Friday, November 21, 2014

Open Weekend Post 11/22-23/2014

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

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

As painful and (more then likely) fruitless as it may be, I'll update some charts this week and may completely redo a few. I'll post anything I find interesting. 

Thanks for another awesome week on the blog. Y'all killed it as usual. Great discussion and info - it's amazing what y'all contribute. 


Have a good weekend. 

GL and GB! 

Morning Charts 11/21/2014 SPX /es

Ya know, never, ever, never, never, never discount the holiday ramp. As in - NEVER!

I'm not sure the Chinese time stuff for everyone's benefit or not, but last night's rate cut just crushed those anticipating a potential turn today. 

The US is now a dictatorship. 

Ferguson verdict coming. 

On to the lie - 

Well, boy am I glad I did not bother to mess with any charts this week. Would have been a waste of time. I'll have to update this weekend though. Nothing like sitting down and charting up a disaster only to see some idiotic action send futures soaring at the most improbable moments to overthrow after overthrow of technical situations that would otherwise suggest different. 

SPX Daily - One would think the pop off valve would have to blow and release some steam, but then again in fantasy land does anything associated with reality matter?  Looking at the setup, the dailys need a larger negative divergence. This would require a pullback and then pop. How that happens is beyond my comprehension, as if neg divs matter anymore anyway. 






More to come below. 

Have a good weekend. 

GL and GB!

Thursday, November 20, 2014

Morning Charts 11/20/2014 SPX /es

OK - I'm somewhat alive and actually up and in the office this AM. Sadly my energy level is zilch, and since I quite literally have not looked at the markets or any news in over 48 hours I won't be offering any commentary again today (at least up here). 


On to the lie - 


SPX Daily - This is all just so flippin stupid. When this thing lets go there could literally be a 100 point gap down in the SPX. No, I'm not kidding. Total control, until not. 





More to come below. 

Have a good day.

GL and GB!

Wednesday, November 19, 2014

Morning Charts 11/20/2014 SPX /es

Feel really bad again this morning. so no post - sorry.






More to come below. 

Have a good day. 

GL and GB!

Tuesday, November 18, 2014

Morning Charts 11/18/2014 SPX /es

Think I got the flu. Gonna skip post this AM. Sorry. 




More to come below.

Have a good day.

GL and GB!

Monday, November 17, 2014

Morning Charts 11/17/2014 SPX /es

Running late after a really long weekend, so not much this morning. I'm still playing catch up. 

What may be a market event and more importantly a social/police state or gun control event in Ferguson may go down this week. See All Hell is About to Break Lose. Not sure if this becomes as large as Trayvon, but it could. I'd expect the MSM to hype this to the max for better or worse, and I'd expect the administration to possibly use the cover to implement policy while the sheeple are distracted. 

I'm not gonna cover any market stuff this morning. I have not checked any news since Friday morning. 


On to the lie - 


SPX Daily - Overthrowing and overbought. Still looking for a correction then ramp to EOY - then possibly SHTF. 





More to come below. 

Have a good week. 

GL and GB!

Friday, November 14, 2014

Open Weekend Post 11/15-16/2014

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

If you see it, share it. I'll do the same. 

I'll try to update some charts this weekend. 



Have a great weekend. 

GL and GB!

Morning Charts 11/14/2014 SPX /es

STB is in one of those brief periods of total disgust with everything. To use my bad horror movie analogy again, everyone (govt, Feds, sheeple, domestic and foreign) seem to be gleefully lining up to go into the attic where we all know nothing good ever happens. 

I'm not going into full blown rant mode this morning. I don't have the energy. I need to get back to some old school STB and have a few good blow out posts. The sheer idiocy of it all. I hate it. I can't stand to see folks make idiotic clueless decisions. I absolutely get totally peeved when people don't use their brains, and we're all guilty of this right now.

We've all been sitting on our collective asses for years now allowing the Fed and the government to destroy this nation. Everyone cocooning, hoping and praying to be left alone, just leave me be. Fat and happy in our comfy homes with all the electronics and GMO food we can possibly consume and more. Don't bother me with external minutiae. We sit gleefully soaking up the MSM meme hoping the government has everything well under control. 

Hope is the key word there. Well, we've seen what hope has delivered over the past 6 years, and the 8 years before that were not that great either. Bottom line is if we don't do something soon to force the government to act responsibly, say jail a banker (or 100), end the Fed, change foreign policy, represent the people and not the corporations, not only is there gonna be a financial collapse (unavoidable at this point), but there might be a democracy collapse which would be far worse. 

Planned event or not, it is still our nation, with our Constitution and our Bill of Rights, not theirs. They are supposed to work for us not them. This last election was somewhat reassuring regarding the sheeple's stance. We spoke loud and clear. Hopefully there will be some sort of check on executive abuse now. Hopefully that check won't evolve into an extreme on the other side of the isle of power. 

Two words - apparently long forgotten, must be resurrected. 




[ri-spon-suh-bil-i-tee]  



nounplural responsibilities.
1.
the state or fact of being responsibleanswerable, or accountable for something within one's power, control, or management.
2.
an instance of being responsible :
The responsibility for this mess is yours!
3.
a particular burden of obligation upon one who is responsible :
the responsibilities of authority.
4.
a person or thing for which one is responsible :
A child is a responsibility to its parents.
5.
reliability or dependability, especially in meeting debts or payments.




[uh-koun-tuh-bil-i-tee]  



noun
1.
the state of being accountableliable, or answerable.
2.
Education. a policy of holding schools and teachers accountable forstudents' academic progress by linking such progress with funding forsalaries, maintenance, etc.
These words have been replaced by lazy and leach. The transition will not be easy, but I have a feeling that the change, whether we want it or not, will be forced upon us soon (since it's quite apparent we're not about to do a damn thing as a collective to right the wrong). At least to me, the coming change will be very welcomed. I want my country back. 



I'm still holding that short opened earlier this week. 



More to come below. 

Have a good weekend. 

GL and GB!