Morning Charts 05/09/14 SPX /es

REV 16:15 Look, I come like a thief! Blessed is the one who stays awake and remains clothed, so as not to go naked and be shamefully exposed.

Revelation 16:4 – And the third angel poured out his vial upon the rivers and fountains of waters; and they became blood.

Blood red river in Switzerland just one of many worldwide

I think you get my point. Are we clear? Crystal.

On to the lie -

They tried .... and failed (again and again and again and ...).

Blue falling channel resistance and 1874 resistance dominate driving price down into the STB red diagonal of death which is now all the way ABOVE 1855. That is not good at all. Not much else to say really that I have not been saying for the past two weeks. I like down but fear up. They have to ramp it and get cushion above rapidly rising critical support, or they crash it enough to generate enough fear to un-taper and increase QE.  That's all there is to it. Charts and every metric you look at (not government produced) are more than ready for a complete meltdown. I did lower rising green wedge support yesterday, so we could be working off a busted support and backtest scenario.

Support goes 1866, 60, 56 (critical STB RDofD), 53, 47 and 44. 

More to come below.


May I suggest for your viewing pleasure today - The Players Championship

If you have not shared STB, please consider it.

GL and GB!

Morning Charts 05/08/14 SPX /es

Is it any wonder net neutrality is coming and they are talking about censoring the net? Let's look at Drudge Report this morning. Here are the links in the left side -

Pelosi misses Lerner contempt vote for fundraiser...

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Cruz Releases List of 76 'Lawless' Obama Actions...

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More Businesses Shutting Down than Starting Up...

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58 Million Working-Age People... Not Working

Record Low Number of Ages 25-29 Employed...

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YELLEN: WE MUST PUMP...

Yup, I'm pretty sure that these items (and most of the rest on his page) are things that 'they' really don't want you reading or to have easy access to.  The nanny state must protect you from yourself and all the bogeymen that are out there. Lord knows you are not capable of taking care of yourself. Remember is was not just a couple of months ago the thought police were almost placed in news rooms around the country to control news flow to the public, but for some reason they held back on this action. Yes, that really happened.

and the headline -

OBAMA WARNS OF 'DYSFUNCTION'

Tell me something I don't know potus. OBTW weren't you supposed to be the savior with all your hope and change BS from 6 years ago? And what did we get? Not just more of the same but even worse than before? A gazillion lies and illegal actions define your presidency. You are Captain Dysfunction. You know it. It is your job and you have excelled at it.

Dysfunction? That's being kind, or let's say liberal. How bout completely F'd up? That sounds better to me. Of course I won't be able to say such things in the overly thought policed future, so I better let it out now while I can. It would surely be a strike on my soon to have internet license if I were to say anything negative or that could be construed as derogatory. Dysfunction is just what you want and have striven for mr. Kenyan muslim potus. Congratulations, you have almost achieved your personal mission of destroying the nation.

We're headed down a path that will only lead to one thing - revolt. Revolt will lead to marshal law. Marshal law will lead to revolution and that will either result in us saving the country or becoming the Agenda 21, one world government, fascist, corporatocracy we seem to be destined to become.

Dysfunction is their tool of destruction. He's telling you, in your face, he's gloating in the fact that he's winning. They are breaking down and destroying everything that is sacred to our being as a nation. They have us divided right down the middle. Divided we can not function as a community and they will maintain ultimate control. We must come together to defeat their rule and restore liberty and freedom.

It is time for all of us to open up to new ideas and become less centric. I'm not saying leave your beliefs behind, I'm saying express them and let them be heard, but be willing to listen to others and maybe be willing to bend enough where we can start giving more and taking less. Become a bit more ... Christian. Then we will take the power back and become the nation we're destined to be. When we come together they lose. If we don't our future is not very bright.


On to the lie -

Whatever? I've been saying almost the same thing for a few weeks now, bust it up or take it down. I like down but fear up. Blue falling channel resistance in the 1874 to 78 area has dominated price. They either take it out or its over. Markets are very nervous. Their old tricks for rampage are not working anymore. Now price moves to the next STB point this morning blue, green, yellow at 1874 s/r, and all we can do is wait to see what happens. I'll say it again, you can plainly see the reaction of price as it tagged the STB red diagonal of death below yesterday, blue channel is driving south and there is all sorts of nasty ultra critical support inside this channel that can't be crossed. They must force price up and get some breathing room or they stay on the verge of collapse. Add to the blue falling channel a new apparent yellow falling channel assisting wit the downward pressure. This technical situation added to all the neg divs and resistance combined with everything political, financial and economic is the witches brew for final disaster.

Minis 30m - If I had to guess I'd say they really want to maintain price around 1866 now and let it consolidate while they figure out how to ramp it.

More to come below.


Have you shared STB today? If not please do so. 


Have a good day.

GL and GB!

Morning Charts 05/07/14 SPX /es

Remember my stealth inflation post quite some time ago? The one where I recalled a conversation with Mama STB over a can of tuna and why it contained more dark meat of less quality and it cost more. In that post I also addressed my beloved snickers and breakfast bars magically shrinking in the same packaging none the less. Stealth inflation is real and is hits all of us. 

Well this morning ZH has  Bacon's Stealth Inflation - Pay The Same (For Less). Funny how the Fed claims there is no or little inflation. Their 'crapacity' is inflated as well. It seems they can dish out more BS about no inflation faster than my snickers bar can shrink. When will the lies stop? Never, cause they can't. Not even after we are in the streets turning America into something that resembles Greece will they stop lying. 

Of course in this 'recovery' phase where everything is coming up roses, I guess in the new normal such inflation is supposed to be a blessing. The “Economic Recovery” Continues: Businesses Are Being Destroyed Faster Than They Are Being Created and The Death Cross Of American Business need to be read in context with the above bacon post. You need to take in the thought that everything is geared for corporate welfare and everything else in this recovery is of little consequence.    

Somehow Feed the Beast and starve the rest became their concoction for growth and cure all for the economic 'recovery'. Somewhere since 2007 everyone other than corporate got left out of the recovery equation. No problem, right? LOL

I can rail on the Fed, their focus and lies for hours (I've done it for 5 years now). No need to impart more pain on you having to hear me rant when you know the situation as well as I. We're all so far beyond the BS. Bottom line is the corporatocracy has taken rule. Everyone and everything else is being sacrificed for the good of the great. It is no secret that they control DC and whatever they want or need will be met before the rest of us  - - - no matter the ultimate cost. 

This falls right into the Agenda 21 plans of the elite for those of you not in the know and still in the doubt phase of the UN's plans actual existence. This works well with the tyranny that is being established in this country and in the overall global dominance meme. Pay attention to what's developing folks. Things are not headed in a positive direction for freedom and liberty. Were headed down a road towards global serfdom. You could say we're shrinking just like that bag of bacon. 

On to the lie - 

I like down but fear up. they have to ramp it to get room above critical support or reach it if they can't and generate enough fear to un-taper and up QE (stealth or not). Been saying all that for a few weeks now and will continue till we get their next move. 


Minis 30m - Blue falling channel resistance held again. First the rising yellow channel into this resistance failed and now the green rising wedge into the same has failed. Green rising wedge support busted yesterday and is now backtsteing that. The 1874 -78 area I've been so focused on for over a week now has been a veritable wall against rising price. The red STB diagonal of death lies just below. There is a potential STB point tomorrow at 1874 green/blue intersection.

Hold on to your hats folks. this is about the fourth bearish incident in the last few days and things are primed for a tumble. If the do tumble Pandora's Box gets opened to all sorts of horrific technical scenarios. Again, I like down, but the Fed sees all this as well, thus I fear up.

More to come below.



Have a good day.

GL and GB!

Morning Charts 05/06/14 SPX /es

Just a few charts this morning -


SPX Weekly Indicator Chart - She's breaking up right in front of our eyes. Those cracks in weekly indicator support are more than telling. When the weekly chart decides to get its house right that usually means a very large move south. In this case they can't afford any move south, so it's a battle between natural forces and manipulation now.

SPX Monthly LT Cycle Chart - Pretty simple. There are monthly negative divergences, in an overbought market, at historic highs and no I have not nor will not adjust the target box. Just follow the indicator support diagonals to the yellow boxes. We are out of time.

Minis 30m - Green rising wedge into upper falling blue channel resistance. Inside all of that a yellow rising channel showed up to the party. It ran to blue resistance and failed there. Price is now backtesting busted yellow support at blue resistance which makes for an exceptional turn point.

Minis 4hr - A larger view of the above. Battle with upper blue resistance. Who's gonna win. the green rising wedge or falling blue channel? We will know that answer by the end of the week. As I've said I like down but fear up. STB has been all over the market for some time now, but we're hitting a point where big decisions will be made. Blue resistance gives way and new ATH will be in the cards. If green fails and blue wins then eventually new ATL's will be in the cards and the top is most likely set.

ToS SPX Daily - Just a real clean look at it,

More to come below. Most know what I'm thinking. They either have to ramp it here or they need a massive fear inducing correction. I like down but fear up. I'm in wait and see mode. We should have the answer this week.




Have a good day.

GL and GB!

Morning Charts 05/05/14 SPX /es

Ukraine and a lot of Fed speak this week should be the main market movers. I suspect front running may be to the downside as nervous markets begin to weigh in price. There is all sorts of major support inside this falling blue channel we've been monitoring for a couple of months now. We've discussed this daily for quite some time. My position is they must ramp it here or they risk a serious move south that could force the end of taper and expansion of QE to constitute the last desperate act to save the market. Too early for a massive move south just yet, but a catalyst can happen at any moment and send markets flashing. Bonds are telling the tale and gold is as well.

On to the lie -

Minis 4hr - Looking at the bigger picture, the falling blue channel, STB's red line of death just below along with major support thick blue, yellow and red dashed. Sub 1830 and it could very well be game on.

Minis 60m - Rising green wedge running into upper blue falling channel resistance ran into a brick wall and price is now challenging green support and 1866 s/r. Failure here should not be an option for the Fed, but it may be actually out of their control as momo swings to the bears side. That 1874 - 78 resistance range I spoke os for the last week and a half may have done its job.

Minis 15m - A closer look at just how close we are to the STB red diagonal of death. 1853 is critical now.

SPX Daily - Just absolutely nasty. Ready for a major move south if they can't generate another overthrow of the negative divergences.

More to come below.


Enjoy the week,

GL and GB!

Open Weekend Post 05/03-04/14 SPX /es

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

Man, I've been harping on this all week. They have no room to fall and must ramp it or else, cause the falling blue channel leading into all sorts of major support just below is riding up their backside. I prefer down but fear up.

Minis 4hr - I could go for a triple top here at 1886. Neg divs are all over. I could really go for a top call here the way they are struggling for ramp action in this very nervous market.

Daily SPX -This chart is VERY bearish.

I'll update the chartbook this weekend and post some stuff as it develops.




Have a good weekend.

GL and GB!

Shanky Classico! Morning Charts 05/02/14 SPX /es

Wow, ZH looks like it is full of fun and joyful reads this morning. Let's check a few out shall we.

How bout How And When The Bubble Finally Bursts: Jeremy Grantham's Take for starters. The title has more bark than the post. I guess the old man that's been further ahead in calling the demise of the credit bubble than anyone (he's one of the first I really started to like in the 90's), and apparently this late in the game he not at a point he's ready to rush things along. JG thinks, "But I believe it probably (i.e., over 50%) will not end for at least a year or two and probably not before it reaches a level in excess of 2,250 on the S&P 500." Personally, I think the dude has lost it.

Maybe this is why JG thinks what he does - Financial Engineering: If You Don't Like The Free Market, Change The Rules. In what is yet another timid post with a hyped headline we get a sissyfied MSM worth recap of bond manipulation. TD, this was not worthy. This is a big softball if you ask me. ZIRP risk ON bubble - I get it - now how about some meat with that story? How about some NSA and administrative intimidation with insider action and a few bankers going 6 feet under? Let's skip the soft ass ZIRP tea party and get to the really good stuff. Screw the bonds did this and that and .... really? We're waaaaay beyond that now.

Next would be "Weaning The Stock Market Off Casino Capitalism Will Be Anything But Pain-Free".OK, this post is a winner and should be included in every addition of Stock Markets for Dummies ever printed. This dude bats like 1000 in this post with hit after hit coming in rapid succession. Try this, "But did any responsible adult really believe there would be no pay-back for all these years of the Fed’s force-fed gains? If you do, you probably also believe foie gras grows on trees."This post gets STB's seal of approval.

And most recently - Whopping 288K Jobs Added In April, Far Higher Than Expectations; Unemployment Rate Tumbles To 6.3% - I'm not even going to entertain I guess JY had a bet with someone that even at 70 she could make something achieve morning wood - and the aftershock - when she took the mask off - was to be expected. AHHHHHHHHHHHHHHH!

On to the lie -

Any wonder now why I've been on a fence not knowing what the heck is going on? There is more shit in play here than at a porn party in Hollywood. And this ain't no B grade party. This is all A list stuff. Major players in the game.

Minis 4hr -

Minis 60m - Can they take out upper blue channel resistance? Bottom line is they have to or else IMO. I've been discussing two scenarios up and down. Price is at one of those either/or points. I guess it is all a matter of what they want here, so all we can do is watch and wait.

Minis 30m - After my 1844 call hit the focus went straight to this 1874 - 78 area and here we've been stuck for days. Even the morning wood was taken back this AM. That water must be really cold up in the 1880's.

More to come below.

Have a good weekend.

GL and GB!

May Day Morning Chartapalooza 05/01/14 SPX /es

What could be more appropriate than the celebration of May Day in these times where apparently a new one world religion push is coming (this is not NWO or one world government), Christianity is constantly being persecuted and Islam is spreading like wildfire?

May Day - As Europe became Christianized, the pagan holidays lost their religious character and either changed into popular secular celebrations, as with May Day, or were merged with or replaced by new Christian holidays as with Christmas, Easter, and All Saint's Day. In the 20th and continuing into the 21st century, many neopagans began reconstructing the old traditions and celebrating May Day as a pagan religious festival again.


Nice, "celebrating May Day as a pagan religious festival again." That's just special isn't it? Well with this "holiday" comes a break of sorts I guess. Futures Lethargic With Overnight Ramp As Half The World Takes Day Off  "It is May Day, which means half the world - the half where welfare contributions to one's standard of living are off the charts - celebrates labor, or rather the lack thereof, by taking the day off. Which means virtually all of Europe is closed, as are Eurex and Euronext futures, and most European markets expect the UK." Party on Garth!

With that going for us let's just move along to the lie -

Minis 60m - Upper blue channel resistance. Past three days we've been looking at the 1874 to 1878 area for resistance and here we are. If this resistance goes the march to 1900 may not be stopped this time.

I'm thinking one of two things - First, critical support is all up their backsides here so they need room. This thought would imply they simply ramp it from here. Or second, they can't ramp it and need moar stimulus so they tank it enough to generate enough fear to un-taper and increase QE in some manner thus crating the double whammy sort squeeze liquidity infused ramp. I don't know. Those scenarios cover the lot. Yellen was little help yesterday as far as giving us any clear direction on policy IMO. 

SPX Daily - Negative divergences persist as price levitates. This really is amazing. Could they be about to overthrow the massive neg divs again and take us even deeper down the rabbit hole? One would think this impossible, but after what we've seen over the past four years, I have complete confidence in their ability to do anything they want. Follow the green rising wedge. I think this is the end - as in end - formation.

Comparison Chart - Throw 'em all down in one place and see what you get - well it may not look like much, but the COMP and RUT are falling off a cliff and I'm not so sure anyone is really paying attention. After the 'bunch' which STB loves to mark tops things have not been so rosy.

SPX vs. Bullish Percent - Wow is about all I can say. BP falling off the cliff now in the biggest neg div to price I may have ever seen. See top right. Sorry not updated.

CPC - Always worth a look. Is price rising and CPC weakening supposed to happen? Ah, the new normal!

RUT Daily - The world's largest ever overthrow of a rising wedge. Someone please call the folks at Guiness World Records and get them in the book please. See yellow boxes on MACD - this one's top should be set.

10m SMA Chart - Ya know, I got no clue how they do it.

SPX Weekly - I'll be massively disappointed if this failure time frame does not work out.

More to come below.


Have a good day.

GL and GB!