Bloomberg’s headline called Tuesday’s 2-year Treasury note auction “solid.”
Let’s not take their word for it.
That there’s gambling going on in this establishment. 5 day cycle projection 6005.
Primary Dealers are pulling back from Treasury absorption — not by choice, but by constraint. With inventories falling despite relentless coupon issuance, the data confirms what recent auctions have already hinted: dealers are maxed out.
This report…
Or in other words, the enema of your enema, Depends on who’s buyin.
Meanwhile, there’s a 5 day cycle projection of 5960 and a reverse head and shoulder measured move implication of 5990-6000
Cycle Model Sell Signals Indicate Market …
Another Presidential tariff twist triggered a sharp rally in Europe on Memorial Day. So far, it doesn’t change any of the conclusions in this report, which was drafted before the rally. We must become accustomed to moves driven by increasingly frequent…
5 day cycle projection 5750, done. Multiple trendline convergence too.
Primary Dealers are pulling back from Treasury absorption — not by choice, but by constraint. With inventories falling despite relentless coupon issuance, the data confirms what recent auctions have already hinted: dealers are maxed out.
This report…
Zits bin a while, but Houston, we have a downtrend. The market is testing the top of the proximate one as the open approaches, but even a bounce to 5875 wouldn’t affect a broader channel. Needs to be above 5910 by EOD to break this.
Here it is, in all its glory. Hourly cycle indicator buy signals at the trendline after a tiny break.
Gold Climbs Parabola Hill One More TIme 5/21/25
Lee Adler 3 – Gold Trader May 21, 2025
A massive increase in v…
A massive increase in volatility has repeatedly broken historically normal wave bandwidths, signaling abnormal wave amplitudes as the trend goes parabolic. Trend support around 3295-3300 was seen as critical in the short run. It broke, and then whipsaw…