Friday, August 29, 2014

Morning Charts 08/29/2014 SPX /es

Not much to say this morning. Are the Russians invading or not? Global confusion reigns. potus is about to really mess with some things. GDP was raised? Yields are somewhere, anyone seen any yields? They got lost somewhere. Employment ... whatever. Housing up or down, depends on which way the wind is blowing I guess. Holiday ramp ends today. Dollar is in trouble. Shall I continue? I think you know most of the rest of the story. Next week should be very interesting. 

How screwed up are things and are we sure the yield curve is not 'really' inverted at this point? "For the first time in history, based on FRED data, the 30Y constant maturity yield is below the real GDP growth level..."

SPX Daily - I showed the daily doji correlation early yesterday (blue dots). Overthrow and negative divergences are apparent. Doji hammer combos are really not good. The holiday weekend is here. Today and especially Tuesday should be interesting. 

More to come below. 

Have a good holiday weekend. 

GL and GB!

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