|
|
Created on: 7/22/2023 11:17:24 PM Last Update: 7/22/2023 11:44:46 PM Posted by: RTT WARNING: This entry is 664 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
US tax receipts hurting the dollar
|
US tax receipts must continue to grow to fuel the confidence of the US debt markets.
Previous Post: Gold and Oil fundamentals are married together
In chart 1, the red dots marked A to F show the periods where US Federal Tax receipts showed negative growth year over year (YOY). US tax receipts have slowed due to the inflation fighting measures applied by world governments. US inflation has fallen from 9% to 3%. Job done! Now some tight monetary controls can be withdrawn, a lower dollar for one. Each red dot is also timed with a slump (in different degrees) in the US Dollar index (DXY).
POINT: A fall in the US dollar is one of the methods used to inject more US dollar liquidity, or easier money, this tends to be inflationary. A rise in the US dollar removes dollar liquidity, or tighter money, this tends to be deflationary. When the US dollar falls, it allows for higher prices for gold and oil. Depending on oil fundamentals at the time, both oil and gold can rise dramatically higher. Tax receipt slumps A, C, D, E, and F enjoyed handsome games on recovery.
Currently YOY% change of US Tax Receipts are negative, this should be followed by a lower US dollar and higher gold and oil prices over the next 6 to 12 months. By how much, we shall see.
Chart 1 - US dollar, US tax receipts, gold and oil.
Click for popup. Clear your browser cache if image is not showing. 
Chart 2 - US Dollar Cycle: Plenty of room to move down for the DXY.
Click for popup. Clear your browser cache if image is not showing. 
Chart 3 - US Dow Jones Cycle: As a falling US dollar is easy money liquidity injection, will it be enough for stocks to move higher in line with 900 day period cycle. Why not!
Click for popup. Clear your browser cache if image is not showing. 

NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
Support this work by buying us a hot drink by CLICKING HERE. If you would like make greater contribution, please make a donation by CLICKING HERE
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..."By knowing the exact vibration of each individual stock I am able to determine at what point each will receive support and what point the greatest resistance is to be met"...
William D Gann
.."If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"..
John (Jack) Bogle
.."I was educated once - it took me years to get over it"..
Mark Twain
..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..
Warren Buffet
.."So you think money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men are able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value(...) Money is made possible only by the men who produce. Is this what you consider evil?"..
Ayn Rand
|
|
|
We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
|
|
 | Pages |
| | 1. Blog Performance Review |
| | 2. List of the best blog posts |
 | MostRecent |
|  | USA economy to pick up second half of 2025 |
|  | Semi Conductors ready to bounce. |
|  | Mining stocks higher into 2026 Mid terms |
|  | Gold warning signal just fired |
|  | Dow Jones Long Cycle Review |
 | Ney(1) |
 |  | US Dollar with Ney and Gann Angles |
 | Crypto Currency(31) |
 | Central Banks(18) |
 | Crisis Watch(9) |
 | Wyckoff(4) |
 | Cycles(5) |
 | Gann(13) |
 | Chart Review(17) |
 | Browsing(120) |
 | RTT TV(15) |
 | Sector Watch(30) |
 | RTT Tools(43) |
 | Wyckoff 2.0(42) |
 | Mystery Trader(6) |
 |  | Elliot Wave within Wyckoff Logic |
 | Market Strategy(73) |
 | Cycle Review(76) |
 | Swing Trade Idea(49) |
 | Market Calls(26) |
 | Investors(105) |
 |  | Hidden Pivot Point and Wyckoff logic |
 | News(7) |
 | Bonds(20) |
 | Metals and Forex(165) |
 | Gann Wyckoff Hurst(119) |
 |  | Newmont Mining Gann Angles |
 | Wall Street(25) |
 | Ticker Review(35) |
 | Uncategorized(2) |
 |  | Bitcoin Chart Review |
 | Market Review(96) |
 | Jokes(28) |
 | Economic(100) |
|  | USA economy to pick up second half of 2025 |
|  | China M1 is key to watch. |
|  | US Debt to GDP issue, what is next? |
|  | The uninformed are crushed by money supply growth |
|  | US Election Year Cash Bazooka |
|  | 2024 soft landing working it |
|  | US GDP recovery |
|  | US tax receipts hurting the dollar |
|  | Stagflation now, as deflation risks grow |
|  | Love of property investment will die |
|  | Money supply crash will force a sharp FED reaction |
|  | Powell has a debt problem |
|  | Powell doing a Volker to crush inflation, yeah right! |
|  | Bubble Watch - Maybe it only just started, Dow 50000 - Update 1 (RTT Plus) |
|  | Bubble Watch - Maybe it only just started, Dow 50000 (RTT Plus) |
|  | US is bound by these economic rules (RTT Plus) |
|  | Dow Jones Utility index could trade like the FANGs |
|  | Funds are getting ready to move out of USA |
|  | US Economic Review 2019Q4 |
|  | Bond Market, Houston we have a problem! |
 | 202505(1) |
 |  | USA economy to pick up second half of 2025 |
 | 202504(1) |
 |  | Semi Conductors ready to bounce. |
 | 202503(1) |
 |  | Mining stocks higher into 2026 Mid terms |
 | 202501(2) |
 | 202412(1) |
 |  | Bitcoin passes $100,000 |
 | 202411(1) |
 |  | Post TRUMP win, our top pick |
 | 202410(1) |
 |  | China M1 is key to watch. |
 | 202409(1) |
 |  | US Debt to GDP issue, what is next? |
 | 202408(1) |
 |  | Market Money Sugar |
 | 202407(1) |
 |  | The uninformed are crushed by money supply growth |
 | 202406(1) |
 |  | US Election Year Cash Bazooka |
 | 202405(1) |
 |  | Bitcoin 2025 price targets |
 | 202404(1) |
 |  | Fed panic signal to watch for |
 | 202403(1) |
 |  | Gold stocks ready to move |
 | 202402(1) |
 |  | Long term bond games will send investors into gold |
 | 202401(2) |
 | 202312(1) |
 |  | Stock market cycle look into 2024 |
 | 202311(1) |
 |  | Ethereum runs hot on new market liquidity |
 | 202310(2) |
 | 202309(3) |
 | 202308(3) |
 | 202307(2) |
 | 202306(3) |
 | 202305(3) |
 | 202304(4) |
 | 202303(2) |
 | 202302(4) |
 | 202301(3) |
 | 202212(4) |
 | 202211(3) |
 | 202210(5) |
 | 202209(3) |
 | 202208(4) |
 | 202207(4) |
 | 202206(3) |
 | 202205(5) |
 | 202204(3) |
 | 202203(3) |
 | 202202(2) |
 | 202201(4) |
 | 202112(5) |
 | 202111(4) |
 | 202110(3) |
 | 202109(5) |
 | 202108(5) |
 | 202107(8) |
 | 202106(9) |
 | 202105(7) |
 | 202104(4) |
 | 202103(7) |
 | 202102(6) |
 | 202101(8) |
 | 202012(3) |
 | 202011(5) |
 | 202010(3) |
 | 202009(4) |
 | 202008(4) |
 | 202007(4) |
 | 202006(3) |
 | 202005(5) |
 | 202004(4) |
 | 202003(10) |
 | 202002(5) |
 | 202001(5) |
 | 201912(5) |
 | 201911(5) |
 | 201910(7) |
 | 201909(5) |
 | 201908(4) |
 | 201907(5) |
 | 201906(5) |
 | 201905(7) |
 | 201904(5) |
 | 201903(8) |
 | 201902(5) |
 | 201901(6) |
 | 201812(4) |
 | 201811(5) |
 | 201810(7) |
|  | RTT browsing latest.. |
|  | Kitchin Cycle warned of market volatility |
|  | History Rhymes with the Dow |
|  | No Bids In This Market |
|  | SP500 sell off well forecast by President Trump |
|  | Bond Market, Houston we have a problem! |
RSS
Atom
Email Delivery
Blog Links
Symbols used in blog
AAPL AMZN AORD AUY BB BTC COP DJI DOW DXY ETH EUR FB FXE FXY GDX GDXJ GLD GOLD GOOG HMY HUI INDU JJC LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SILVER SLV SOX SPY SSRM TLT TNX TRAN TYX UTIL VIX XAU XLE XLU
|