We don't live in colonial times. Your FF thing for S is annoying. And nobody besides me gets it. Just stop. Sheesh.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
We don't live in colonial times. Your FF thing for S is annoying. And nobody besides me gets it. Just stop. Sheesh.
The debt would never be defaulted on, rather if would be Congreffional appropriations that would be "defaulted" on.
You typed that on purpose. You suck, and I do not like you for a while.
Even if you believe that, even if. Who are the buyers? In typical run, China , Japan and Saudi are the top 3, adding Canada (if they are not buying US real estates). Now all the top 3 buyers are awol. Fed doesn’t have the balls or the balance sheet to buy more newly minted paper as they are in a QT.
Yellen flew to Davos to see China’s He yesterday and made no speech in the official forum, and had a discussion over 3 hours. Asian news outlets were guessing that Yellen wants China to buy new papers as the main topic.
Now back to your point, the congress will raise the debt limit to at least 3.5 trillion, then the hard part of selling the paper is price. If the rate is at 5%, debt service is unbearable.
and i bought 5 figures 44 days t yesterday, sure I can make 4.525% maturing March 9.
Hmm, I ain't too sure about the way how our Congress functions, especially since the day the mobs ransacked the Capitol. It seems most of the politicians are more interested in toeing the party line and fattening their own belly than serving the interest of the nation they're sworn to do. They're more divided and fractious now than ever before. At this rate, I don't think it would take no more than 20 years before there's some serious fallout. And I don't just mean defaulting on national debt but something more sinister, like civil war. That might sound incredulous, but did anyone ever expect a mob attack on our sacred capitol, especially in 21 century with all the technologies we have? Uhm, no.
As for the market this week, I still think 3900 is going to hold up. But that's this week...
Nailed it...
No big scheduled ### until Thursday next week.
In summary, the market broke out of a range on the 6th of January and pulled back for a test of the range high area before propelling higher to the 200-MA, trend line high and a gap fill above around 4030.
This week we saw a pullback from that area back to the range high before shooting higher on a trend day on Friday closing just above mid-range for the last 2 weeks.
IMV, there's a lot of stuff going on around this 4K level. I would be looking both for a breakout higher and a failure to do so in this area. And if we fail to go higher, who's to say we're going to sell-off? Could just as well be settling in a new range here for now.
Statistically, the odds of taking out Friday's Low this Monday (the 23rd) are very, very low. Odds favour consolidation at top of Friday's range or continuation higher. Let's see if that holds up and where to from there...
Trend remains long following the IHS on daily.Nailed it...
No big scheduled ### until Thursday next week.
In summary, the market broke out of a range on the 6th of January and pulled back for a test of the range high area before propelling higher to the 200-MA, trend line high and a gap fill above around 4030.
This week we saw a pullback from that area back to the range high before shooting higher on a trend day on Friday closing just above mid-range for the last 2 weeks.
IMV, there's a lot of stuff going on around this 4K level. I would be looking both for a breakout higher and a failure to do so in this area. And if we fail to go higher, who's to say we're going to sell-off? Could just as well be settling in a new range here for now.
Statistically, the odds of taking out Friday's Low this Monday (the 23rd) are very, very low. Odds favour consolidation at top of Friday's range or continuation higher. Let's see if that holds up and where to from there...
View attachment 304389
Yes. We should see a push towards ~ 4000-4030 next. Just not convinced yet we'll get legs above that level. Let's just see when we get there...
We have a free pass up to 4100 IMO. After that, there's a minor resistance at 4200. Then ultimately 4400.Yes. We should see a push towards ~ 4000-4030 next. Just not convinced yet we'll get legs above that level. Let's just see when we get there...