Thursday, August 14, 2014

Morning Charts 08/14/14 SPX /es

I know, I know, my charts are missing. Short version of a long story, I temporarily lost my wallet early last week and cancelled CCs in it before we left town. My SC account was up for renewal and in the process of charging/un-charging my membership with SC (that Visa screwed up royally), I am now not an active member of SC as of yesterday evening. I am working to get this cleared up and my account back. I hoped to have this done by this morning, but now I'm not sure how long this will take. SC has a horrific track record at servicing my needs in the past, and I don't expect this 6 year HoF sub to get any special treatment.

Continuing with a recent theme STB has been on - Hammering Obama: Hillary has only begun - it's fixing to be a long cold two lame duck years in the white house. O and Biden are gonna wish global warming were real, cause that's about the only warmth they will find going forward (and we all now know that global warming is a myth by now, right?).

Yes, it appears everyone, even the press is ready to move on from this loser. Rift grows between Obama, media as press groups blast administration ‘spin’ - ya think O's version of Baghdad Bob Carney knew when the time to jump ship was right? After years of lies and abuse, he's about to get what's coming to him.

Unless - God I hate this part - unless, he's truly the tyrannical psychopath we all fear know he is. It was just yesterday that Reporters arrested in Ferguson. What? Yes, they refused to leave a McDonalds. What? Yes, Obummer's local troops in full riot gear arrested two reporters for not evacuating a Mickey D's fast enough. Can you say intimidation of the press?

I guess when you report on police business and get to close to something you are reminded where you stand as a human being - excuse me - I mean a sheeple. Ferguson is turning out to be quite the display for how we are to be treated if we are to get out of line. Read Militarized cops on display in Ferguson riots. So the used military equipment is not only going to the terrorists in the Middle East, but to the terrorists police at home as well. We can't have all this used equipment fall into the wrong hands you know.

What this psycho is capable of is terrifying, and when he comes under the immense pressure of protecting his 'legacy' or trying to make one or whatever - who knows what's going to happen? Right now he's done more harm than good. It's truly scary to think of how much more damage he can do in these last two tumultuous years ahead.

And your stat of the day - Obama’s one achievement — outgolfing Tiger Woods

"As Barack “Eldrick” Obama approaches his 200th round of golf since his election as president, here’s a fact to put that into perspective: Since January 2009, Tiger Woods has played 269 rounds of golf.

And Tiger, beleaguered by injury, is almost certainly done for the year. So that means the president, if he keeps up with his pace of play during his 15-day vacation in Martha’s Vineyard (a round a day) and his normal weekly round, will pass Tiger sometime next spring.

Think about that for a minute. The president of the U.S., juggling the American economy and the entire world’s problems — Iraq is in full meltdown, the Middle East is a powder keg, Russia is moving on Ukraine — has played golf nearly as much as a guy whose day job is playing golf."

Maybe it is best if he just stays on the golf course. Sadly that's not going to happen. Obozo is making a surprise return to the white house from vacation this weekend. WTF could he be coming back to screw up now? Please O, stay. No need to come back anytime soon. You just hang out there, tick off all the local golfers and soak in the social scene. We're doing just fine without you.

On to the lie -

Markets know all this turmoil is coming surrounding our leadership - leadership that has been proven to be more than substandard (and that's being kind). Markets know that we have two more years of this to deal with. If a presidential election were to be held this year I believe we'd be awash with a new 'hope' and that any sort of 'change' would be gleefully welcomed by all including the markets at this level. Sadly that is not the case.

It is no secret that the globe is in meltdown mode and we're not the global leader we used to be. Apparently bombs and bullets no longer intimidate, they irritate. Apparently everyone else now wants a piece of our pie and they are not asking for permission, they are taking it. That is not how things are supposed to work. Empires come and go, and our time is just about up. The markets know this. 

I've been discussing nervous markets since before the 4th. I got the fall I was looking for, now what? Price fell to critical support and is now struggling to rebound. That is if you call the minis 60 points up off the lows struggling (it feels that way). The minis have entered my bull/bear resistance zone and 1953 will be the first resistance test. The Fed does not have it as easy these days at lifting price as they used to.

News. What's the only thing that's stopped the Fed? News. Who wants total control over the MSM? Are you starting to put two and two together? Let the lies perpetuate, keep the sheeple in the dark. One day it all goes POOF, we all sit around and wonder why and next thing we know militarized police are everywhere as they implement capital controls for the "good of the country".

Wake up folks. Things are bout to get nasty.

Watch this area around 1953 on the minis. Cash resistance area started as well. Cash resistance area runs up to 1964, Without any turmoil they should be able to manage at least a double top, but one bad news bite and this lie is set to fall at the speed of gravity (impossible I know - just like a previous lie).

More to come below.

Have a good day.

GL and GB.

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