| From: humble1 | 5/15/2024 8:47:57 AM | | | | | | Bullish CPI. Rates dropping.
Signs that inflation is easing in other respects – including housing and auto insurance – could be a good omen for markets from here and the Fed’s policy, according to Fundstrat Global Advisors’ Tom Lee.
“It’s going to make it clear to markets that … inflation is now normalizing, the economy is in good shape, and rates are so restrictive the Fed actually needs to cut rates,” the head of research said on CNBC’s “ Closing Bell” on Tuesday. “That’s actually quite good for stocks. If it’s a pause, it’s good for stocks. If it’s a cut, I think it’s even better.” |
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| To: northam who wrote (40002) | 5/15/2024 9:41:38 PM | | From: northam | | | | SPX Cycles Long Range Projection Chart. Today the SPX put in a ATH at 5311.76 and the Weekly, Monthly, Quarterly & Yearly cycles all put in new cycle highs at 5311.76. The Weekly is expected to confirm a W-2 (Overdue) at the close on Friday with a projected high of 5506.18, the high will be due 6/7/2024.
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| To: humble1 who wrote (40003) | 5/16/2024 2:30:30 PM | | From: Clam digger | | | | | Weeelllll it does depend on the “reason for the cuts”….didnt see the actual interview, etc. My sense is that they know if rates go up too much from here they will do serious economic damage. |
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| To: northam who wrote (40004) | 5/16/2024 6:31:44 PM | | From: northam | | | | SPX Cycles Long Range Projection Chart. Today the SPX made a new ATH at 5325.49. Again the Weekly, Monthly, Quarterly & Yearly cycles put in new cycle highs at 5325.49. Tomorrow at the close the Weekly is expected to confirm a W-2 (Overdue) projected high 5506.18, the high will be due 6/7/24.
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| From: humble1 | 5/17/2024 2:28:28 AM | | | | | | Watching The Weekly:
Candlestick beauty. A Bullish Harami at the low followed my a Hammer. And now confirming whites.
Message 34662967
All of this rockets right out of the 4/20-4/21 AstroHit clearly discussed at the time.
Message 34640714
(It did not turn the wars or stop rate anxiety but those were my ideas. Jupiter conjunct Uranus in Taurus The Bull did not need my interpretation to find a reason to be bullish.) |
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| To: humble1 who wrote (40007) | 5/21/2024 8:38:31 AM | | From: Lou Weed | | | | I mean, really......at what point do people just ignore these folks?!? This is exhausting. Has it always been like this or was this level of nattering instituted by the J-Pow team?!?
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| To: humble1 who wrote (40011) | 5/22/2024 8:22:12 AM | | From: northam | | | | The bottom has to fall out soon. The 60 min level is at -15 very Bearish.
60-1 - Extreme Overdue - 5253.61
60-E-1 - Extreme Overdue - 5175.87
60-SC-1 - Overdue - 5107.80
The 60-E-1 & 60-SC-1 are my UPRO buy signals.
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