Google site search Follow readtheticker on LindedIn YouTube StockTwits Follow readtheticker on Twitter
Blog ReLoad |Titles List |Media Only |Media Titles List |Market News |RSS RSS |ATOM Atom |FEEDBURNER FeedBurner|Email Delivery |Mobile
Created on: 7/22/2023 11:17:24 PM   Last Update: 7/22/2023 11:44:46 PM Posted by: RTT
1 POST US tax receipts hurting the dollar
us-tax-receipts-hurting-the-dollarUS 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 Now some tight monetary controls can be withdrawn, a lower dollar for one.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.
DXY chart






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.
Dollar Cycle





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.
Dow cycle



Divider




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...

...“I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street.  As long as they realize the market is a business like any other business, they have a good chance to prosper.”...

Jesse Livermore


.."The key to making money in stocks is not to get scared out of them"

Peter Lynch


...“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”...

Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).


..."There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism - by vote. It is merely the difference between murder and suicide"...


Ayn Rand

.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..

Mark Twain




Newer Post: Bitcoin Time Map
Older Post: Silver 100 year cycle
         >> Print or PopOut or Pdf .
         >> Go Back

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



Search Blog Titles:
Search Blog for Text:
Search Blog for Ticker Symbol:

Or 'Click Me' to search this site with Google
What works in the market.
Wyckoff price road map.
Which time frame works best.

Pages
1. Blog Performance Review
2. List of the best blog posts

MostRecent
US GDP recovery
Japanese Yen Cycle Review
Global M2 effect on Gold
Crude Oil near $300 plus
Bitcoin Time Map

Ney(1)
Crypto Currency(27)
Central Banks(16)
Crisis Watch(9)
Wyckoff(4)
Cycles(5)
Gann(13)
Chart Review(17)
Browsing(120)
RTT TV(15)
Sector Watch(28)
RTT Tools(43)
Wyckoff 2.0(42)
Mystery Trader(6)
Market Strategy(72)
Cycle Review(73)
Swing Trade Idea(48)
Market Calls(23)
Investors(105)
News(7)
Bonds(19)
Metals and Forex(165)
Gann Wyckoff Hurst(119)
Wall Street(25)
Ticker Review(35)
Uncategorized(2)
Market Review(96)
Jokes(28)
Economic(94)

202309(2)
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)
201809(4)
201808(6)
201807(5)
201806(4)
201805(7)


 

RSS RSS

ATOM Atom

FEEDBURNER FeedBurner|Email Delivery

  Blog Links
Marker TalkMarkets
Marker PhilStockWorld
Marker FinancialSurvivalNetwork
Marker Yardeni Research
Marker TradingEconomics
Marker dshort.com
Marker Marketoracle.co.uk
Marker Bloomberg.com
Marker McverryReport.com
Marker Calafia Beach Pundit
Marker ForexLive
Marker TurnaroundStockinvesting.com
Marker readtheticker tumblr
Marker readtheticker blogger
  Symbols used in blog
AAPL AMZN AORD AUY BB BTC COP DIA DJI DXY ETH EUR FB FXE FXY GDX GDXJ GLD GOOG HL HMY HPR HUI INDU JJC LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SLV SPY SSRM TLT TNX TRAN TYX UAN URG UTIL VIX XAU XLE XLU


Follow readtheticker on LindedIn

Seeking Alpha Certified





Contributor to...
McVerry Report


StockTwits








Home | Charts & Tutorials | Market Timing | Blog | RTT Tv | Services | Information & FAQ | Contact Us | Sign Up | Logon
Indicator Library | FAQ | Site Search | Symbols Available | Education | Advisors | General Policy | Privacy Policy | Terms Of Use | About Us
Tutorials | Charts Demo | Charts Members | Charts Secured | Mobile Site | Market News | Investment Quotes | World Time .
Public Disclaimer