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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (59548)	5/11/2022 8:38:05 AM
From: Sun Tzu	5 Recommendations Recommended By ajtj99 Lee Lichterman III roto Sokka toccodolce Read Replies (1) \| Respond to of 97558

Anyone who had bothered to read the inflation data out of China last night would have been short the futures this morning. Put your insomnia to good use ;)

To: Lee Lichterman III who wrote (59548)	5/11/2022 11:16:19 AM
From: Real Man	1 Recommendation Recommended By Lee Lichterman III Read Replies (1) \| Respond to of 97558

The numbers were worse than expected but Spx is green. Go figure.

To: Lee Lichterman III who wrote (59548)	5/11/2022 2:11:59 PM
From: Lee Lichterman III	3 Recommendations Recommended By ajtj99 Lou Weed LoveAG Read Replies (2) \| Respond to of 97558

All these little bounces that don't hold are just relieving the oversold pressure and allowing us to continue to bleed down. I have multiple indicators showing we could bounce at any time but my buy signals can't fire because we keep letting steam off. This morning looked promising. RSP, R2K and MDY were doing better than the SPX showing depth while AAPL, MSFT, AMZN, GOOGL weren't participating. Apparently without leadership, we were doomed. EMA scans are solidly in bounce zone, trend lines and channels are in bounce zones. I just don't have buy signals. Rejection of TNX from the multi year resistance line adds to the confusion. The drop from there was expected however now we have to wonder if bond strength is flight to safety. Probably both but how much for which percentage? Logging off to get some work done. As abominable said, "Gosh it's hot"