrend. Primary Dealer Crisis Now, Crisis Later
Treasury Supply Schedule
Enormous bill and coupon supply lie dead ahead. The coupons are a depressant, but bills are insta-money if buyers want it to be. My guess is that $206 billion in net new supply over the next week will leave a mark. Ponzi Much? Understanding Treasury Debt and Market Fragility
Source: US Treasury
For moron the markets see:
- Weekly Stock Trading Signals: 7 Buys and 9 Sells November 24, 2024
- Market Cycle Outlook: December Predictions Levels and Timing November 24, 2024
- Ponzi Much? Understanding Treasury Debt and Market Fragility November 20, 2024
- Short-Term Gold Miner Buys for Gold Bull Market November 19, 2024
- Don’t Be Misled By October Tax Collections Collapse November 5, 2024
- Primary Dealer Crisis Now, Crisis Later October 31, 2024
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