Friday, July 31, 2015

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!

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