Sunday, May 24, 2015

Memorial Day post

Thanks again to all that served and still serve. Individual and family sacrifice is more than appreciated. As mentioned times are changing and service today is not what it was. To those that protected us from real threats, thank you. To those that serve the modern day corporatocracy, you need to think twice about your mission and commitment to the U.S. Constitution.

GL and GB to all.

Friday, May 22, 2015

Open Weekend Post 05/23-25/2015

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

First order of business, have fun this holiday weekend. Make sure you spread the government and Fed propaganda to all your friends and neighbors of how fucking rich you are and how super inflated your portfolios are. Tell 'em how you've got fiat coming out of every orifice you have so much. Make sure you tell 'em on how you are planning on leveraging up on your 4th mortgage and betting it all in the market with margin on leveraged assets! Don't remind them to sell their silver, gold and guns - those are worthless.

Second order of business would be to keep your mouth shut about data manipulation, yet recognize a total farce when you see one. You better check out US Department Of Commerce Officially Jumps The Shark, Will "Double Seasonally Adjust" GDP Data. See the definition of "full retard" in the dictionary for more clarification.


Third order of business should be to start packing your bags and secretly start planning on which country you want to live in other than this rapidly decaying democratic nightmare.

Other than that, maybe we get the post holiday crash, maybe not.

Many thanks to those who serve/served this country and to the families that have lost loved ones defending the globe/nation. I hope it turns out in the end that it was worth the sacrifice. I'm sure it will, but right now things don't look so hot.

Have a great holiday weekend. 

GL and GB!
 

Thursday, May 21, 2015

Morning Charts

I have 8th grade graduation this morning. I'll be in around 10:00. Since we're waiting on Grandma prolly don't need a post anyway. I'll post some charts and thoughts when I get in below.


More to come below.

Have a great holiday weekend.

Gal and GB!

Morning Charts 05/21/2015 SPX /es

Just waiting on Grandma. I do believe it is time (long overdue) that we finally get some concrete direction from the Fed. After almost a year of driving in a fog, we may just finally get some actual "planning" from the Fed.

And in case you have trouble grasping this manipulation I discuss almost every day - here is a post that takes you through the realm of falsehood - Big Banks Busted Massively Manipulating Foreign Exchange … And Every Other Market


On to the lie - 

Patience Grasshopper, we're almost there. 

SPX 30m - Stretching a bit from the black DoD. Does not like to stay above this diagonal very long. Neg divs everywhere. A move back to the 20-17 area would be expected here. Possible small gray triangle. Larger blue channel is the main pattern driving price I believe.



Freedom watch - 

More on TPP - this shit is bad - really bad. Like futuristic, beyond Orwell in steroids bad. Like a bad Robo Cop, Total Recall, Running Man, Demolition Man meet the Hunger Games in The Matrix. This is really screwed up. Obummer is about to become emperor of the world when he enacts this. Police state takes over. Laws and Constitution are ditched, and whatever the corporations decide is what will be. Welcome to your future.

250+ Tech Companies and Digital Rights Groups: TPP Could Criminalize Journalism and Whistleblowing

"TPP’s trade secrets provisions could make it a crime for people to reveal corporate wrongdoing “through a computer system.” The language is dangerously vague, and enables signatory countries to enact rules that would ban reporting on timely, critical issues affecting the public."

More to come below. 

Have a good day. 

GL and GB!

Wednesday, May 20, 2015

Morning Charts 05/20/2015 SPX /es

Fed speak week and the holiday - nothing much else needs to be said here today. 

Other than watch Greece.


On to the lie -


SPX 60m - If they hit that IHnS target they better do it before the weekend. If not, then I'll start looking at this as a backtest of busted wedge support and start targeting the 1983 area. OBTW, that's a 5 month neg div on MACD.




SPX Daily - This chart confirms the potential IHnS target which would backtest the busted DoD (Black Diagonal of Death). It paints a slightly better support picture on the way down to 1983 marking 2076, 62 and 35 as three very key support points. Price is attempting another overthrow (black vertical) of the neg diving indicators which states how this market pays no attention to technicals anymore.Look at the double (worsening) negative divergences going back to November! Some actually go back a year. Wow!




Freedom watch -

I think the headline says it all. JUDICIAL WATCH: DEFENSE, STATE DEPARTMENT DOCUMENTS REVEAL OBAMA ADMINISTRATION KNEW THAT AL QAEDA TERRORISTS HAD PLANNED BENGHAZI ATTACK 10 DAYS IN ADVANCE.  I really don't think any additional commentary is necessary from me, what difference would it make?

And #cutthecheck


More to come below. 

Have a good day. 

GL and GB!

Tuesday, May 19, 2015

Morning Charts 05/19/2015 SPX /es

Pretty simple story this morning - Walmart misses and the markets are down .... wait, that's not right .... markets are up .... OK .... phew .... I thought there might be a glitch in the new normal. This is not your father's market or any market you've ever known. Bad=Good and the promise of moar QE is all that matters. 

Did someone say moar? The laundry list of Fed/fin/econ speak this week is astounding. Nice to know that on day two they have not disappointed. Stocks, Bonds Spike After ECB Pledge To Accelerate QE Ahead Of "Slow Season".  So this is why the markets are shunning the WMT news. 

One warning this morning that fits with my long held conviction that it's all about liquidity comes from Elmer Fudd - El-Erian: Markets underestimating liquidity risk

Don't take your eye off Greece.


On to the lie - 

SPX Daily - anything above here and this chart works into an overthrow situation (see dashed black vertical lines). Price working on rather large negative divergences backtesting double strong resistance should be a huge red flag area, but in the new normal a little Fed or QE speak can mitigate the worst situations presented. Oh, don't forget we have a holiday coming up.


Freedom watch - 

I'm stuck on TPP, sorry, but it's very important that you know this - read these quotes below very carefully and absorb them - Here’s How Your Senators Voted, in the Key Senate Vote to End American Democracy


"The key vote, in the U.S. Senate, to transfer to international corporate panels America’s democratic national sovereignty over the laws and regulations on the environment, workers’ rights, consumers’ rights, and finance, was officially titled with the misleadingly unrelated phrase “Ensuring Tax Exempt Organizations the Right to Appeal Act,” and it passed the U.S. Senate as “H.R. 1314,” by 65 to 33 votes, at 1:55 in the afternoon of Thursday 14 May 2015."

And

"A “Nay” vote meant that the Senator opposed this transfer of democratic national sovereignty, away from elected representatives of the public, to international corporate panels, whose members will be appointed solely by executives chosen by the controlling stockholders in large international corporations. A “Yea” vote meant that the Senator favored this transfer of democratic national sovereignty over to international corporate panels."

"International Corporate Panels" will be the new judge and jury. Your best interests and freedoms just took a back seat to the corporatocracy. 

More to come below. 

Have a good day. 


GL and GB!

Monday, May 18, 2015

Morning Charts 05/18/2015 SPX /es

To those looking for a fall this week - fhugeddaboutit - Memorial Day just around the corner should mean nothing but a plastering to or near ATH's. What would a holiday be without a holiday ramp or at least tampering with ATH's? Now that would not be American Keynesian. Now, as for the week post Memorial day, all bets are off. 

Well, that's usually the case. When you get into the daily chart below, it's not exactly clear how the Fed will be able to make a push higher given current technical conditions. Of course we've seen the most dreadful 4 or 6 consecutive negative divergences raped by the fed before. To see another offensive act by Team Manipulation would not be a surprise. 

When you are at home enjoying the first week of summer do you think they want everyone discussing the recent market collapse? Hell no. They want your retirement and investment accounts fatter than the fatted calf. It's after one of these holiday highs they are gonna pull the plug I suspect. This or the 4th would be the best times to do such. What it depends on is how and when Greece works out, what they want timing wise and when they plan of unleashing QE4. I still contend that this fall has potential to be the time of THE top. 

Pay close attention to Greece - Shape Of Greek Endgame Emerges: IMF Discussed "Cyprus-Like" Plan After Tsipras Warned Of Looming Default.


This week will be VERY news heavy with Evans speaking today going all the way to Friday when Yellen speaks. If I were you I'd hold my cards tight to the chest and react to their news and try hard not to play ahead of it.


On to the lie - 

SPX 30m - I'm still looking at that IHnS (the HnS is fading but still in play till a higher high). Their problem is price does not like to stay above that black diagonal very long. 



Freedom watch - 

Catching the "government" in a lie is not good, especially one as big as this. You must read Lapdogs, redux: How the press tried to discredit Seymour Hersh’s bombshell reporting on CIA domestic spying.
  Another thing I've discussed for years here on STB is the coming cashless society - the ultimate government control point. They want to be able to tax and track every purchase (oh, and don't forget they also want to be able to control the distribution of money - that would mean your money to everyone else). Please see Leading German Keynesian Economist Calls For Cash Ban

"the world could always ban cash because if you eliminate physical currency and force people to use a debit card linked to a government controlled bank account for all transactions, you can effectively centrally plan everything."

More to come below. 

Have a good week. 

GL and GB!

Friday, May 15, 2015

Open Weekend Post 05/16-17/2015

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 worth noting. 

Y'all have a good weekend. 

GL and GB!