You know the drill, share the love and the knowledge.
STB can't wait to be back at the Com on Monday. Till then I should have some time this weekend to catch up and get some reading done. This is gonna be an awesome year (not so sure if that is a positive statement or not).
Minis from Friday - Looks like that pink support line and 1833 are both in play - at least at the close on Friday. The weekend may have something different to offer, who knows?
If you see it post it.
Have a good weekend.
GL and GB!
Early or only post - not sure yet as this is a travel day for STB.
Here is the minis from after the close yesterday - Looks like the 1810 area then 02 are the next support levels. Blue (backtest), green (support), peach (backtest) and then the red diagonal of death (ultimate support).
Have a good weekend. OWP will be up at 4:00.
GL and GB.
I don't do predictions posts, but I hope to have my thoughts together by Monday for 2014. Pretty sure I will call this the year of conspiracy fact where the truth is finally revealed, all will glimpse reality and either accept or reject the new paradigm. It's gonna be a wild election year with everything on the line for the libtards (it's gonna get nasty). Will the markets have a real correction in 2014? Gold? Dollar? Oil? How bout some supersized FF's? Bail-in America? Nanny/police state/gun control? Will we finally hit the streets in mass protests? Will they shut down the internet? So many questions.
About all I can do this morning is laugh - the holidays are gone now, the great Xmas/NY distraction is over, everyone is back at work Monday, "they" have nowhere to hide now and the mountain of shit that can not be ignored
Want to see the BS that happened in the minis overnight - the ramp up and subsequent 8 point gap down? When was the last time we had an 8 point gap down in the minis? Thanks to "them" we now have a 6 point ope gap above our heads. What a crock of shit. IMHO this was completely intentional. Nothing more than a move to emotionally screw with the few real investors that are left in the market.
Minis 30m - here is what matters 1833 and that old dashed green diagonal. If they go the elevator ride begins south. The holes are massive. 10, 97, 71 and 50 are your major support points today.
Minis 4hr - This is about to get real folks. I sense a lot of fun about to happen both in and out of the markets. A whole lot of satisfying and unsatisfying events are about to roll in in rapid succession.
This is about to get really real!
Have a good day.
GL and GB!
Happy New Year!
GL and GB.
SPX Daily chart from this day last year - It was the perfect end to the final rising wedge. It was the technical moment that should have been but wasn't. I still contend this was "the" top.
That of course begat this obamination of BS - The E and D points were shifted to the right. I hung on to the wedge as long as I could and then it just got stupid from there. Congratulations, they are entering their unprecedented 4th technical overthrow.
You've heard me recap all the overthrows and QE4eva hundreds of times. We've discussed at length the lies, manipulation and how they can't even let the markets correct now. Will this be the year? I don't know, but I do know that with every passing day some sort of real recovery becomes that much more difficult. More on all of this next week as I try to figure it out.
And here is your usual New Years gift from STB. Many thanks to all for another great year on the blog. It's a long hard fight and I appreciate you all being in the trenches with me.
ENJOY!
Happy New Year!
GL and GB!
No commentary this morning.
Minis 4hr - The third iteration of the rising green wedge. You can see the first two busted wedge supports as dashed green diagonals.
Minis 60m - And the upper yellow rising wedge that suspiciously broke support last night before reaching the upper green wedge resistance. 1823 and 1810 are support and 1851 is resistance. That's a very wide range.
More to come below.
Have a good day.
GL and GB!
You know the drill, share the love and the knowledge.
If you see it post it.
Have a great weekend.
GL and GB!
10y over 3%? Might be time for the Fed to divert some resourses from the BTFATH?
Bull/Bear ratio worst ever?
Probability of a crash is soaring?
Twitter, which makes nothing and has ZERO profit is in the top 20% market cap for the SPX?
Employment? Debt? Shall I continue?
What could go wrong?
STB will remain bullishly in the bear camp
Charts to come below.
Have a good day.
GL and GB!
