Sunday, December 30, 2012

Happy New Year!

Quick post I may add to, not sure.

To cliff or not to cliff and how will they paper is over. Government runs out if money (again, again, again) tonight.

Charts say the cliff will be steep and deep (like what the STB's are skiing now).

Daily SPX - If this is a top, like I have been saying, the game is over, and the markets are heading towards a world of hurt.

And your usual New Years gift from me (for the 4th year now) -

Happy New Year!

GL and GB!

Saturday, December 29, 2012

Open Weekend Post 12/29-30/12

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

No time to bitch about the cliff this morning, but just like in similar situations in the past either nothing happens till the 11th hour or they don't get the job done. Most know it is all pointless and nothing more than political positioning. Bears can't forget the market is totally rigged. Bears can't forget that the market could react with glee to anything at any moment no mattter how bad. The more the shorts pile up from the extreme bullish position, the more dangerous it becomes to be on the short side. They love to slaughter the bears, and it has become one of their best strategies for lifting the markets over the past few years.

Looks like that downtrend we were all anticipating hit. Most know I've been pretty freaked out about what might occur after the fat man came down the chimney. They held price up till Xma and now you see the results of artificial levitation. The market'sosition is very precarious for if she's beginning a three (in ewt terms) down you're looking at about a 200 point move south here and it is game over.

Minis Daily - I've been afraid of a perciptuous drop. Big Blue has cracked. The

SPX Daily - OK, first I noted the turn in the MACD Histogram. Then we waited for SPXA50 to hit 400. Qll the whille NYMO was setting a divergence. The 50/20 bear cross came and support finally gave way yesterday. Pretty basic stuff when looking for a turn. Of course that is the Cliff's Notes version and there was more to it, but bottom line is most here did a great job waiting and seeing the turn coming.

I doubt I will be around much unless the shit hits the fan next week. You will have posts.

Happy New Year!

GL and GB!

Friday, December 28, 2012

Morning Charts 12/28/12 SPX /ES

Not much to say this morning. Just waiting on the other shoe to fall with everyone else while everyone is on holiday/vacation.

A quick read worth looking at if you need to get the proper perspective on where we're headed next year and to reaffirm there is no solution to the economic puke fest  is Run-Time Error -2147418113: Catastrophic Failure. "The best that can even be hoped for now is some minor change in the rigging which may be heralded as “the fix to fix all fixes” but will be of little importance when considered in the light of day. I think the odds of any grand scheme that will honestly make a difference is equivalent to the value of a toe nail clipper when performing brain surgery." That about sums up everything I feel I need to say this morning.

SPX Daily - Yesterday the powers that be had another incredulous stick save. Cash barely held the 1420 level making a large spike thru all near term support. The chart wants to fall, but something is not letting it. Hmmmmm? STB will be watching the RSI14 and the 50 level there. The 25ma cracked and in the 50 level goes RSI will more than likely be on the way to bottom out and you know what that means for price.

Minis Daily - All the important points on a slightly cleaner chart than I usually present (cause it is not nearly as detailed). Big Blue is in a slightly different spot on this chart but close to the other I usually present.

Happy New Year!

GL and GB!

Thursday, December 27, 2012

Morning charts 12/27/12 SPX /ES

As for the claims report this morning, TD at ZH puts it best, "In fact, judging by the market response, nobody cares about BLS data anymore, period, with absolutely no response by the market following the Claims print." See the minis chart below for the dud reaction to the data report.

I enjoyed A Canadian Summarizes America's Collapse: "Everyone Takes, Nobody Makes, Money Is Free, And Money Is Worthless" and think the read is well worth a look.

SPX Daily - I updated this last night. The indicators look sick. If support gives here you are looking to at least the 200dma at 1389 if not as low as 1340 just for starters.

Minis trading very narrow. Don't take your eye off of them though as anything can happen in this algo/news driven crazy world we trade in at any moment. There is an open gap from roughly 1425 to 1428.5 that looms above all bears would like to see closed. I'm a bit unarmed as the home computer is not as well charted as the one you see every day. I'll have to chart up the minis here a bit better to get the diagonals back. We all should know the s/r numbers I report everyday by now.

Happy New Year!

GL and GB!

Wednesday, December 26, 2012

Morning Post 12/26/12 SPX /ES

I trust all here at STB had a wonderful Christmas holiday. This is an early post - I may add some more to it.

For a glimpse of our dark future I suggest you read Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed Transport.

SPX Daily - Critical support points where blue and black meet. NYMO, SPXA50 and MACD histogram are all ready. If RSI14 can break that 25ma and the 50 line that will be a good clue more downside is in store. If not, RSI may want to run to the top. No telling what we're gonna get this week with the Fiscal Cliff front and center. I'd guess the news will be bad and Obummer will speak in  his usual terms of mandates and power, thus reviving hopes that all will be well and the great backstop will always be there.

Happy New Year!

GL and GB!

Monday, December 24, 2012

Merry Christmas and Happy Holidays to All!

No market stuff for me today. Celebrating with family and friends will continue, so STB will not be around (although a watchful eye will be on the action just in case). As noted I'm a bit freaked out of what may transpire between now and the end of the year or after the first.

Holiday discussions have demonstrated a bit more knowledge about the real reality from the formerly uninformed which is encouraging. I've remained sidelined and am not injecting my perspective or knowledge base into many conversations this year. I have launched a few irresistible snide and targeted barbs, but for the most part am letting everyone enjoy the season.

I wish all a very merry Christmas and holiday season. Enjoy it while you can I hate to say, as times they are a changin and with each passing year from here forward things unfortunately look like they will only deteriorate both on the economic and freedom fronts.

The one thing they can't ever take from us is our faith. Please remember the reason for the season. I'll share my favorite seasonal quote with you one last time this season,

“And the Grinch, with his Grinch-feet ice cold in the snow, stood puzzling and puzzling, how could it be so? It came without ribbons. It came without tags. It came without packages, boxes or bags. And he puzzled and puzzled 'till his puzzler was sore. Then the Grinch thought of something he hadn't before. What if Christmas, he thought, doesn't come from a store. What if Christmas, perhaps, means a little bit more.”

― Dr. Seuss, How the Grinch Stole Christmas

I sincerely hope Santa is good to each of you and yours. Thank you all for another great year on the blog. This place's success is made by each of you. I appreciate the sharing of the love and knowledge you each bring every day. To the lurkers, I would like to encourage you to come out and comment. I'm positive you have some wonderful things to share as well.

Chart of the day -

Merry Christmas and happy holidays!

GL and GB!

Friday, December 21, 2012

Open Weekend Post 12/22-23/12

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

Well, we're still here. The world did not come to an end thank goodness. We still have a few hours to go at the time of me writing this post. If you are here tomorrow feel free to post away as normal.

Markets are in a very dangerous spot, and as you know I am pretty horrified as to what may transpire over the next two weeks when we get Christmas behind us and after the first of the year. I think were on the cusp of a pretty sizable move south.

And let's not forget the reason for the season -

"And there were in the same country shepherds abiding in the field, keeping watch over their flock by night. And lo, the angel of the Lord came upon them, and the glory of the Lord shone round about them: and they were sore afraid. And the angel said unto them, 'Fear not: for behold, I bring unto you good tidings of great joy, which shall be to all people. For unto you is born this day in the City of David a Savior, which is Christ the Lord. And this shall be a sign unto you; Ye shall find the babe wrapped in swaddling clothes, lying in a manger.' And suddenly there was with the angel a multitude of the heavenly host, praising God, and saying, 'Glory to God in the highest, and on earth peace, good will toward men.'"

That's what Christmas is all about, Charlie Brown.

Have a great weekend.

Merry Christmas and happy holidays!

GL and GB!

Morning Charts 12/21/12 SPX /ES

So far so good, we're all still here! The market tried to disappear last night, but it found it's way (well most the way) back from the flash fail as should be expected. What a surprise that was to see this morning. I told you, not till the 11th hour IF then will some sort of resolution come involving the cliff. It will happen in the dark of night and no telling what sort of shit they will pile on with it this time.

We all know that an event like the one this morning can only happen one way these days (especially after hours) since retail is DOA and the big cats run the show. They sent a signal. You need to think about GS and the banks as a mafia. The government has dues to pay so they can keep their doors open and get protection from the mob. If you don't pay, you get a warning shot or a broken leg or finger as a reminder who is in control. That's exactly what you saw last night.

Thursday, December 20, 2012

Morning Charts 12/20/12 SPX /ES

Not gonna rage and rant again this morning. The distress, despair and disgust in general is overwhelming. We're definitely closer than ever to an "event" and crossing the line into 2013 scares the hell out of me. We've started down a path that has no exit. Our destiny has been set. It is now just a matter of time before all our excess and self absorption catch up to us. The Godlessness is ever apparent. We're lost and to find ourselves we must hit rock bottom, and that is where we are headed.

The minis are in a very peculiar place. I tried to briefly address this after the close yesterday. Try to keep up, cause this will be confusing. Price is at a junction of several patterns and support resistance areas the likes I have honestly never seen before. It appears technically that we're at the top of a point (in EWT terms a 2 of a 1 of a new bear market - I hate/despise EWT. I only use that terminology to describe where I think we are) where the last exit for possibly a decade is near. If not the top of a "2" then the Fed will drive one last tile for a higher high and that will be "the" top". Bottom line is we're VERY close to the end of this nightmare of rigged markets.

Wednesday, December 19, 2012

Morning Charts 12/19/12 SPX /ES

Running late this morning, sorry.

Minis Daily - Pretty basic stuff. Market falls cause it should and it rises for whatever reason available, good or bad. There is all sorts of resistance and overbought divergences are being set up at this time. We're in a blow off top ST at this time. I don't see how they can't push it to 1460 at least at this point. I tried to hold 1432. I really did not want that to break, but it has and now we're at 44 s/r. I'm looking at 1460 area to a double top at this time if they do not hold it here at the 1444 resistance at the LT double HnS green diagonal.

Tuesday, December 18, 2012

Morning Charts 12/18/12 SPX /ES

Kinda blank this morning with not much to say. Best I simply not go off ranting till after the fat man comes. Let's try and keep this civil and not worsen any mindsets going into the holiday shall we? Let's try and remember the reason for the season as best we can.

Minis Daily - Like the charts even matter at this stage, we'll cover the moves anyway and do our best to anticipate "their" next move. Back to 1432 this morning. Most know that this is the max number I was willing to give as a restracement off the move up from 1341. it held nicely the first go round with only a brief break to 38 before falling in line and halting this latest surge. This time we have one of two scenarios. Either a pretty double top is about to be set or "they" have loftier goals in mind for price. I added a yellow channel this morning.

Monday, December 17, 2012

Morning Charts 12/17/12 SPX /ES

Ok, it hit me this weekend, no not the Christmas spirit, STB still struggling to get all jolly, but the proper quote to put it in context and what we (those not quite there) must do -

"Where do you think you're going? Nobody's leaving. Nobody's walking out on this fun, old-fashioned family Christmas. No, no. We're all in this together. This is a full-blown, four-alarm holiday emergency here. We're gonna press on, and we're gonna have the hap, hap, happiest Christmas since Bing Crosby tap-danced with Danny fucking Kaye. And when Santa squeezes his fat white ass down that chimney tonight, he's gonna find the jolliest bunch of assholes this side of the nuthouse."

Clark Grizwold, Christmas Vacation

Got it?  Press on we shall, not only for the holiday season, but we'll need to take this attitude to the markets and right on thru the economic disaster we're living out. Economically speaking you have no other option really. Crawling in a cave and giving up your guns is not really an option now is it? So make a stand and do the best we can is exactly what we'll do.

I'll assume the Christmas week trading/vacation/low volume vacuum starts in earnest today. Very dangerous time of the bears as the bots take even more control of the board virtually dominating trade (even more than usual). On top of that you can add some sort of fictitious positive news flow on the fiscal cliff issue which may be lifting as well (if in spirit only).

Minis tell the story for the most part. On the daily chart below you can see the fall and rise we've been covering since September. Pretty basic tumble and retracement stuff with a battle occurring at the white support diagonal off the October '11 lows. Price is a bit now formless after the green wedge and yellow channel brakdown. This indicates indecisiveness which can be understood with the Fed promising to fuel the fires of hell even more (to the tune of $85b a month) and on the other hand we face the fiscal cliff and the "recovery" is not going as swimmingly as the tens of trillions spent should indicate.

Minis 30m - I'm tinkering with a new channel (blue) down and not sure if I can turn the busted green rising wedge in to a rising channel at this time or not. If that wedge did bust, the set up is for an even more dramatic move south here and now. If it turns into a channel, then price stagnates with slight upside potential. White support mentioned above is dominating price here.

Minis 5m - In a rather bearish development, the Boehner Cave Pop at the open last night was taken back rather quickly. Add this to the total lack of interest in the Fed's increasing QEterity promise, and I think Mr. Market is making a grave statement. Is hope finally fading? If so, it is a long overdue change IMHO.

SPX Daily - Sorry I keep bringing this chart out, but it really does a good job right now. SPXA50 almost made the 400 reversal point I was looking for last Wednesday. The MACDaddy histogram lowering into rising price was another thing I was looking closely at. Those two things combined with the blue wedge backtest, the upper BB, the 50 dma, the NYMO and the 1422 level all generated enough pressure to turn price late last week. Now again, if price moves as it should (thinking in "normal" market conditions) a massive move south should be in order here.

Does anyone else get the feeling they are trying to combat that massive move south here? And that their efforts are failing when the trickery they are using is beginning to lose its effects? They are doing all they can to support price here and all they can do is maintain. I suspect they do maintain till the fat guy comes down the chimney and then there is a good chance we may see some panic selling into year end.

I am actually a bit jollier than I let on above. I had to go all theatrical on you to set the mood for what I was trying to get across. Kinda like that grumpy Santa in Rudolph, he came around and so did I. Ho Ho Ho.

I plan on being here all week. I may be in and out, but here for the most part.

GL and GB!

Friday, December 14, 2012


you know the drill< share the love and the knowledge>

told you my keyboard was screwed up> not sure if i got into sticky keys or what< but thie thing is typing what it wants and not what i want right now>

gl and gb!

Morning Charts 12/14/12 SPX /ES

Well, it's Friday. Today has the potential to really be a dull one with FC and holiday distractions. On the other hand there may be some real drama in store after QE4 was pissed all over by Mr. Market. Me thinks the winds of change are beginning to blow and the Fed's levitating magic may be finally running out of power. Like the Winter Warlock, Their evil powers will not last forever. Now let's just hope the Burgermeisters all die off sooner than later so we can get back to being free.

I think war watch needs to be lifted to an elevated status. I used to get so pumped with every advance on Israel, but I have learned that all in its own time. They will get their MENA destabilization and it will only occur when they are ready or need a distraction. I still contend the war is one of their last resorts and will only come after or during a market crash. the war will first serve as a distraction and second will be used to impose martial law over the continental USSA.

Thursday, December 13, 2012

Morning Charts 12/13/12 SPX /ES

Once again, STB is not feeling very Christmasy this morning. Just can't get there this year. Have you noticed how few people are wishing you a Merry Christmas or Happy Holidays on the street compare to the past? I have. Times are a changin and the social mood is not positive at all. We're bleeding out right now as a society. We're divided and siding up with our teams. This is all by plan I hope you realize and the government has us right where they want us.

OK we're thru FOMC and now this fiscal cliff thingy is hanging over our heads. Separating reality from fiction is the hard part here. What are they telling you the truth about and what is a lie? The readers here know not to listen to a word said by the talking heads or the politicians.

We all know that the math does not lie and no matter what they do to fix the multitude of problems, no real solutions are possible. We're simply too deep in debt and the entitlement state is out of control. You've heard it before - on $2t in income you can't afford a $3t spending habit, a soon to be $18t deficit and $122t in unfunded liabilities. Well, we can, but eliminating half the military budget, cutting government spending by half and appropriately taxing the corporations would decimate society as we know it.

Wednesday, December 12, 2012

Morning Charts 12/12/12 SPX /ES

Numerology day! 9 days till the 21st and 13 days till the fat guy comes down the chimney. Are you ready? Oh, and the FOMC meeting today is kinda a big deal.

So just how well is that global economic recovery going? Maybe Baltic Dry Plunges By Over 8% Overnight, Most Since 2008 will give you a hint. Oh, and in relation to the SPX - you tell me where reality exists and does not.

SPX - BDI Weekly -

Tuesday, December 11, 2012

Morning Charts 12/11/12 SPX /ES

About the most exciting thing I can come up with this morning is that tomorrow is 12/12/12. As for the markets and news, dead till the fiscal cliff is dealt with which will not be till the 11th and final hour if even then.

I refuse to write about the FC talks and issues cause that is a waste of my time and yours. In the end, just like in the past, they will do nothing to cut and increase spending. We've discussed the "math" for years now and the STB readers get it. They could balance the budget and that would still not make a dent in the debt issue. To put it (seasonally) our goose has been cooked for years now.

I could go into the currency wars with Bank of England Warns of Global Currency Wars, but that is no news as Mish says, "By the time central banks warn about something, the practice has likely been going on for years." I could cover the false flag to come in Syria and the planned MENA destabilization but that is redundant. HSBC money laundering hand slap? Like anyone is ever going to jail? If you want to know more about these just let me know below.

Monday, December 10, 2012

Morning Charts 12/10/12 SPX /ES

Ya ever been in a holding pattern waiting to land at JFK, LAX or ATL? Sucks right? Well that is where the markets are right now waiting to land after the fiscal cliff storm has cleared. It is impossible to see the runway right now and if the pilot knew what was happening in the control tower he'd just fly on by and go the the next country.

If the plane does not have enough fuel to make it to the 11th hour it better just move on to the next airport, cause this runway will not be clear till then. Just like the last three or four instances where the government tried to pull off a bi-partisan effort to actually come up with a budget where it failed miserably, they will fail again.

Actually I like the odds of a compete failure this time and the cliff being crossed. Lord knows a complete bust is about the only thing that will save this nation now from the robber barons. If we only had sense enough to let this thing go in '08 we'd truly be in a full blown recovery right now and not this POS lie fest they call a recovery.

Friday, December 7, 2012

Open Weekend Post 12/08-09/12

You know the drill, share the love and knowledge.

I don't have much to share that has not been expressed over the past week or years for that matter.

Minis are basically tracking 1405 and have been for weeks now as this rising green wedge plays out. White support diag backtest off the Oct '11 lows is driving things here I suspect. I still see little hope for upside action and am becoming a bit more fearful of reality with each passing day.

I'll be searching for the Christmas spirit this weekend.

GL and GB!

Morning Charts 12/07/12 SPX /ES

WEEEEEEE! 14 points in three minutes. Totally awesome!

Price has been bouncing around Big Blue (upper market resistance diag off the '07 top) and white support diag off the October '11 lows for about two weeks now after channeling down (blue) off the top into this multiple support area near the round number 1400. The rising green wedge is a textbook retracement move (in any "normal" market. Support for this wedge broke earlier this week after it completed proper formation.

Thursday, December 6, 2012

Morning Charts 12/06/12 SPX /ES

It is default, there is no other way of putting it and Greece is finally there. We've been discussing the coming of this for years here at STB. If it took Greece this long to get to default, then how much longer will it take the global financial system to get there as predicted here at STB over three years ago. Do the math folks. It won't be long.

What happens surrounding the default is key. I suspect the "selective" part of this will damage the consumer side and barely scratch the TBTFs around the globe. What happens in the CDS markets is most important, but it appears those have been sterilized. Funny the lack of concern. I guess it does not really matter when something based in fiat loses its value, it had no value to begin with. Either way the central cog for money distribution (think laundering and mafia) in the EU will keep the power on another day.

As for yesterday's bizzarro market action, what can you say other than the markets are totally busted and manipulated. Maybe you should read Stop-Hunting Algotron In Charge As Equities End Small Green if you need a bit more explanation. AAPL and the Q's take it on the chin but the DOW and SPX come out unharmed? Really? Are you kidding me? One word, rigged, end of discussion.

Daily Index Comparison - The DOW and the SPX are getting MAJOR intervention support over the past month. Painfully obvious.

Wednesday, December 5, 2012

Morning Charts 12/05/12 SPX /ES

Since time is short this morning I'll be very brief -

It remains all about lies, stimulus, fiat and intervention.

The GOP may throw in the towel realizing that no matter how much they cut we're so far down the rabbit hole it would not matter anyway, so why endure the pain. They may just decide to hook up to O's party till we drop attitude. When there is only $20 left in the old account it is a bit late to start trying to fix the problems. Might as well go and get that last 5th and have a good time.

If you believe the ADP data or even think it credible, you should have your head examined. For that matter if you believe anything, you should be taken out back and given 50 lashes. Of course if you are like me the government now has reeducation centers where I can go and be taught to think properly (that is real not a joke).

12/21 is just days away now.

There is a big ass sinkhole in LA you need to know about.

Your government is totally out of control.

I can't find the Xmas spirit this year. Has anyone seen it?

Tuesday, December 4, 2012

Morning Charts 12/04/12 SPX /ES

It feels like a Friday for some reason. Maybe I just know that everyday is gonna be a wait and see event till the FC issue is put to bed. It is pretty clear to me that Congress will not solve anything and O will decree a final result via his powers. Well, that's what I am thinking at least. The markets are holding up in a manner where they know for now that the FC will be averted or if not it is immune to any economic pitfalls that may be a result of an FC failure.

That made no sense did it? How can the markets be immune to an FC failure leading to furthering the economic malaise? Cause the markets are RIGGED! Not till the catalyst that leads to my "event" that causes the Fed to lose control will this shitbin they call a market finally fail. And fail it will one day.

Elections here, austerity there, bailouts galore, fiat printing saving everything, they have only one strategy and that is to spend their way out of this mess. Apparently debt is no concern to the idiots running the asylum. IMO you need to understand that unless some new technology comes along that will drive employment and consumption we're dead in the water.

The problems with new technologies are that they are efficient, usually not labor intensive to produce and usually create efficiencies lowering labor usage as a result of their existence. Like I have said over the years, not until the minimum wage is lowered to a point we can put people back to work and be competitive again manufacturing will this financial crisis end.

The global ponzi is dead. Our duty in the global ponzi as the great consumer is dead.  We must go backwards now and become competitive globally. Without jobs we can't move forward. We can't have jobs though cause this would be unfair to China and India and the like.

So there is our catch 22, China and the like were buying treasuries supporting our welfare state so we could buy all its lead laden trinkets made by slave labor. Now the Fed is having to soak up 90% of new issuance and China is a net seller of treasuries, but we still can't work cause it would be unfair to the rest of the world. We're not only supporting the welfare state here, but we've actually created an entitled planet that relies on our addiction to debt and shopping to support everything.

So the rest of the world bled us of our jobs, gave us money to buy their shit and now have stopped giving us money. The circle is broken and we're F'ing stupid enough to print, print, print to keep the cycle going after we've been left high and dry. Now we can't afford to make anything cause our labor cost is so out of balance with the rest of the globe. So, in the end we must lower our standards to get back in line with the rest of the world, and thus I say not till minimum wage is lowered will we ever be able to compete and put people back to work.

How much pain will that cause? How freaked out will the entitled state be? Shuh, its gonna be nasty when austerity hits the USSA.

Daily SPX - When the turn back in November happened other than oversold conditions the only real (IMO) signal was a change in the MACD histogram. Here we are again with the Hist having its first lower/higher candle. The other indicators appear to be pausing as well. The 50 dma and 1422 resistance in conjunction with a backtest of the busted blue wedge support are hindering price's advance here. The near term wedge is ending at the 61% retracement of the fall from the 1474 top. That is a lot of headwinds. Throw in some FC uncertainty combined with not so favorable economic data and projections and add the EU and MENA and the mix is not all that favorable. One thing I like to watch here is the SPXA50. I would like to see that hit the 400 level again, but that is not necessary.

Minis 60m - I covered the reversal point yesterday morning, now we hit first support. White diag of the October '11 lows is in play here with near term green support and just above big blue. Kind of a minis STB point right here at this intersection. They either stick save it here or things get worse again. I still hold 1432 as all I want to give to the upside. I am still bearish. I am still cautions to a move in either direction and contend this is a dangerous place to be playing one side or the other. The green NT wedge has completed and should breakdown here, but they could push it up one last time. Just be careful.

Have a good day.

GL and GB!

Monday, December 3, 2012

Morning Charts 12/03/12 SPX /ES

Frustrating isn't it to be a realist grounded in fact and not being able to laud the markets prowess due to the Fed's eternal backstop? So here we sit with the so called fiscal cliff upon us, the Fed soaking up over 90% of new treasury issuance and the SPX is back over 1400. All is well folks. Buy, buy, buy! Go spend till that CC you have is maxed out and we'll send you another.

As for the fiscal cliff, just like the last three instances were called on this blog, an 11th hour solution is the only way anything happens in DC. They will BS and bicker posturing like peacocks all the while getting absolutely nowhere in the worlds greatest pissing match, until they have to. All investors can do is sit and wait.

What a sad scenario, to have the nation held hostage to a bunch of self serving special interest driven stooges. If you think they are fighting for you think again. They are playing the game waiting on the Fed to write the next big check nothing more. The saddest part of the whole scenario is our representatives are bleeding the country dry, basically committing assisted suicide, and they all believe they are doing a great job. Nothing happens, absolutely nothing till the 11th hour. And if you ran your business that way? Shuh right, you would be in the same boat as the government.

Friday, November 30, 2012

Open Weekend Post 11/30-10/02

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

Quite interested to see how they resolve the FC issue. Also want to see if they really pulled Greece off or not. They've gone from dodging knives and arrows to sidestepping nukes. One slip and ........

An oldie but a goodie -

Y'all root hard for my Dawgs Saturday night.

Have a good weekend.

GL and GB!

Morning Charts 11/31/12 SPX /ES

So we get to spend another day waiting on the next soundbite to charge the market in one way or another. Funny, as bad as it is, as awful as the situation can be, the markets are charging ahead knowing that the cliff will not be breached. No matter the negative future consequences of whatever impractical solution they come up with, as long as they are solvent in the near term is all that matters. Short minded? You betcha.

If you are one of the few not conditioned to praise added debt in the name of future progress, you may need to be admitted to a reeducation center. You are not properly processing thoughts in line with the state as you should. You see there is a new sheriff in town and he's a socialist. Well, not a new sheriff, but one that is looking to expand his current power base to totally control everything.

See Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus. "The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said." The dude wants to be all powerful. He wants to eliminate all competition. He wants to fully implement the welfare state to cement his third term appointment.

Thursday, November 29, 2012

Morning Charts 11/29/12 SPX /ES

Investors are being held hostage to the fiscal cliff discussions. Slaves to the system is all investors really are right now. They control nothing and are simply riding the tides in and out. When the individual investor lost was when investors as a group lost the ability to change the tide.

Being held hostage to discussions is nothing new in the market. Talk is cheap and that is all you get these days. They use rhetoric to drive the belief that all will be well and there is always a solution. They have conditioned us to believe that things can't go wrong and the government will always be there to solve the problem. From Draghi to Evans, Geitner to Boehner, Potter to Hilsenrath, they all pontificate and promise what will never be delivered, but the markets believe and push forward anyway.

The backstop is the Fed. You see, even the government knows it is full of shit and can rely on the printing press to bail it out. Trillion dollar deficits are nothing now. Back in 2008 a trillion was an enormous number. When we used to speak in billions it would rattle the markets, now billions have become pocket change.

Wednesday, November 28, 2012

Morning Charts 11/28/12 SPX /ES

So congress is back in session, and we sit and wait on a bunch of bought and paid for bureaucrats to decide how to handle this mess they got us in. How do you think this is gonna turn out?

I should really stop the discussion there as we all know this time will not be any different than any in the past. They will bitch and moan, put on the dog and pony show for each side and in the end wind up raising the debt ceiling yet again without constructively doing anything to reduce debt. You know, reducing the debt to zero by 2070 and increasing spending in the current session really is not a solution. Pushing the debt issue four years down the road to the next administration is all they will try to do. Rinse/repeat.

Tuesday, November 27, 2012

Morning (Rant) Charts 11/27/12 SPX /ES

Does anything matter anymore? About a year and a half ago I threw in the towel. That was when I finally figured out that all hope was lost sans revolution. What sort of f'd up world do we live in where only perception matters, reality does not exist and as long as we all get our free iAnythings all is good?

This place is no better than a pile of horse dung. The crony parasitic capitalists have successfully destroyed their host. Dumb ass greedy mofos did not know when to stop. Rape is never good, but they've basically run out of lube and are basically committing necrophilia to the nation at this point. We're the walking dead. Debt has killed us and as we speak we're getting ready to take even more on to save the nation. Now that's funny.......We're so friggin stupid. 

We're done. We are toast. There is no hope left. BS Shanky, there is always hope. Uh, nope, there is no hope unless we decide to take this country back from the bought and paid for government, the military industrial complex and the special interest groups that control everything. Care to tell me how that's gonna work out as they plan to take our guns, put up even more surveillance devices and launch drones to track our every move? Have you not figured out that we the sheeple are now terrorists is our own country? 

Monday, November 26, 2012

Morning Charts 11/26/12 SPX /ES

With Thanksgiving and a not so hot Black Friday behind us, it is time to start looking towards Christmas. Greece and the Fiscal Cliff are the major problems on the table right now alongside massive global unrest.

There is really not much to add or say this morning other than the normal fraud, manipulation, scam, trash, BS that is normally out there. The government must deal with the FC issue front and center now. It appears there is no doubt that the debt ceiling will be raised and the crisis will be averted. What they are doing in DC is anyone's guess. The lack of news and bickering that came with the last few debt ceiling instances leads me to believe most hands have been thrown in the air in disgust and they are all just waiting on the big check to be written.

What is different is that the economy is worsening and all the stimulus poured in has done little is any good other than giving the appearance that things have stabilized. The markets appear to finally be growing weary of the debt issue and the simple addition of more stimulus does not hold the promise it once did. The markets also appear to not believe the BS from the BLS anymore.

Wednesday, November 21, 2012

Thanksgiving Post 11/22-25/12

Happy Thanksgiving to all. I'm not gonna rail this year. I'm gonna show some vids and give you one chart. I'd love to rant (one of my favorites) on the expanding welfare state, and how the pilgrims, the first here, that proved that each must work and produce for the whole to thrive, but I will refrain.

First I would like for you to watch this BBC series on the history of Jerusalem so we all can gain a deeper understanding of the history of the Holy Land.

And then watch this video that under covers a more ruthless plan of world domination and wars designed to expand the power of the elites using the Holy Land as bait to enter the next world war (for their benefit of course).

As for your chart, the traditional STB turkey. Probably more symbolical this year than in any before.

Happy Thanksgiving to all. Enjoy this one. I'm not sure the next will be all that joyful.

GL and GB!

Morning Charts 11/21/12 SPX /ES

Pretty much everyone here can see thru the smoke. For years I've kept you well versed in the "math will never work" Greece is a total train wreck scenario. So, why do they extend and pretend? Why do they continue to act like they can actually salvage something from this situation? Why do they continue to throw good fiat (what used to be good money, that's all gone now) down the hole? If you get the dynamics of any of that let me know? Other than pure delusionalism, raw insanity, greed or some sort of self righteous power trip I really done get it.

This is the first Turkey Day in the past four that a bankster holiday is not being discussed front and center. If the zombie banks are still alive at this time next year I will be surprised.

Hamas could not keep their hands to themselves or Israel false flagged them to keep the conflict going.

Minis Daily - Channeling down with two potential STB points above at 00 and bellow at 41 on the 27th.

Tuesday, November 20, 2012

Morning Charts 11/20/12 SPX /ES

This is something I obviously missed Friday or over the weekend and just caught last night, Treasury Secretary Geithner: Lift Debt Limit to Infinity. "host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.” “Oh, absolutely,” Geithner said.

Well, when it is painfully obvious there is only one path and that QEternity has been laid on the table, why not? Sure would make things easy in DC. Now as for how the markets and the rest of the globe would react to this is anyone's guess? Let me take a stab at it, the world's most dominant military power decided it can print all the money it wants out of thin air at any time it wants cause it can would not go over very well.

The idiocy behind this idea is not one of those things that will turn out to be brilliance. This would rank right up there with the founding of the Fed and the elimination of the gold standard as one of the most idiotic decisions in US history. Actually it is the natural progression of policies because of the last two idiotic decisions. It is the end game scenario.

Monday, November 19, 2012

Morning Charts 11/19/12 SPX /ES

Thanksgiving week. Should be quiet, but with Israel and the Fiscal Gorge I'd keep both hands on the wheel this week.

This morning I stayed in a bit cause of the holiday and got to check out the Bloomberg headlines. Needless to say I came away perplexed at best at what I witnessed on my TV this morning.

This caught my eye - GDP Accelerating to 2.9% Helping U.S. Overcome Sandy Woes. Didn't they learn just last week that lying about overly hyping GDP does not work anymore?

How about this S&P 500 in Cheapest Bull Market Since Reagan 26% Below Peak. Yeah, sorry, I should have warned you not to have had that sip of coffee before you read that one. Clean yourself up and come back to finish reading the post. They must have hired that reporter straight from CNBS.

Friday, November 16, 2012

Morning Charts 11/16/12 SPX /ES

What a week. Wars, cliffs, FOMC, eclipse, affairs and the death of the Twinkie; not sure you could cram much else into that.

We all need to be thankful that we got Obummer back as president. I mean the man has done such a great job. His foreign affairs policies are just tremendous. With that his running trillion dollar deficits all four years of his presidency he has spent this nation back to prosperity. Heck, they ran $120 billion in the hole just last month (I'm positive Sandy had a lot to do with that). He's done such a good job that we now have lost Hostess and their 18,000 jobs (let's not go into the solar thingy), the post office is bust (and this), companies are laying off workers or charging more cause of Ocare, and .... well, let's just stop there for now.

Thursday, November 15, 2012

Morning Charts 11/15/12 SPX /ES

So, did we get an STB catalyst yesterday? "The Israeli army said 156 targets were hit in Gaza, 126 of them rocket launchers. It said 200 rockets had struck Israel since the start of the operation, 135 of them since midnight." (War looms after Hamas rocket kills three Israelis) Sounds like a catalyst to me.

Remember I think the catalyst will lead to an "event" that is out of the Fed's control. The Fed nor our government control any of this. If this were anywhere other than Israel I would not be as concerned. Scuffles in MENA are common, and with tensions rising across the region and Israels quick and deadly response this may be more than a firefight.  These things can get drawn out and hopefully they stop all aggression here, but that is highly unlikely. I believe the fuse is lit and "Operation Mushroom Cloud" or whatever the name is has a pretty dire and ominous ring to it.

Wednesday, November 14, 2012

Morning Charts 11/14/12 SPX /ES

The world is crumbling but the markets do not care. Money and the money makers, that is what it is all about on Wall St. and in DC, screw the rest. I got news for you dear reader, the ship is going down and they are taking all the lifeboats.

With Europe Is On Strike As Its Economy Continues To Implode and White House ‘secede’ petitions reach 675,000 signatures, 50-state participation, (sign your states petition here - can I get an AMEN-ah!) you have to wonder just how the markets hold up so well at unprecedented times like these? Fiscal cliff? HA! Congress laughs at such things. They will just spend even more! Ha Ha Ha! All is well, Obummer said so.

Now, before you sign that petition you need to know the following. IF the globalists win, your signature on that petition might as well be your reservation to a FEMA center or reeducation camp (yes, those places are real). You may as well be walking up to the front desk and saying, "Hi, I'm a patriot and lover of liberty. Will you please add me to the terrorist list. You can put my name right by the al Qaeda leaders." No fly lists, DHS detention centers, you name it, your lovely government running the new nanny state will make sure you get your extra fluoride and lithium next week after they take your guns of course.

Tuesday, November 13, 2012

Morning Charts 11/13/12 SPX /ES

Did you know there will be a New moon and total eclipse of sun on November 13-14, 2012. How will this effect things? Funny it should coincide with Congress comes back Tuesday to confront "fiscal cliff". Changes? Don't count on them, but we can always hope for some sort of celestial intervention.

Well, with the fireworks in congress about to begin over the fiscal gorge I suspect the markets will be eagerly anticipating more stimulus. Why would the story change when they have no other options? We all know, as Czar O has decreed, we will print more. How else do you fund a socialist agenda that needs to feed and clothe its ever expanding voting base?

The big question is how much fight is left in the GOP? Funny to think that we the sheeple have to rely on one crooked side of the government over the other, but that is the case. I'm positive at the 11th hour as always some sort of agreement will be made. It will combine yet another increase in the debt ceiling and some sort of spending cuts spread out over the next century starting in 2070 or later. Bottom line, all the bullshit you are about to witness will mean nothing in the long run and more debt in the short run. Remember the Super Congress? LOL, expect more of the SSDD.

Monday, November 12, 2012

Veterans Day 11/12/12

Think about this for a second, what will Veterans Day represent in say 10 years when the socialists have taken over this nation and democracy has been destroyed?   The nation just barely chose socialism over democracy in the last election. They chose the free ride over personal accomplishment. That is what America now represents. We just effectively voted every right given to us by the Constitution away. Welcome to the USSA.

To be honest, you had no clear path in the election as both puppets would have served the military industrial complex and the banksters. At least under Romney the path to so socialism may have been curtailed a bit. Under Ron Paul it would have been stopped in its tracks, but that is immaterial at this point (as apparently any hope for restoring our liberty at this time).

Please tell me what have the millions that have fought, sacrificed and died for our freedom have accomplished? Was it worth it? Would they have had second thoughts? Would they have put their lives on the line so a welfare state with unlimited government control could be our future? Would they have fought for a police state where national ID cards, chips, drones or a multitude of other surveillance methods can be implemented so you can be tracked every waking moment? Would they have fought for all their wealth and future wealth generated could be transferred to the government? I don't think so. 

How do you think the current veterans feel about being labeled by the DHS as potential terrorists? Is this the pot calling the kettle black? Thanks a friggin lot for your service protecting this nation, we appreciate it, but you are scum to us now. 

Bottom line is who is threatened by these so called 'terrorists', you or the government? Do you feel threatened by the man or woman living next door to you or sitting near you in a restaurant that just returned from or formerly put their life on the line for your freedom?  I get it that they have PTSD or worse and could go off any moment, but that is not what we are talking about here. 

I suggest you read Homeland Security Report Lists ‘Liberty Lovers’ As Terrorists and think long and hard about where you are personally as an American. Where do you stand? What are you going to do when they come to your door and ask for your guns? What type of country will you leave for your children and generations to come? 

This country drastically changed for the worse after 9/11 and the Patriot Act. That was the moment we the people lost everything. That was the moment that the al-qaeda became a government ally in the fight against US citizens. Sound crazy? Not really, how many terrorist lists do you qualify for? Do you have enough food in your home where you can survive for more than seven days? Check. Did you pay for a cup of coffee with cash this morning? Check. Do you own a gun? Check. Do you support the Constitution and liberty? Check. Do you write a blog that stresses liberty, free thinking, American ideals, supporting freedom, limited government and is not afraid to bitch slap the government displaying its right to free speech every day? Check mate. (my Google searches this morning probably have red lights flashing all over the DHS right now)

How fucking stupid are we? We allowed all of this to happen. We the billions elect and allow these assholes to fuck everything up? Just over half of us voted for socialism! Ah, yes, the free ride and the nanny state will protect us all delivering everything we need anytime we want it. Ignorant fucks. 

Friday, November 9, 2012

Open Weekend Post 11/10-11/12

You know the drill, share the love and the knowledge while we still can.

Not sure what to say this weekend. Y'all can cover a lot of ground from election results and the impending totalitarian state to the fiscal gorge and the looming debt default. Pick your poison, what a great country we live in. So many choices!

I'll have to digest the charts to see what sort of action I think will be coming our way. The minis made it to 1374, closed on it so it may be time for a breather. the HnS I have been looking at the past few weeks targets around 1335 and the next major support point is 1341. Not sure if it gets there, worse or corrects from here. I guess that all depends on what Benny and friends want right now. Anyway, I'll consult the charts and see what they have to say and let you know Monday.

Minis 60m -

Minis 4hr -

Link to my chartbook is here.

Have a good weekend.

GL and GB!

Morning Charts 11/09/12 SPX /ES

Well, are we culminating? Is this the final chapter? If not we're winding down the book and nearing the end. The dreamers look to the last stack of pages with great anticipation thinking that the hero (government) is going to pull us out of this hole and all will be well. The realists eagerly anticipate the government failing and the destruction of the global financial system.

The sequels? The dreamers sequel will look more like Orwell's 1984 where after the great stick save the US government had to sell out to the UN. Global government is installed. Everyone works for the state and all freedoms have been lost. It is a cold impersonal world ruled by the few elite and their corporate monopolies. It will be a worthless place to live in.

The realist scenario is much more exciting. The government's failure brings on revolution and change righting the ship taking the country back to its constitutional roots. Battles are won and lost (think Red Dawn with our army as the enemy), blood is shed and new leaders rise that resemble our great forefathers. The country is reborn and we take our deserved and rightful spot atop the globe as the greatest nation on earth.

You all know by far how I want this book to end and which sequel I want be a part of next. For now I will leave out the biblical and scientific scenarios. This Book has already been written. If you have not read it lately, I suggest you get a copy and keep it close. The antichrist is real and may be among us. The polar shifts ARE and have been happening for a half century (actually moving faster than ever). The universe and our world is changing. Mass animal deaths all over, earthquakes, famine, great storms, all the signs are present and increasing in frequency. (extraterrestrial existence anyone?)

These last few chapters have been discussed in earnest every day here at STB for years now. The story has become beyond tolerable as over and over and over again has the Fed bailed out the corrupt nation and kept it alive when it should have collapsed years ago.

The two main forms of life support have only increased the internal disintegration of the system and made any recovery impossible. QE has given false hope and only created an illusion that all is well, and with every step towards the end the desperation to save power has only intensified and expanded the corruption that is wrought throughout the system.

There is only one way this (earthly) book can end. The people must rebel against the elite in control and take power back and restore the constitution. Most here realize that the nation is right where they want it. Split in two. Until we can unite, there is little to no hope of ever turning this thing around and restoring our great nation. The expansion of the welfare state must be reversed or we will have lost.

The fiscal gorge is real. We all know that. We discussed its coming so much over the past few years we got tired of talking about it. It is old news. Let's get this thing over with already. To those that think this is new news, are surprised and can't figure out how we got here, I suggest you go back to the beginning of this blog over three years ago and start reading from the start.

Or you can listen to the man we should have elected as president, Ron Paul: "Pure Democracy Is Dangerous"... When It's Purchased. His not being elected will be considered the greatest "whiff" in our political history (twice!). "the reelection of Obama is driven simply by 'the people' being on the 'receiving end' of government benefits and that the US is "so far gone; we're over the cliff already."" Can I get an Amen!

As for the markets -

Thursday, November 8, 2012

Morning Charts 11/08/12 SPX /ES

At this point we're so far down the rabbit hole nothing matters much anymore. It is funny to hear the MSM regurgitate what they are told to say as they worship every word that dribbles from the 'brightest' economic minds of the day. Short minded, owned, ignorant, uneducated, lazy, egotistical, trustful, pick your adjective for the pompom waiving crowd. All they accomplish is printing trash that misleads the sheeple into believing all is well.

Hell, as long as the government is spending like there is no tomorrow (no pun intended) what could go wrong? We're all good. O is gonna be here to support the spending for another four years (no pun intended). As long as the government keeps on printing all is well. What's the problem? It has been proven that with modern technology that money can be created via the clever use of 1's and 0's in a computer. All we have to do is hit CTRL+P and we're all good.

Wednesday, November 7, 2012

Morning Charts 11/07/12 SPX /ES

I think I will sum all my thoughts and emotions into one sentence - you better get right with God and fast. The immigrant socialist Marxist that wears the ring that says no god before Allah just won the presidency walking away. The man who skips over the word Creator when quoting the Constitution is in control. Either way you were gonna have a Mormon or a Muslim running the show. God has been removed from the equation now.

We all knew coming into the election that both candidates were basically the same. We all know that the P in POTUS stands for puppet now, so who won (whether predetermined or not) really makes no difference in the long run. Maybe the P should be replaced with a C, as in Czar? Bottom line is God has been removed from the equation and this clears the way for our disastrous future.

Monday, November 5, 2012

Election Day and Morning Charts 11/06/12 SPX /ES

I'll be out voting this morning so I did this post last night.

I'm just gonna sling some stuff at you, If anything sticks that will be good - I'll do you a favor and avoid the election talk. I said my peace yesterday morning. You all clearly know what I think. If the wrong man is elected I may implode tomorrow morning. If the other (not right, there is no right in this case, but other) man is elected I'm sure I will implode before too long anyway. STB places the odds of something really screwy happening with the vote very high.

I enjoyed Guest Post: Will A Prophet Assume Command?. My immediate counter to this would center around an antichrist and the lack of any available prophets at this time. Hell, we can't even find a suitable candidate for president. Where are we exactly supposed to pull a prophet out of? Those based in fact and reality will enjoy this post.

Morning Charts and The Election 11/05/12 SPX /ES

Probably not much gonna happen in the markets till Wednesday. No telling what could blow up between now and then (literally if MR wins and O is put on the street - rightfully so IMHO). Funny to read all the crap about if MR wins this and if O wins that. We all know the bottom line. We all know that the banksters control literally everything, and it really does not matter who is president. They are gonna do what the heck they want, when they want and how they want till they see fit no matter who "the most powerful man in the world" is.

Bottom line is till our bought and paid for government grows a set, we're all slaves to the banking cartel. The last time someone dared stand up to the Fed was in 1963 and we all know how that ended for JFK. What does the presidency mean today? Where did we lose it as a nation? Watch these two videos.

Eisenhower warns us of the military industrial complex

Full address here -

This is where we lost it all. this is where we as citizens failed. "Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together."

Friday, November 2, 2012

Open Weekend Post 11/03/04/12

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

Thanks for another great week on the blog. You all were terrific as always.

I really don't have much to say. I ranted a bit this morning and got the bad stuff out of my system (for now). I don't really think I'll have many LT opinions (other than the usual ST ones) till after the election. We need to know the path they have chosen for us (which should not be much different that the one we are on now - can you say Baumgartner?).

Y'all have at it below. Election, markets, Louisiana sinkhole, football, whatever - lots going on and you all have some great stuff to share. It is getting deep folks and I'm pretty sure we don't have much time left before the collapse comes.

Have a good weekend.

GL and GB!

Morning Charts 11/02/12

Did the jobs number really deserve a 10 point pop? Seriously, we've been discussing the riggedness of this whole employment thing for months if not years, add to that the BLS BS and every other data reporting group and laughable does not even describe the BS that's going on behind the scene. The sad part is we all know it is rigged as hell and markets still celebrate the beat. WTF? Really? We actually stress out over whether a rigged system will deliver a beat, on time, on cue, right in line with where the incumbent needs it the last Friday before the election? File this under No Shit Sherlock. Like I said yesterday, even what is surreal is becoming surreal.

Thursday, November 1, 2012

Morning Charts 11/01/12

Can the surreal become surreal? Can you double down on insanity? I mean, once you have crossed the line, that line beyond comprehension, can it be taken even farther? Back in August we entered a period of unprecedented intervention in the markets and everything that surrounds them. This was when that second tier of insanity was entered. I swear the people running the show must think they are in some sort of parallel universe where their experiments have no conceptual ramifications on reality.

What has me miffed today is the ADP "Cancels" 365,000 Private Jobs Created In 2012 news. It was just yesterday we got New ADP Count Slashes Job Creation for September where even CNBS reported, "ADP's new calculations put the monthly job creation at just 88,200, down from the 162,000 the firm originally reported earlier this month." What the heck is going on? New calculation? Moody's? Like I said, central planners in a parallel universe out of harms way conducting experiments on the rest of us. This is your new reality. I guess we were not given a choice of which pill to take. Welcome to the matrix.

Thus, commenting on market gyrations here at critical support right before the election and the EOM ramp is pretty futile. I have to assume that markets will enter a wait and see mode around this 1400 level till we find out who wins the sweepstakes in the most powerful man in the world contest (LOL).

Something that has flown under the radar (I guess cause things like running out of money are common events these days), but I have been pointing to all year is US to hit borrowing ceiling at year-end: Treasury. Fiscal cliff? More like a gorge. Things are going to get really ugly soon folks. I have no clue how DC will deal with this one. Maybe another Super Congress? LMAO, that worked well didn't it?

Minis 15m - There is a chance that the minis are setting up another smaller HnS under the possible one that possibly just broke down that targets next support near 1374. Of course both are highly unlikely to play out as HnS formations have been more like launching pads than patterns leading to destruction. Either way, you have to acknowledge the pattern.

Big Blue is holding for now. What was potentially a rising wedge in yellow is now trying to become a rising channel. Bottom line is price is trying to form a base here at the round level. Upper resistance is green at 1418, then channel at 1423 and then 32 of course. Support below big blue is minimal and nothing significant till you reach 1374.

Wednesday, October 31, 2012

Happy Halloween Charts 10/31/12 SPX /ES

Happy Halloween STB! Spooky times right now and getting worse. Welcome back from the Sandy induced holiday. I hope everyone out there made it thru the storm OK.

I read a spooky post this morning on ZH, Only Global Banks Will Benefit From A Cyber-Attack On The U.S. that sounds a lot like something you would read here and fits (yet another) with my external or exogenous "event" theme. "Globalists need a macro-crisis, a world-wide catastrophe, in order to present their “global solution” to the desperate masses. This solution will invariably include more dominance for them, and less freedom for us.  A global crisis can also be used to manipulate various cultures to forget concerns of sovereignty and think in terms of one-world action." This runs parallel to my UFO theme I have been presenting.

Tuesday, October 30, 2012

Morning Charts 10/30/12 SPX /ES (UFO's Again)

Halloween Eve! For some reason I'm not as jacked up about the spooky event as I usually am. Did anyone catch the moon last night and this morning? Perfect for the season. I'm sort of in the spirit, but not raging as usual. The good news is that on Thursday I can start watching Xmas videos. That is my official beginning of THE season which is always too short and seems to lose more reverence every year. Remember,  "What if Christmas, he thought, doesn't come from a store. What if Christmas, perhaps, means a little bit more." Much more of that to come on the next couple of months.

As for the markets it seems that Xmas is a year round event now that just keeps on delivering everyone's favorite gift, cold hard cash "nickles, nickles, nickles". Well, perhaps Japan is teaching us that too much of a good thing can become an issue. I suggest you read When ¥11 Trillion Is Not Enough: Japan's QE 9 Disappoints, Halflife Zero, Time For QE 10. "Japan just came up with a brand new New Normal concept: tightening through easing, when its ¥11 trillion intervention proved to be woefully insufficient for a market addicted to ever more liquidity injections." Did you catch the number following that QE? Like a bad movie series (Halloween?) that just keeps on going downhill.

Monday, October 29, 2012

Morning Charts 10/29/12 SPX /ES

Let's keep it simple this morning since the store is closed.

Minis 30m - Minis still holding on to big blue (barely). For those that do not know, big blue is the old upper markets resistance off the '07 and the top back in March. Futures were down.

Not much to report on the news today. Sandy and the elections dominating everything.

Best wishes go out to those in Sandy's way. Should be a no biggie tropical storm, but you never know. The last time y'all got hit with one of these it totally sucked for a week or more. Hope this turns out much better this time.

GL and GB!

Friday, October 26, 2012

Open Weekend Post 10/27-28/12 - Start Thinking About UFO's

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

What can we say about the markets here? Other than backtesting busted major market upper resistance and holding on by the skin of its teeth after the AAPL debacle, the Fed and Treasury are doing all they can to salvage the post QE announcement sell the news event. Everything still points down here technically. We're at a serious inflection point. As noted almost daily, all we need is a catalyst.

The cat is out if the bag, the economy is crumbling, the EU is on the verge of implosion (note the Germany/Greece situation due Sunday that Greece can not possibly meet for the umpteenth time) and the government data can no longer be manipulated to anyone's satisfaction. We're a little more than a week from the most irrelevant presidential election in history. The government is bought and paid for via special interest groups that they serve and protect at our expense. Earnings for Q3 and projections for Q4 all prove that every effort the ruling elite have done to save us have only accomplished making the rich richer and the poor even poorer. We're nearing the end.

Other than the obvious distractions our governments will use to turn our attention us from reality, I have very seriously (as mentioned here in the past) believe we are close to hearing the (to some) unthinkable truth that UFOs are real. Why do I come at you with this this weekend? Cause you need time to reflect and think about what will their disaster plan include? What can they use other than war or other social distractions to redirect our focus where they can continue to do their dirty work in the dark? When the markets crash, what can they throw at us that will be so amazing that we all will stop. What else could dominate the news to a point that it would possibly demote a global financial crisis to the second page? What can they use that is so large they can pull the ultimate trump card and declare in the name of global safety all debts void and null?

I personally believe we are not alone. Being an analyst and a Christian there are two simple things that lead me to believe this beyond all the evidence that currently exists. First, it is impossible to think that among the billions of galaxies each containing billions of stars that we could be alone. Second, why would God waste all that talent on just us?

To those that do not believe, I ask that you take the time to view this video of the Disclosure project from 2006. It is the ultimate collection of professional testimony from the most credible professional witnesses ever assembled in one room. Their stories are real and can all be documented.

It is time to start thinking about what happens after the collapse and what will the government's actions be (other than FEMA Camps and Martial Law used to quell the coming massive social unrest). If you think I'm nuts that's cool. Form your own opinion. Just start thinking about what's coming.

As usual you are implored to start prepping. I need to warn you that this is now considered a terrorist act. Yes, to prepare for your own personal safety and survival can get you locked up these days (or at a minimum stranded at an airport in Hawaii). Don't believe me? Maybe you should read Doomsday Preppers Will Be Treated As Terrorists. What a great place the nanny state is to live in.

Enjoy your weekend.

GL and GB!

Morning Charts 10/26/12 SPX /es

David Einhorn Explains How Ben Bernanke Is Destroying America is a wonderful  must read post for each of you over on ZH. Hang in there, we'll get to the AAPL debacle later, this stuff is far more important. What you need to be concerned with is how the Fed is destroying America.

Most here realize the death spiral we're in. Most here know that we traverse the financial cliff of the abyss every waking moment and remain one slip from a Baumgartner to the fiery pits of hell. Without easing to save the banks we would have entered the inferno back in 2009. Since then nothing has improved and the global economic and financial systems have become more reliant on the Fed's tit than ever. 

"Apparently, anything less than a $40 billion per month subscription order for MBS is now considered ‘tightening’. He’s (Bernanke) letting us know that what once looked like a purchasing spree of unimaginable proportions is now just the monthly budget." They have created a monster. Like a typical American spoiled, sugar and red dye jacked up, unruly, adderall junkie child markets expect their morning and evening dose of stimulus "or else" so does the market. It is truly an addicted state where the addict must have his fix or all hell will break loose. 

We always have the Fed and the government to rely on right? Sadly this is wrong as well. No matter what, in order to protect their power, no matter the cost to the country, they will spin the BS from the BLS and use the controlled state media (the MSM) to paint whatever picture they want you to see, real or not. Heck read this BS that was just released this morning, Q3 GDP Estimate Beats Expectations As Government "Consumption" Soars. "Sure enough, the preliminary look at Q3 GDP just came out and "beat" expectations of a 1.8% print, with a 2.0% reading (or just in line with stall speed, a number which previously has been indicative of recessions). So far so good, but as with every other pre-election economic data point out of the government, one has to look behind the headline to get the true picture. And the details are, as expected, ugly." Read that post. What a joke our system has become! 

What has to happen to break this cycle? Well, over the past year STB has addressed Germany as the key player in the EU's survival game. Well, as noted, Germany's continued unwillingness to go along with the global cabal's 'bailout at any cost' Keynesian meme is starting to unravel the plans of the banking elite. "Recall that this was precisely the dilemma before the Bundesbank as we explained yesterday, when it did what it had full right to do openly, yet did secretly, when it pulled its gold inventory from London: it implicitly confirmed it was no longer a willing participant of the NWO, and no longer is willing to sacrifice its sovereign independence at the altar of Keynesianism, and monetary theory." (and don't let that brief mention of the NWO go unnoticed). 

This my friends is the type of external or 'exogenous' event I have called for since the beginning of the blog that can finally end this nightmare. Most long term readers know that over three years ago when I started STB I had some crazy notions about the financial crisis. Sadly, most have come true and the few that are left appear to remain right on track (except for my massive deflation to hyperinflation call which still has a chance). My main long term call was that it would take an external event to rip control from the Fed to end this financial farce.
Most here know I love it when the experts come to where I have been for years in my theories, start to discuss my long or near term targets and use terminology I have been on for years now. "Sooner or later, we will enter another recession. It could come from normal cyclicality, or it could come from an exogenous shock. Either way, when it comes, it is very likely we will enter it prior to the Fed having ‘normalized’ monetary policy, and we’ll have a large fiscal deficit to boot." I like that 'exogenous shock' part.

So, is Germany my exogenous event catalyst? I think it could be. It appears that the Bundesbank is not willing to go all Wiemar again, and may be the only financial institution that is willing to actually learn from history. Germany appears to be the only group with any sort of clue as to what reality really is. They get it that throwing good money after bad (see Greece deadline Sunday evening) is not a good idea. I suggest we all follow Germany's lead here, cause when they finally cut bait, it will be the end of this Keynesian nightmare.

As for AAPL, look at it this way, no one is going to sell, cause when that floodgate opens everything goes. Literally everyone owns AAPL on massive leverage. When this trick fails, the boom from the implosion will be heard galaxies away. The last bastion of iEverything dominating discretionary consumer spending addiction is all there is left of the capitalist model. Thus the question must be asked, has saturation finally been achieved and is the cycle topping? I believe it is and the fairy tale is coming to an end. As for last night's price action after the miss, only one way to describe it, Potteriffic!

AAPL long term - if this overbought overthrow is not clear to you then you need to have your head examined. See that gap (gray rectangle) around $430? HA! and that just gets AAPL back into the LT wedge that targets that lower blue diagonal near $300. Yes, that is coming folks, if not worse. It is only a matter of time now. And some thought is would never happen to MSFT either. Heck, at least MSFT drives everything we touch. AAPL is basically a toy.

Minis 60m - This chart says a bounce will happen off round level support. Big Blue has barely held for now and a retracement or backtest of green (HnS neckline target 1330) near 1417 or pink wedge support near 1430 are possible. If 00 goes, 1374 will be the next stop and is where all the sell triggers lie I am guessing.

Things look really dire right here. If you saw all the SPX charts I put up yesterday you should agree. I really don't think they can support the farce much longer and if they cut Greece loose Sunday, a 12 handle will be in order much sooner than later.

As for the other charts, see yesterday's post and look below for timely updates on the minis.

Have a good weekend and thanks for your continued support of STB.

GL and GB!

Thursday, October 25, 2012

Morning Charts 10/25/12 SPX /ES

Let's look at some charts today -

Daily SPX - Other than some indicators nearing their lower ranges there are no real divergences being set indicating a turnaround yet. First key support busted and now price is battling with the second major support point. Lower blue support or 1374 should be the target for this reversal. Round level 1400 is just above the 38% retracement off the June low run, so after a 5% fall this would not be a bad spot for some sort of corrective or breather. If stops are triggered below 1400 it could get pretty ugly. For those of you into the fractal/timing thingy I suggest you look at the dire timing of the charts in this post. 

Wednesday, October 24, 2012

Morning Charts 10/24/12 SPX /ES

Right out of the pages of Hilsenrath, the drifting market needs a savior and after the QE3 announcement when there is no more hope to speculate on (which is what this market appears to like best) you get Greece. Really? Greece? Man this market is starved for anything that confirms the extend and pretend hopium trade will go till infinity.

ZH has Total Confusion: Greece Says Troika Agreement Reached, Germany Says "Nein" and CNBS delivers Greece Gets 2 More Years to Meet Bailout Targets. Do you notice any difference between the digital dickweed's post and the MSM propagandist cheerleading post titles? Enough said there.

Tuesday, October 23, 2012

Morning Charts 10/23/12 SPX /ES

Once the Fed eased things got a bit dull on the rumor/news front. In yet another funny post from CNBS (where strange post titles usually mislead you to even stranger posts), you get the question, After QE3, Can the Fed Excite Markets This Week? This week? LMAO.

Let me help the government employees at CNBS and explain this where everyone can understand. Sugar daddy (Bernanke) gave the prostitutes (the market/government) their fix, but promises there is plenty more where that came from. In the mean time the prostitute does not give a shit cause she got what she needed and is high as hell. Not until she comes down and then does a little more work will Uncle Benny show up with another hit.

Monday, October 22, 2012

Morning Charts 10/20/12 SPX /ES

What are you supposed to do on debate days? What have the last two delivered for potus? Just saying.

Another European summit down and again nothing to show for the efforts. Are these guys just hanging out and pulling a DSK or a US Secret Service working with the help more than doing business? Heck, I know which would be more productive. When the ship is sinking and you can't possibly plug all the holes would you blame them?

Frustrated? On one hand you get Q3 Earnings Season To Date Summary: Ugly... And Getting Worse with, "Roughly one third of the S&P has reported earnings so far, with another third reporting in the next five days and almighty AAPL on deck Thursday evening, and if there is one word to describe what has happened so far, that word would be "ugly." The same word would be used to describe how Q4 is shaping up to be." STB has been waiting patiently on AAPL for a few weeks now. Thursday will be D Day.

Friday, October 19, 2012

Open Weekend Post 10/20-21/12

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

Markets look bleak right now, but have no fear QE and Potter are here! Well, they were. Maybe they took Friday off?

VIX - Looks like we're bout to get a possible near term scare, but the real fear lies when the falling blue diagonal comes into play next year or sooner.

If you do not know about Bayou Corne, please watch this video. This is some really freaky stuff.

And how about a little throwback STB. From the ole weekend video days - light up a fattie and enjoy. Nothing like happy little foothills in your paintings.

Thanks for another great week on the blog.

Have a good weekend.

GL and GB!

Morning Charts 10/19/12 SPX /ES

Not much to say this morning. It is a bit distressing when staring down a rather disappointing earnings season with our debt load and economic issues all the while the stock market is making a triple top at multi-year highs like there are no consequences for anything. Mind blowing stuff this central planning socialist stuff.

I suggest you take a gander at Guest Post: Should Central Banks Cancel Government Debt? "Of course the proposal was not really meant to be taken serious: rather, it was meant to highlight the absurdities of the modern-day monetary system. Paul himself pointed out in subsequent interviews that the proposal would naturally never be adopted. In short, it was essentially an educational foray on his part -  he wanted to encourage people to think. " Think? Really? I thought that was one of the recent additions to the terrorist profiling list? Joke or not, I believe some form of forgiveness will come in the future as the central planners further box themselves into a fiscal corner.