Replies to post #29879 on Cycle Trading

[No-Quarter]

UVIX - Got a full candle stick printed above the 9ma (1 hr chart).

I bought a starter position just now. GLTY

https://stockcharts.com/h-sc/ui?s=UVIX&p=60&yr=0&mn=1&dy=1&id=p45109588286

[No-Quarter]

As I understand it tonight, the 5yr T-bill auction at 1:00 today did not go well. Had to increase yield to sell them all. The market generally moves down as T-bill yields go up. This started soon after 1:00 today

US stocks finished mixed as momentum from the PBoC's RRR cut was derailed by a rise in yields following strong PMI data which knocked the S&P 500 and Nasdaq 100 off their fresh record levels seen earlier in the session. Furthermore, Microsoft shares marginally eased back from highs after briefly joining the USD 3tln market cap club, while a dismal 5yr auction also facilitated the mild upside in yields.

https://www.zerohedge.com/markets/us-stocks-finished-mixed-and-pulled-back-fresh-record-highs-yields-climbed-newsquawk-asia


A 7yr T-bill auction is scheduled for tomorrow also at 1:00. Could be a Bill Murray 'Ground Hog Day' tomorrow. GLTY

https://tradingeconomics.com/calendar