Morning Charts 04/09/14 Hank Aaron SPX /es

As a child growing up in the ATL I was fortunate to have a national sports hero in my hometown. I can tell many Aaron stories having met him numerous times, enough to where he knew my name. I was 10 when he hit 715, at home, preparing to go to bed and catching the game on the TV in my parents room. I was the only one in the house that saw it live. It wasn't a second later that everyone in the house knew what had happened cause of my excitement. This is a moment of my life that I will always remember, and will more than likely be one of those final moments that passes in front of my eyes as I cross to the other side.



Innocence, what a time, the mid to late 70's. I bring this up to note the erosion of baseball can be directly contrasted to the erosion of the our markets (and country) over the past 40 years. I hate baseball now. Can't stand it and may catch a game 7 of a playoff series only cause I'm pretty much a sports nut. I lost my love of the sport when they had the strike. As a young man I did not get how a bunch of guys making millions playing baseball of all sports could have the gall. (I'm not going to get into the whole debate about ownership and all that.)

Now we have a new steroid based age of baseball where the new home run kings were all dosing, or should we say, cheating. The lack of regulation and the power of the players union controlled how the game was policed, or should I say not policed.

Contrasting to the markets today, unregulated, Central Bank driven; the players have taken over the game. The honesty and morals of what was the holy grail of capitalism has eroded to a corrupt, manipulated era of where cheating is the only way to play the game now. In a way baseball needed the steroid driven long ball era to save the sport from the NHL's fate of obscurity. Today the markets must have the QE era to save everything they've falsified over the past decade or more.

Baseball is now regulating the sport, they've eradicated cheating and it is still alive and actually making a comeback. Hmmm, novel idea, but what if they decided to regulate the markets? Nah, not possible.

On to the lie -

The waiting game. Waiting on the inevitable end to come. Tinkering under 1900 and above critical support, it appears that the volatile consolidation from 1833 to 1900 that we've experienced over the past few weeks may be what we need to get used to.

Minis 4hr - Potential formations exist, but after a great fall the markets need to find their form and settle in. Right now price is in old pattern parameters, but has not yet carved out a new formation. You can see the upper and lower resistance of STB's long term rising red wede of death are controlling the highs and lows. 1844 (beige) and 1833 are a key areas. The thick blue rising diagonal is LT resistance off the 2009 lows. IF that blue support and the red rising wedge fail, it could (and should, be game over. That's how close we are to technical death here.

Minis 15m - A closer look.

SPX 60m - The tops are all very telling, not as much so for the "impulsive" bottoms. that speaks volumes to me. At least this possible bottom, like the last, has some sort of semi-technical merit.

Minis 1853 is next resistance.


Masters starts tomorrow!

More to come below.



Have a good day.

GL and GB!

Morning Charts 04/08/14 SPX /es

It's hard not to think that the real possibility exists that one day we're gonna wake up and it's gonna be game over. Like, poof, done, the end. The house of cards will simply collapse. 

That thought is honestly not that far fetched. When you get to the point where all the experts readily admit the game is rigged, then how far could you be from complete meltdown? I suggest you read, The Father Of High Speed Trading Speaks: "The Market We Created Is A Casino; A Complete Mess; A Rigged Game". 

So how do you exactly take an unregulated rigged market back from the mafia that controls it? Not exactly sure how that's gonna happen when the government and justice department are just as corrupt. 

I guess we're screwed huh? 

On to the lie - 

I'm not freaked out about this fall quite yet. Close, but not yet. It is making quite a bit of headlines. Indexes turning red for the year is being duly noted by the MSM. Funny, it's almost like they are stirring the pot, mocking and throwing barbs at the Central Bankers challenging them to come back to the table. Fear does not exist at this time, but like Yoda said to Luke, "You will be afraid. You will be." One day everyone will be terrified, and that will happen in the not to distant future. 

Minis 60m - Double or triple bottom - is the 1833 area their max pain threshold?Not sure, but I do know that 7 points below this is the STB red diagonal of death at 1826. That my friend is what I believe everyone is watching.

More to come below. 



Have a good day.


GL and GB!

Morning Charts 04/07/14 SPX /es

Time for the grand reset or worse? I think most would agree when you elect a lying and fawning puppet like our current potus, a great country like this has reached the top (or bottom) and is long overdue for great and expansive change. Heck, we don't even have any talent in the wings, left or right, that's worthy of holding the presidency.

It's so sad that this nation has lost all of its morals and positive direction. Somewhere along the way (1913 and 1963 to be more specific) we traded in our moral compass in exchange for the selfie based greed system. Basically you can say we traded God for a credit card as a populace, and as for the government, even worse, they may as well have traded God for the devil. Instead of a spiritually based nation, we're now greed driven.

My first post of 2012 was all about how God is now dead to America and how lost we were as a nation. I believe that observation holds more true every day as we move forward. Just show me the money! I want my Escalade with spinning rims, neon underlights and a sound system that will disturb everyone in a one mile radius. I want my Mercedes cause everyone else has one. Give it to me cause I deserve it, not cause I worked for it or earned it, but I want it given to me cause I'm an American.

I suggest you read And The Next Big Thing Is... Degrowth?. I used to talk cycles a lot back when I first started the blog. All types of cycles can be used effectively in all sorts of analysis. Of course that only holds true when dealing with a natural system and one that is not rigged and manipulated, so naturally I stopped discussing it till now. I'm pretty sure everyone here remembers the standard business cycle trough, expansion, peak and contraction. Let's just say we peaked in 2007 and have attempted to delay contraction. Of course this is economically impossible as we're discovering. 

Our $16 trillion Keynesian experiment at defying the top of the cycle is proving to have been futile. It is a blatant display of arrogance and will be the death knoll of this nation. Instead of admitting defeat, taking our medicine and letting standard economics follow its natural path, we had to prove we were greater and more powerful than mother finance. This, like messing with mother nature, was a huge mistake.

Cycles, they come and go like clockwork. Nation states rise and die. I'm 100% positive that just like the Israelites in the time of Moses, we too are about to be sent to wonder in the desert for 40 years for our sins. The question is, what do we return to when we're allowed to cross the river back into the promised land? 

Top, yes top, this is a word that you should be hearing more of, but the controlled MSM is not about to risk its fate to tell the truth and defy its advertising lifeblood. We're topping (or bottoming) out right here and now. What should have ended in 2007 has been extended an extra seven years. What does $16 trillion in additional debt, TBTJ and endless entitlements get you at the top of a cycle? Absolutely nothing and that's being proven every day. 

When you drive the global ponzie with your world reserve currency and the world starts to balk at your control of the system and stops buying (UST) into it, you're in deep shit. Of course we started printing at this point and the rest is history. Things are about to seriously change in America. Times are going to get really, really tough. We're going to have a civil war/revolution/social unrest period soon that will finally take us to the bottom. 

This will happen after the great false flag. The coming great domestic terror event that will make 9/11 look like a rookie move in the terrorist trade. Of course just like Benghazi, Syria chemical weapons and the recent sniper event in the Ukraine their ploy will be seen for what it is. Following this event they will immediately come after ALL of the retirement savings of ALL Americans. This will be of course to fund the "war effort". 

They tried to take the guns and could not, so they went after the ammunition. Remember they control the power, food and water. I've been telling you for years to get out of the dollar and prepare for the worst. Time is running out. I believe our path is clear and can not be altered. I just hope that in the end we can take back our country and restore it to the great nation it once was. If not, the globalist elite win and the UN Agenda 21 one world government win, and that will suck. 

On to the lie - 

I still content the charts will get it right and between now and June it should end. If Friday did not mark the top, they can't push it much higher. SPX 1900 is so close I would be very surprised if they did not capture it to past one last psychological barrier to drive the last sacrifice for the last bull trap.

Monthly SPX - See the yellow boxes on the indicators and their diagonal support. Also note the extended negative divergences and the overbought conditions. If you are a tue believer, but remain scared I'll say this - If you are not out by the time the 10ma crosses the 20ma on this chart you will possibly lose everything - either to failing markets or confiscation.

Weekly SPX - 1450 is coming and will be here sooner than you want it to be. Let's just say I think it will come in a  "flash". Again, yellow boxes and negative divergences.

Minis 60m - I'll get into more detail below and tomorrow on this. Purple near term support is gone and the red line of death below at 1826 is rapidly approaching. 1844 support below is key. 

More to come below. 



Have a good day. 

GL and GB!

Open Weekend Post 04/05-06/14

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

If you see it, post it.

I'll update some charts and get caught up on some things. I'll post anything I find interesting.



Have a good weekend.

GL and GB!

Morning Charts 04/04/14 SPX /es

NFP, the only question about this is, what number do they want? It's that simple. They know in advance cause they print the number. It is not naturally generated. Nothing is natural or real anymore. Our financial world is a completely fabricated reality where fantasy veils reality. The 'living in the Matrix' jokes and references, aren't so funny when you come to the realization .... they are real. 

So, 'bad news is good news' happens as they desire -March Payrolls Miss 192K, Below 200K Expected, Unemployment Rate 6.7% Above 6.6% Expected and the market's reaction to the bad news - why the minis hit a fresh new ATH on the MISS!

This manipulation is done for multiple reasons. First and foremost they've rigged the system to mask that every government and Fed policy over the past 100 years has been a complete failure and they are now gaming the system for their (government and central bank) survival. They've rigged the system to suck up as much wealth as possible. They will not stop till the turnip has been bled dry. 

Of course this means the transfer of wealth, all wealth, from the poor and middle class to the 1%. This means that we've all become debt serfs to the state. We've evolved to be no more than slaves to generate taxes to keep them and their system alive and well. Your journey is so they prosper.

Might I suggest you take the time to watch this oldie but goodie today or this weekened. 



So we continue to trade in a world of rigged markets on false data to serve their survival, and no one sees anything wrong with this? 

On to the lie - 

So STB dodges ANOTHER top call bullet. I really need to change my name to Neo. Easy peasy folks. Just believe in a 100% rigged system. A system that can not even be allowed to correct. I do believe we're close. May/June should be the time frame and the STB "event" will come with the top.

Minis 4hr - Busy I know, but find the purple rising channel. Price is at the 50% diagonal of that channel which should be considerable resistance. 1892, so close to the round number. Do they get it there today? You know they want it. Cash should, as for the minis, I'm not so sure.

Minis 4hr - close up - The right shoulder launching pad. Wow, how many times over the last five years have we seen this action? Perfect bear setup just destroyed. Edge of doom pullback to fresh new ATHs.

 SPX Daily - when it goes, it goes big time.That's a year long negative divergence in bullish percent by the way, and we're in out fifth CONSECUTIVE technical overthrow of what should have been topping conditions.

More to come below. 





Have a good weekend. 

GL and GB

Morning Charts 04/03/14 SPX /es

It's all so stupid. I guess every empire dies. We've read the stories of the past. We've studied history. It's just wild seeing it all spin out of control. To see the ultimate effects of greed and arrogance come to fruition is perplexing. The worst part is that our founding fathers gave us the ultimate road map to perpetual greatness, and we, the greatest nation ever, even screwed that up. They warned us, they pointed out exactly where we would screw up and we did not listen.

On to the lie - 

Minis 4hr - 

SPX Daily - 

SPX Weekly - It's almost over. 

More to come below.


Have a good day. 

GL and GB!

Morning Charts 04/02/14 SPX /es

Run for cover? That's my question to you this morning. Let me clarify. This is not a top call it is a protection call. Bottom line is should you be getting your assets in your pocket and out of theirs. 

Should you be preparing for the worst scenario possible? Like - they are going to confiscate everything. Complete capital controls will be initiated "for your protection" one day. To think it can't happen here is ludicrous. Think Cyprus on steroids. 

I'm talking should you be getting out of the dollar and into physical and other barterable items with stores of food, water filters, ammo where you can self sustain? I'm just saying, if you have not done so already, the clock is ticking. You can either be at the mercy of the state one day or at least have some control over your situation. The choice is yours. 

On to the lie - 

Minis 60m - Small gray rising wedge has formed here, but I don't think it is complete. I think the lower support will need to be reset and allow for a larger formation to form. There is a chance the dump it back to 1866 today to backtest all sorts of busted resistance and then march on from there. There is a chance there is another rising channel that has formed if this 1880 level holds. If not and it want's the upper pink channel resistance, well then, the 1930 area comes into play. One thing about this market is you can never say never, especially in the face of the worst adversity.

Minis 5m - Here you can see what I think may be new yellow channel resistance and all the support at 1866 that may want to be backtested.

SPX Daily - It is just nasty. The term "defies logic" comes to mind.Negative divergences being overthrown with the very narrow BB's usually signals some sort of pullback - not ramp.
 

More to come below.


Have a good day. 

GL and GB.

Morning Charts 04/01/14 SPX /es

You do realize that yesterday we had several major announcements without them really being announced? Reading between the lines and deciphering Fed speak and the propaganda that's being delivered via any available source has become all to easy. 


What we were (inadvertently or not) told by Yellen yesterday was that everything that they've done over the past five years has been a complete and utter failure. They said without saying that they've created a monster that can not be slayed and must be fed (no pun intended) an endless amount of money to survive. We were told if this beast dies, so does everything along with it. 

We were also told the markets were rigged as well yesterday. Ho hum is the reaction to that.

Of course none of this is new to STB readers. I believe we were given the game over speech yesterday. Throw in the towel. The goose is cooked. Get used to it cause this is the way it's gonna be like it or not - and the markets cheered!

You see Denial, it's not a river in Egypt. Look at it this way - if some public school child thought Denial was the right answer, and that child had his self esteem lowered because he wanted it to be that way, then they'd change the answer on the test so he'd be right. Ho hum, again. 

Wait, we can't have cheating, steroids or drugs in sports, but they are just fine for major markets? There is no "hard way" anymore. There are no morals left. Every child gets a trophy. Every market must always go up. Every democrap libtard illegal immigrant voter gets a free phone, home, healthcare and all the friggen trophies they can pack into the back of their brand new Escalade with spinning rims. 

For goodness sake - yesterday was the deadline to sign up for an unconstitutional, illegal national healthcare system that feeds off the young which is destroying the current healthcare system that is impossible to sign up for - REALLY?

The entitled have won. We can't go back. We've gone beyond the point of no return. OMG things are sooooo fucked up. I seriously hope you know that you need to be preparing for the worst, cause it's coming like a freight train. 

On to the lie - 

Complete breakdown was given in yesterday's post. 

Minis 60m - inside the rising pink channel is the falling blue channel - we're hitting the upper resistance of that now at 1870, the key point I was discussing yesterday. Above are 74, 80, 87 and then the round level.

This is all so stupid. 

More to come below.


Have a good day.

GL and GB!