Monday, May 2, 2016

Morning Charts 05/02/2016 SPX /es

Man this never gets old (/sarc). Bad = Good or Worst = Best, I mean how hard is it to spot what's gonna make the market move up? Slew Of Negative News, Defaults And Failed Mergers Push Futures In The Green.

This is a good one - for those in conspiracy denial that insist on living in a cave pretending all is well - Deutsche Bank Has Systemic Money Laundering, Terrorist Financing And Sanctions Problems: UK Regulator. Of course nothing will come of this as the TBTF roll along covered in Teflon.


On to the lie -

Worth a look, OK post, still obviously believes technicals and fundamentals matter - Still Looks Like A Trap. Looks can be very deceiving, and in this case never forget who owns this market and why they have it propped up. 

SPX Daily - Well, they closed it above 64 Friday and are fighting to keep that level this morning. Sub 64 and the door is wide open down to 1990. They don't want that, so expect them to fight here. 


SPX Weekly - Well, I got the drop n pop to set the neg divs or at least set some sort of technical top on the daily - now we could really use the same for the weekly. Not necessary, but preferred. This is a tough thought at this point where a technical top has every right being in place (Blue wedge competed, broken down, daily neg divs, top down resistance diagonals, OB as hell). I'm basically thinking there is a possibility the Fed and the PTB fights here or maybe even down to 1990 and possibly drives price close to or to a new ATH. One last trap for the bulltards (plus "they" are not ready for collapse quite yet)would be fitting - if this whole run is not one massive trap.

 

Freedom watch -

We all saw this one coming - Schwab Is Forcing Cash Out Of Money Market Funds And Into Treasuries.






More to come below.

Have a good week.

GL and GB!

Friday, April 29, 2016

Open Weekend Post 04/30-01/2016

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 04/29/2016 SPX /es

Simple - all we can do is wait - Icahn: Markets will have 'a day of reckoning'. When? No one knows, but the bottom line is it will come as sure as the sun rises every day.

On to the lie- 

SPX Daily - Resistance, busted blue wedge support and that nasty daily candle yesterday. Does not look good for bully.


SPX Weekly - I'm gonna try and stick with my hopes of one last dump and pump to set a final weekly neg div and send this thing to its grave in an appropriate technical manner. This is not necessary, but what I'd prefer to see.





More to come below. 

Have a good weekend. 

GL and GB!

Thursday, April 28, 2016

Morning Charts 04/28/2016 SPX /es

Pretty simple - you take the candy away and everyone cries - Japanese Bloodbath After BoJ Disappoints - Nikkei Drops 1000 Points, USDJPY Crashes.

On to the lie - 

Read this - 2.607 Days Later, The "Most Hated Bull Market Ever" Is Now The Second Longest In History


SPX 30m - Maybe that RS and the HnS is gonna play out. Sadly it takes an event to make it happen and natural forces can't do it on their own. She's been trying to roll over for weeks now, maybe this will be one of the last straws?



Freedom watch - 

Hmmm - The Mysterious Case of Ted Cruz PAC’s $1/2 Million ‘Donation’ to Help Carly Fiorina

“And you have to wonder whether these women, one of whom worked for the Carly Fiorina campaign, and then shortly thereafter Ted Cruz pays Carly half a million dollars. Ted despises Carly, and Carly despises Ted. What is the $500,000 for? Can you say hush money?”


More to come below. 

Have a good day. 

GL and GB!

Wednesday, April 27, 2016

Morning Charts 04/27/2016 SPX /es

Apple - Schmapple - It's all about Grandma - Futures Ignore Apple Plunge; Oil Rises Above $45 As Yellen Looms

On to the lie - 

Nothing maters till Granny gives marching orders. 

SPX 5m - Just about the same situation three weeks ago where everything looked south and they lit an afterburner. Not saying that's gonna happen, but with gravity going its thing to AAPL she may choose to light another fuse.



Freedom watch - 

It's their club and you ain't in it. What this tells me is that 50% of Americans are ignorant as hell - Which 50% do you think I'm talking about? Exclusive: Half of Americans think presidential nominating system 'rigged' - poll




More to come below. 

Have a good day. 

GL and GB!





Tuesday, April 26, 2016

Morning Charts 04/26/2016 SPX /es

Sure, this makes all the sense in the world we're roughly 50 points away from ATH and what ..... ? "This Is The Longest Uninterrupted Selling Streak In History" - Smart Money Sells Stocks For Record 13 Consecutive Weeks. The poor sheeple saps. What the sheeple think is a great deal is not reality as markets continue to rise and provide the mask for the elite's wealth transfer scam.

On to the lie - 

All that matters today - As Fed Meeting Begins Futures Are Flat In Sleepy Session; Apple Earnings On Deck


SPX 30m - Possible HnS.


SPX 60m - She's still trying to roll over. The large wedge has busted support and price has overthrown all sorts of other formations.


Freedom watch - 

Again - for those with a fixed pension income - it CAN happen to you as well and most likely will - Major UK Pension Fund Slashes Benefits As Funding Crisis Spreads


More to come below. 

Have a good day. 

GL and GB!

Monday, April 25, 2016

Morning Charts 04/25/2016 SPX /es

Well they made it easy for us this week and gave us a road map - Key Events In The Coming Central Bank-Heavy Week.


On to the lie - 

You should prolly look at this - On April 28th, The US Equity "Bull Market" Will Become The Second Longest Ever
 

SPX 60m - Wedge support is gone. It keeps trying to roll over, bless its soul, but just can't (or they won't let it). 



Freedom watch - 

Pretty simple - they are taking it all - for themselves - The UN and the Oiligarchs Are Teaming Up to Take Over the Oceans



More to come below. 


Have a good week. 


GL and GB!

Friday, April 22, 2016

Open Weekend Post 04/23-24/2016

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!