Friday, April 24, 2015

Open Weekend Post 04/25-26/2015

You know the drill, share the love and the knowledge. 

If you see it share it. I will as well. 

Market in more than a precarious spot.



Have a good weekend. 

GL and GB!

Morning Charts 04/24/2015 SPX /es

Staying on the market manipulation theme, read "I’m Not Crazy, I’m Scared" - Why For One Trader, This Time It Is Different.

A wise central banker told me I should learn to live with central banks being the dominant force in the market, whether I like it or not. I, unhappily, think he is right.
And staying with the what does bad = today question (yesterday it was bad = bad that dramatically changed to bad = good all the way to fresh new ATH's) - Worst Drop In Core Durable Goods Since December 2012. Hmmm ..... the futures were down again last night only to recover again (trend I've been pointing out). I guess bad = good again, phew, back to the new normal.

"and under the covers it is ugly - Capital Goods New Orders non-defense, ex-aircraft have now fallen for 7 straight months, missing expectatons dramatically (-0.5% vs +0.3% exp.). These numbers have never fallen for this long a period without a recession."


On to the lie - 

SPX Weekly - If this does not look like an end game scenario I'm not sure what does. These days one must qualify such a statement by adding the fact that the Fed and other forces completely manipulate the market, so what you see may be misleading. So you got (Blue) multi-year channel resistance being challenged, (Black) the STB Diagonal of Death having broken down and is now resistance and (Red) the rising wedge culminating it all. Folks that red wedge is like a huge ass road sign flashing red warning you that were about to run out of road, you have no breaks and there is a big ass cliff ahead. I've been discussing for a few weeks now how price is being compressed or is trapped between blue and black resistance and red support. I have discussed how red is critical support here. Hopefully this chart puts things in perspective for you. Oh, did I fail to mention all the negative divergences below in the indicators? My bad. Sorry. This market is technically gift wrapped and delivered to your doorstep for disaster.
 



Freedom watch - 

Look, being right (for years) in the news and message I deliver really sucks. It's no fun to sit here day after day and warn you of the impending doom this market and country are facing. Hell, it's no fun to sit here an witness it either. All I hope is that you make an educated (while it's still legal) decision regarding you and your family's future based on the evidence here and elsewhere. 

Take this post as further evidence of the control system we're soon to be placed under. Consider my multiple warnings to get your cash out of the system (the gates are closed remember), as in all the way out of the markets, banks and dollar into real assets. Please see Largest Bank In America Joins War On Cash


"Chase, the largest bank in the U.S., which has enacted a policy restricting the use of cash in selected markets; bans cash payments for credit cards, mortgages, and auto loans; and disallows the storage of "any cash or coins" in safe deposit boxes."


Two words - cashless society. The ultimate control mechanism will come one day. This way they will be able to track every dollar (if they are called dollars much longer), every transaction, maximize tax collection and control you like never before. Great, they will be able to electronically cut off your water, power, car and your cash. Your only freedom will remain in the black market and your ability to barter. This is where real assets and physical items like gold, silver, cigarettes, booze and such come into play. You really need to think about the possibility of such things. 
 
And to follow through with STB's libtard earth day hypocrisy from yesterday please see The Liberal Hypocrisy of Earth Day | ZoNation.

More to come below.

Have a good weekend. 


GL and GB!

Thursday, April 23, 2015

Morning Charts 04/23/2015 SPX /es

I'll open with this - and if any SOB comes at me about the markets not being manipulated you may just get bitch slapped into next week.Wake up people - facts are facts and it's about time you recognize this.
"Deutsche Bank would pay $2.5 billion "in connection with the manipulation of the benchmark interest rates, including the London Interbank Offered Bank ("LIBOR"), the Euro Interbank Offered Rate ("EURIBOR") and Euroyen Tokyo Interbank Offered Rate ("TIBOR") (collectively, "IBOR").""

LOL - what does Bad = today? Futures Unexpectedly Red Despite Disappointing Economic Data From Around The Globe


On to the lie - 

Once again the futures slide and recover. Not as severe as yesterday, but it is a pattern that needs to be watched indicating weakness that cash price action may not show.
SPX Daily - Any move to ATH (as I've been saying) will lead to (typical) rather harsh negative divergences and and overthrow of the neg divs. 



SPX Daily - Again - critical red wedge support and black STB Diagonal of Death resistance. Price is trapped. Anything sub 2062 (triple major) support and hard hats may be required.




Freedom watch - 

How long have the government funded and subsidized global warming alarmists been at it? How many years ago did they really begin to cook up all the mega propaganda to scare us into carbon credits and an expansion of government to deny us our rights protect mother earth? This post is absolutely priceless and a must read for several great laughs this morning. 18 spectacularly wrong apocalyptic predictions made around the time of the first Earth Day in 1970, expect more this year.

"1. Harvard biologist George Wald estimated that “civilization will end within 15 or 30 years unless immediate action is taken against problems facing mankind.”"

9. In January 1970, Life reported, “Scientists have solid experimental and theoretical evidence to support…the following predictions: In a decade, urban dwellers will have to wear gas masks to survive air pollution…by 1985 air pollution will have reduced the amount of sunlight reaching earth by one half….”

16. Sen. Gaylord Nelson wrote in Look that, “Dr. S. Dillon Ripley, secretary of the Smithsonian Institute, believes that in 25 years, somewhere between 75 and 80 percent of all the species of living animals will be extinct.”

HYPOCRISY! at its finest is what you are witnessing. Why? One word, Fukushima. If these bleeding heart libtards were really interested in protecting the earth and the oceans then they would be focusing ALL their energy on solving the Fukushima disaster. I've yet to see some tree huger offer his or her life to go to Fuku to assist with this problem. Fucking bitch, bitch, bitch and then when it comes time for real action .... nothing. Typical.

How bad is Fukushima? Well, just start reading the headlines here and keep on clicking. This accident ranks in the top 5 coverups of all time and will be number one when it's all over (meaning it's ALL OVER as in this fucker is literally poisoning the globe and they are not doing one damn thing about it). Want to talk apocalyptic? Talk Fuku. This shits for real. Now these headlines are for real and not propaganda.


‘Major blow’ at Fukushima as robot loses control inside reactor — Moved 10 meters before failing — Max radiation readings more than doubled since 2012 — ‘Eerie footage’ shows orange glow in area with highest levels

Times: 200-year wait faced at Fukushima — Plant Chief: “No idea” how to decommission reactors… “the technology does not exist”; “No viable method” to deal with melted fuel; “So many uncertainties… we don’t have accurate information” — Engineers declared problems ‘insurmountable’

The Russians did a remarkable and heroic job handling Chernobyl. The russians had robots that failed as well, and people (biorobots) had to go in and remove the debris by hand. I don't see the same effort from Japan (or any tree hugers lining up to jump in to save the earth). Human sacrifice (and not just sending in the homeless of Japan to be sacrificed) is all that can save Fuku and possibly the oceans at this point. 


And see this and this - Update: Federal Judge drops bomb in the Monsanto vs. Maui case




"This is dictatorship."


More to come below. 

Have a good day. 

GL and GB!

Wednesday, April 22, 2015

Morning Charts 04/22/2015 SPX /es

Greece, Fed and war - just be on your toes. 

As for Greece, everyday the dominoes keep tumbling as the political jockeying continues. ECB Prepares To Sacrifice Greek Banks With 50% Collateral Haircut. And this may just be the beginning of the haircuts. I wonder, like the Cyprus situation, how many insiders are being allowed to exit haircut free while the little people are left to hang. 


"The European Central Bank is now demanding that the value of the collateral that Greek banks post at their own central bank to secure these loans be reduced by as much as 50 percent,"



On to the lie - 

I'm struggling with the fact that every time a downturn has passed the 61% retracement they've managed to march price to new ATH's. Things are apparently (and finally) becoming a little more difficult for team manipulation. A disconnected Fed does not help matters. More bothersome is the geopolitical stage from Ukraine to Yemen to Israel to Jade Helm here at home. 

SPX Daily - You will prolly see this chart a lot in the next few weeks. It's really all there is to it. 

 
 
Freedom watch - 

Surreal? You tell me if this does not help connect the dots (immigration/economy/destruction of middle class) of an America where it appears they are trying to turn this country into a third world nation with cheap labor and ignorant debt slaves that are capable of doing little more than support the corprotocracy. Common Core's real goal? 'Dumbing down people'.
 

"“As just one example of how bad these national ‘standards’ are, consider that both of the subject-matter experts selected by Common Core’s own architects for the Validation Committee refused to sign off on them,” Newman revealed. “The math expert cited, among other problems, incorrect math. The English Language Arts expert blasted the fact that the standards will reduce the ability of children to think for themselves.”

In addition to imposing questionable standards, Newman reports the Department of Education is collecting obscene amounts of data on every student in the country – even data such as the number of teeth a child has lost and the condition of his or her gums.

“The data-mining schemes exposed in the book would make George Orwell blush,”"



More to come below.

Have a good day.

GL and GB. 

Tuesday, April 21, 2015

Morning Charts 04/21/2015 SPX /es

Ah, the new normal, when good = good, bad = good and good can = bad. A true witches brew of fallacies and fantasies, concocted or not, that always seem to come out glowingly positive (in the matrix's eyes). When you get headlines like this you can only shake your head and pray that QE4 comes so they can just get it over with. Futures Surge On First Chinese State Bankruptcy, Greek Capital Controls And Approaching Default


"Explaining the catalysts that move the "market" overnight has become so farcical it is practically an exercise in futility and absurdis."

I hate to sound like a broken record, but Greece and Fed speak dominate everything (other than the false hopes for more #FAIL global QE to come). 

And you need to read this to understand the new earnings normal - it's all about the buyback (and not just for IBM - they support roughly 30% of the market now). IBM Reports Worst Sales Since 2002; EPS Beats On Aggressive Buybacks, Cut In Tax Rate.

 "In other words, IBM is now in the aggressive collections business, just so it has the leeway to repurchase its own stock."




On to the lie - 

SPX Daily - My life and a daily composite of everything we've watched and discussed since August of last year. The red rising wedge in detail. This is the third iteration of the wedge as they have adjusted the lower diagonal support to extend the wedge three times. The battle with critical support that I've annoyingly mentioned the past few weeks is clear to see. Volatile consolidation in the black triangle leading to the blue rising channel all at critical support leads to two options, either they defend and ramp or its about to collapse. Any spike to ATH levels will leave yet another nasty negative divergence (which in the past has led to some of the larger corrections).




Freedom Watch - 

This has an angle on freedom, but mainly it highlights Chicago and the massive financial troubles going on there - this place is not just a social powder keg but a financial nuke about to go off. Credit Swap Event Triggers for Chicago Schools: Out of Cash in 30 Days, Cooking the Books to Oblivion:Rauner Ponders Bankruptcy; Emanuel Out to Destroy Middle Class.

Mish also has some excellent posts on Greece you need to skim over. 



More to come below. 

Have a good day. 

GL and GB!

Monday, April 20, 2015

Morning Charts 04/20/2015 SPX /es

LS2 in surgery this am for broken arm from last week.  He's out now and all is well. Now having to run errand for LS1 school stuff. Sorry no post. I'll be in by 10.




More to come below. 

Have a good week. 

GL and GB!

Friday, April 17, 2015

Open Weekend Post 04/18-19/2015

You know the drill, share the love and the knowledge. 

If you see it, share it. I will as well. 

I'll look into the chartbook to see if there is anything interesting in there and let you know what I find. 

LS2 becomes a teenager Saturday. LS2 broke his arm on Thursday on his new longboard! Boys. So much for gold for a while. 



Have a good weekend. 

GL and GB!


Morning Charts 04/17/2015 SPX /es

Easing/QE, it is what makes the world go these days, so we keep an eye on it and all announcements surrounding it. You can only laugh when stuff like this is pointed out - Is This How The Bank Of Japan "Signals" It Is About To Boost QE?. Front running your own manipulation? All you can do is laugh.

"As Bloomberg reports, BoJ stock has surged almost 30% in the last few days on very heavy volume... the previous 4 times we saw spikes in price and volume, Japanese authorities eased significantly in the following days."

Greece - pay attention.


On to the lie - 

Running thru some time frames - looks very toppy. fed speak yesterday was inconclusive meaning confusion still reigns. Markets don't like confusion. But, they have things under control with everyone knowing the Fed has the market's back and QE4 will come one day. 

SPX Monthly


 
SPX Weekly



SPX Daily



SPX 60m



SPX 10m


Freedom watch - 

Coming on the back of yet another large ammo purchase (62 million AR-15 rounds) by the Feds (since they can't get the guns they will just take the ammo), and since we speculate on elite plans - you may want to read this - Signs That The Elite Are Feverishly Preparing For Something BIG. We've all been pointing to September for various reasons as a potential end point, maybe things are starting to come together.

How much longer will STB be allowed to broadcast its intolerable rants against the state? How much longer will we have freedom of the internet (or speech for that matter)? We often discuss all the built in on/off switches they have in place. See  ‘Bloggers’ Compared to ISIS During Congressional Hearing

"As linguist Noam Chomsky said, “The idea that there should be a network reaching people, which does not repeat the US propaganda system, is intolerable” to the US establishment."

More to come below. 

Have a good weekend. 

GL and GB!