Friday, July 31, 2015

Open Weekend Post 08/01-02/2015

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

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



Have a good weekend. 

GL and GB!

Morning Charts 07/31/2015 SPX /es

Well, nothing new here

"Bad news is great news again... Stock are surging (and bond yields tumbling) following the worst wage growth in history this morning."
Debt slaves - I talk about it frequently (in a slightly harsher tone than here)
"That is why we are called debt slaves – our hard work makes others extremely wealthy."

And to sum up my personal frustration in a nutshell - when the "experts" get to this point it can only make you wonder - 


In a blog dated July 7, Liu wrote: "The stock market disaster has turned many of my investment principles upside down … and made me doubt many times whether I'm still suitable for the market."


On to the lie -

SPX 30m - Maybe some sort of wedge (pink) developing. Possibly a triangle. Too early to tell with all this volatility. Daily charts are still in bear mode (for what that's worth).



Freedom watch -

Never on a Friday.



More to come below.

Have a good weekend.

GL and GB!

Thursday, July 30, 2015

Morning Charts 07/30/2015 SPX /es

Well, so how's that easy money policy working out for ya? 
 "the economic expansion--already the worst on record since World War II--is weaker than previously thought, according to newly revised data."


On to the lie - 

Life in the danger zone. 

SPX Daily - 




Freedom watch -

Not today.



More to come below. 

Have a good day. 

GL and GB!

Wednesday, July 29, 2015

Morning Charts 07/29/2015 SPX /es

FOMC day so no thoughts until grandma speaks. I'm guessing they stay the course, nothing concrete and hints at a rate rise in the fall. One of these days they are gonna have to throw out some sort of surprise.


On to the lie -

SPX Daily - DMA bonanza zone! They were surprisingly non issued on the way down. Apparently they were a convenient stopping point on the way up. 



Freedom watch - 

Wow, just wow! Even worse, see the three links at the bottom. STB's discussed all that crap for years now. Total control freaks, UN Sustainable development junkies, and some of you laugh/scoff when we on the blog joke about FEMA camps and reeducation centers. 3-Year-Old London Child Deemed “Extremist” and Placed in Government Reeducation Program


More to come below.

Have a good day.

GL and GB!

Tuesday, July 28, 2015

Morning Charts 07/28/2015 SPX /es

ZH posted The Most Important Market Trendline Since 2009 Was Just Broken. And here is the chart - 


On to the lie -

You've seen my LT charts. I agree with the above that an important TL busted, but .... does it make a difference A) where you start the trendline or B) what sort of market you are playing in (one with rules and one without)? About the only reason I still keep the charts and charbook today is that I truly believe that TA will get it right in the end. You can't run from the numbers. Alas, the question, when, still applies. 

Here is a monthly looks to compare to the above. Since all technicians see things in a different way ..... course I could show it to you from multiple takes as well - I like this the best.

SPX Monthly - Here off the '09 low that lower support diagonal looks quite different. Off the '09 low I believe the the upper blue channel diagonal - where that breaks resistance is an even bigger deal proving just how overbought we are. The rising pink support coming off the '11 lows (the STB Diagonal of Death), that having broken is a much bigger deal to me. Now notice how blue resistance has become support. Uh, yup. That's the line I'm looking at. Also notice that there are a few MONTHLY horrific negative divergences. The cycle tops are also kinda cool I think. Also note the 10/20 ma. Oh, and the 38% retracement for the whole move - let's call it 1600.




Freedom watch -

It's so bad I can't figure out where to start. So none today.


More to come below.

Have a good day.

GL and GB!

Monday, July 27, 2015

Morning Charts 07/27/2015 SPX /es

Well, someone several years made a bunch of brash predictions, two of the main ones were there would be an "event" that would end it all and that massive deflation would come before hyperinflation. I enjoyed (in a sick way) reading this - Deflation Is Winning – Beware!

"Like it or not, things are getting interesting again. The prudent move here is to watch developments very closely, position yourself defensively, and be ready to react nimbly, if necessary. After years of suppression, the forces of reality are threatening to overwhelm our managed global “”markets”‘. And it’s about damn time."

China market crash continues. At some point that will have to become a concern here. One would assume that the Fed is vigorously taking notes about what to and not to do to stop a bubble from bursting. 

And - Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now?



On to the lie - 


SPX Daily - I'm still somewhat taken off guard by this move south. I can't explain why. The fact that the charts were right and the fed did not crap all over yet another great short set up has me somewhat bewildered. That they stopped some two points shy of the ATH was puzzling. Those and other factors have me somewhat off balance. Maybe I'm simply over thinking things. I guess I'm fighting off their years of conditioning like some sort of fever. 2062 (again) is my number. 200dma, 2 diagonals and the 62 s/r all sit right there.


Freedom watch - 

Interesting - Meet The Kagans: Seeking War To The End Of The World




More to come below. 

Have a good week. 

GL and GB!

Friday, July 24, 2015

Open Weekend Post 07/25-26/2015

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

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

Quite the surprise dump late this week for no real apparent reason (other than it was overdue and more than deserved, but we all know that alone will not cause a dramatic turn in price). 



Y'all have a good weekend. 

GL and GB!

Morning Charts 07/24/2015 SPX /es

Well, Souper constantly harps on it
"Such a divergence is occurring at the moment. It is often suggested that when the bond and stock markets diverge, the bonds typically prove to be correct"
 and more markets being rigged proof

On to the lie - 

Whatever caused to fall yesterday was overdue. 

SPX Daily - Watch dma support here down to 95. Really from here to 44 are a plethora of support points. It's below that where things get interesting.


Freedom watch - 

Not on Fridays.


More to come below. 

Have a good weekend. 

GL and GB!