Monday, September 30, 2013

Morning Charts 09/30/13 SPX /ES

Shutdown in 3...2...1...  I hope they do. I sincerely hope the GOP does not cave to the worse than Bush dictatorial policies of this communist regime. By God, we need to fight them now more than ever and if a shutdown is the result then so be it. This whole mess is a fantastic in your face example of what happens when a bunch of politicians run the show and not representatives. It is also a fantastic example of just how FUBAR things are in DC.

O care is already crushing businesses and employment at a time when they need more help then ever. I get it that people need health care, but I don't get it when you change a system to benefit the few over the many. Kinda like that one asshole that wants the Ten Commandments removed from a courthouse, ain't right. Just like in the days of the pilgrims, it did not work then and it will not work now, everyone has to pull their own load. I'm not saying not to be charitable, I'm not implying that everyone is capable, but the entitlement class is bullshit and they need to be called out. If they need work then quit shipping the friggin jobs overseas!

Here's a suggestion, why not overhaul the healthcare laws and system, lower drug costs, rework the malpractice laws, get the FDA involved with improving the food quality, ..... oops, sorry, all of that IS impossible cause the special interests control congress and their minions. My bad.

Bottom line is this country is going down. We're too far gone for general repairs. We need a total overhaul and its coming like it or not.

Markets are not too happy about this shutdown thingy. I'm not all that worried. Sequester, fiscal cliff, super congress, we've been to the gates of hell before. IMO this is all more grandstanding than anything. The politicians need attention. Like a three year old screaming cause they don't get their way, this is little more.

SPX Daily -Six times this year they have fought thru negative divergence reversal scenarios only to continue to drive price to higher highs. Don't for one second think they can not continue to do it either. This IS a rigged game. 1680 is the 50dma and gap and major diagonal support is at 1666. Those two are my forst targets. If they go I believe 1600 is in the cards and THE top is set.

Minis 60m - The HnS breakdown and 1687 support is upon us with the gap down this morning. Minis are at my first 1666 target now. My second target is the MAJOR support red diagonal near 1645. If that goes it should be all over but the crying. 1600 will be the next target after that, and I don't see another 130 point rally in then not matter how rigged the system is.

Have a good day

GL and GB!

Friday, September 27, 2013

Open Weekend Post 09/28-29/13

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

Monthly SPX - If this chart does not scare the hell out of you, you have issues. They have a year left, max. The yellow boxes, one entered, start the end game. Those are massive negative divergences that show an improbable overthrow and even more negative divergences immediately following.

A vid by Corbett exposing the ICC, the lies and hype surrounding the weather and climate change are astounding. really a fantastic report especially must see at 32m where the IPCC's mission is stated clearly. You should also see They Want To Blame You from Friday's post.

Very (long 60m but) interesting current vidio on history of Syria and why the conflict.

I'll be around. Link it up and share your charts and thoughts.

Enjoy the weekend.

GL and GB!

Morning Charts 09/27/13 SPX /ES

Greece and Italy finally come back into the picture. The EU has laid dormant for some time now since the Cypriserf incident where the bail-in template was finally revealed. Now we see the IMF stepping up to the plate doling out billions again, more bail-ins and the liquidity issues of the banks becoming more prevalent (as they should be). I guess now that Merkel has retained power, whatever problems that had been put on the back burner now need tending to.

Greece is very interesting. STB has proven for years that the math here will never work out, as a country with the GDP of Alabama can and never will be able to pay back the hundreds of billions it has needed to keep it alive and part of the Euro system. STB has also noted the the money never really stayed in Greece, very similar to AIG during our crisis, as it was merely used as a conduit to disguise the flow of funds to save the EU.

The development in Greece last night is significant. Greece On The Verge? Military Special Forces Have 15 Demands... Or Else could possibly disrupt the elite's cash flow mechanism to the rest of the EU. This would not be good if another player wants to come in and take a cut. This is expensive enough as it is. Could the US military get involved here? Are they or the CIA already involved? Why is this ancient chunk of rock so meaningful?

Futures Fall On Government Shutdown Uncertainty does not bother me much. We've been thru this for three years now. To think they will do anything to jeopardize anything before an election is ignorant. O care is much more of a worry. Heck the biggest issue is our dysfunctional government that more resembles a kindergarten class than responsible leaders.

Minis 4hr - yellow channel support being challenged as 1687 support might be failing as the HnS might actually be about to fail. All of this targets critical red support at 1646. I may regret not calling a top at that STB point back at 1729.

From here down, just pay attention to the upper blue and green resistance diagonals. they are extreme long term upper resistance points the should not be violated.


NDX - 3300 is the number.

DOW - 16100 is the number.

SPX 1729 was the number.

More to come below.

For those of you wondering more about the global temperature issues see this -

They Want to Blame You - (A21CS Section 1.2)

Enjoy the weekend.

GL and GB!

Thursday, September 26, 2013

Morning Charts 09/26/13 SPX /ES

0 care, as in zero care not O care, this may just wind up being the STB "event" that ends it all. A fascist, socialist, totalitarian, statist plan to give health care coverage to all, that is so un-american on so many levels, created in the bowels of the democratic/socialist party, is about to be implemented.

The plan that would not impose new taxes, that could not be read by congress before passing it under near blackmail circumstances (a regurgitating theme these days for any bill it seems) not long after Captain Transparency was elected promising a bill reading grace period, that democrats and labor unions even oppose is about to be turned on. A plan that is 0's legacy will be the president's greatest failure (and that's saying a lot).

How did we devolve to a point where doing something that so many despise and loathe (on both sides of the fence), something that we know is going to be a total train wreck, can be passed into law and acted upon? Two words, Patriot Act. The act that basically makes Obummer an imperial ruler is the reason. The act that allows him and his government unlimited power over the people is how.

How have we sunken to a point so low that we can not remove a known and proven liar and possibly psychopath from the presidency? Take a look at 252 Documented Examples of Barack Obama’s Lying, Lawbreaking, Corruption, Cronyism, etc. , and now you can add to that list Obama on Obamacare: “We did raise taxes on some things.”. Fear of personal persecution from a tyrannical administration is how. 

I'll leave race out of the discussion today, but I think it has some relative merit in this conversation. I'm not quite mad enough to go there, but it will be discussed here in the future.

STB has documented the many thousands of job losses that have already been associated with the implementation of this bill. STB has documented the layoffs and transformation to a part-time labor force as a reaction to this bill. All of this at a time when employment is more critical than ever, this plan is destroying many businesses' ability to function normally and fully employ. There has never been a time in history where it is more important to be pro business and we get this.

The great global ponzi is when China and other countries buy our debt so we can spend that money buying lead laden trinkets from them to passify our needs as consumers. Now China and other countries are net sellers of our debt, our consumer is tapped out, the Fed is having to print money to make up the (double if not triple) difference forcing us further into debt and devaluing our dollar, and the Fed is now tapped out. This is not good and is beyond the point where we can ever recover from our printing. All that and we're going to implement the most idiotic heath care plan ever conceived?

Folks, this is the end of the road for this great nation. With the failure of the great global ponzi and the fact that government for decades has supported corporations shipping our jobs overseas, we can not support anything anymore, much less a socialist healthcare plan. This will be the last straw, and on that race issue I ignored above, who the hell is going to destroy the first black president's legacy, no matter how devastating it is to the country, and get away with it? Can you say race riots?

They have us cornered folks, get used to it. From the CIA, DHS, IRS, FBI, TSA, FSA, NDAA, CISPA, you name it, they have us in complete lockdown. This man (who some believe is the head of the Muslim brotherhood - which I can believe) has lied his way to the top and is destroying this country from the inside. Yes, it is partly Bush's fault, he got the ball rolling. Sadly, it is the man who campaigned as the anti-bush, the man who promised hope and change, Captain Transparency, that has not only continued Bush's legacy but furthered and improved it along the way making some believe that hes not the anti-bush but the antichrist. And how is this man still president again?

Good luck out there. It's about to get really rough.

As for the markets -

I've been top hunting and if this thing cracks support here I may throw the towel in. A quick note to those that are bullish, be that way, be right all the way to SPX 4,000, but in the end when this all turns to dust and you think you are rich as shit piling up all that fiat, if you have not been diversifying into physical assets and out of the dollar you will lose, big time. Take the risk, be as greedy as you like, but remember pigs do get slaughtered. Up may be the right call for the market, but being long this farce with all your chips is not the prudent thing. I'm about to start defending the bear camp with a bit more gusto.

SPX Daily - Technicals will matter again one day, I promise, but till then taper off means QE on. Till they stop easing or till my "event" happens they remain in complete control of the market and it will only go where they want it to. If 1687 goes you have to look to gap fill, 1666 support and MAJOR diagonal support. If that blue support goes, I think it is all over and 1600 comes into question. The lowest blue line near 1540 is the ultimate bail point.

Minis 60m - yellow support and 1687 just what STB has been looking for. And this is a pretty major support point. Possible RS ramp job here should be heeded by the bears coming off 87 and yellow channel support. If this cracks I'll refer you to my red major support diagonal. This is kinda like a death line I believe, cause if that goes (near 1646 now) it whould be all over.

More to come below.

Have a good day.

GL and GB!

Wednesday, September 25, 2013

Morning Charts 09/25/13 SPX /ES

OK, STB's lamest post ever, but not my fault as the internet connection for the whole floor was out this morning. So, I'll leave today's post just like this. Charts and such are below in the commentary.

Have a good day.

GL and GB!

Tuesday, September 24, 2013

Morning Charts 09/24/13 SPX /ES

Denial - It's not a river in Egypt. It is the state that the global elites and serfdom find themselves in right now. The unconscious state where hope and change spring eternal, and the next recovery is always just around the corner. Never mind the fact that the globe is rotting, all will be well, no worries!

From ZH, "The Federal Reserve is recklessly printing money out of thin air, and in the short-term some positive things have come out of it.  But quantitative easing worked for the Weimar Republic for a little while too. " You see, "Of course these stock prices have nothing to do with economic reality at this point, but for the moment those that are making giant piles of cash on Wall Street don't really care."

Carpe Diem? I'm pretty sure that age old adage has been misplaced here, but is sounds awesome, so let's roll with it. AAPL is about to get ramped up again, so let's all jump on the bandwagon! Wait, or is it? Could it be that the marketing arm of Wall Street is just trying to suck in a few more muppets? Could they be taking a page from the government and are starting to skew the data just a bit?

Nothing is real and until reality rears its ugly head, those in power will continue in their deceitful ways. No one is about to go on the (literal) suicide mission and jump in front of this train. It's going to have to derail its self (which it will - think Wiemar).

SPX Daily - Ready is an understatement. It has been for years, but the new normal (rigged and manipulated markets controlled by robots with unlimited liquidity) still reigns. Right now this rising wedge looks primed for a move to 1600 critical support. It's what happens back down there is the big question. Will there be yet another short squeeze or will the system finally fail?

More to come below

Have a good day.

GL and GB!

Monday, September 23, 2013

Morning Charts 09/23/13 SPX /ES

I'm positive the Nairobi mall massacre will have Feinstein and Obummer calling for global gun control ASAP. With three of the gunmen supposedly Americans, they will not be able to take any chances you know. I'm positive there will not be any connection between the CIA and the guns that were used in the event. Holder will confirm all of that.

Add to that Usagi, which will have the rest of the government agencies scrambling for more domestic controls as if such an event were to happen here they would need to be prepared for anything up to and including marshal law. They better hustle getting that facial recognition system into place.

The news gets better for the Fed as Merkel will remain in control of Germany. I'm not so sure that's good for the Germans or the other comrades in the EU. At least the elite will be able to move along unimpeded with their monetization schemes and market controls here and in the EU. Other than not being able to get a lift from Hong Kong this morning, things should be rather normal ahead of the debt ceiling and various other votes before congress.

Bottom line, despite the rumors to the contrary, taper is still OFF till at least October. I don't like to quote or bring up Faber much, but this time he's dancing along the lines of some of my fringe thoughts where QE could actually be increased. In this interview, I think he gets many things right - Marc Faber: "Fed's Neo-Keynesian Clowns... Are Holding The World Hostage" and you should listen to it.

The Fed is screwed, and I can see a scenario where we get taper lip service while at the same time QE is increased. Look, either they are ready for the end of everything as we know it. They are ready for the big exit, or they are gonna party till they can't party anymore. We've been discussing stealth QE and off the books spending for some time here. Something is supporting more than both sides of the ledger (bonds and stocks) still.

I'm still on a top hunt. I'm also on an STB "event" hunt. We had what may have been another domestic false flag in DC last week, and I expect more and larger to come. Nothing like having the SWAT team stand down when it shows up before it was supposed to. Maybe they need our guns first (not gonna happen). They sure are acting as they have plenty of time before the walls come crumbling down (when they don't).

Daily SPX - She's ready, but is this it?

Minis 4hr - I went to the travel computer for this minis chart. You can clearly see the green channel that has this top corralled. You can see the beige backtest. and the STB point I had been warning about at the intersection (those things are amazing). That pink support close to 1666 is IT. There is one last potential STB point out to the right near 1762 in mid October. Not sure if I am going to hold out for that one. I still have Xmas rally worries along with the potential QE increase nightmares I have all the time.

More to come below. I'm tempted and on the hunt. We came really close when Syria was hot and heavy. They need a massive distraction. It will happen when they are ready. Question is when will that be. they can't keep this up. They can't continue to support both sides or really either at this pace with the economy eroding out from under them. Be ready. It's going to happen soon I believe.

Have a good week,.

GL and GB!

Friday, September 20, 2013

Open Weekend Post 09/21/13

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

Waiting game. I'm top hunting. Would not call one on a Friday. Want to but that second STB point on the minis at 1762 close to October 15th has me wondering. Trying to remain patient and process this the best I can. The volatility I have been discussing since April is very apparent as the market has made some dramatic swings. Maybe we just need to wait on my "event" to finally arrive. Taper OFF this week was the signal we all needed to confirm the recovery farce and their manipulation of the markets.

Daily SPX - Set to fail, but will it be "the" fail? That's one nasty chart with EVERYTHING from the black vertical line January 01 being a total farce. Just one massive overthrow of the pink wedge. When it falls the 1475 area will be the first major target of a severe move south.

I am now the parent of a teenager. Wish me luck and LS1 a happy Bday Saturday.

Enjoy the weekend.

GL and GB!

Morning Charts 09/20/13 SPX /ES

Well this post from CNBS was quite the surprise - Stocks are about to plunge, Wells Fargo strategist warns.I wonder who's gonna get canned at CNBS for allowing that to be released to the sheeple? Very surprising for a government agency, you know what I mean, to be dissing the powers that be.

And then you get this - Futures weaken after Bullard's comments on taper
I guess the propaganda and spin will not stop till the music is actually over. Getting any one of these freaks to tell the truth is impossible. "St. Louis Fed President James Bullard said the central bank could taper its $85-billion-a-month bond-buying program during its October meeting." BofA has now released a December taper ON target. Really?

They are already going back to taper ON talk? Come on man! I guess they got to keep the hope alive that the recovery is ON and that we're headed in the right direction. Never mind that the Fed just basically admitted they can not taper EVER and that every policy they've installed over the past 6 years has been a complete bust.

I guess the big news today will center around the debt ceiling vote and the German elections. The debt ceiling vote is kinda a non issue as you know they will raise it. The German elections on the other hand are a big deal and could spark some real fear if they go the wrong way for the establishment.

I'm gonna take the weekend to mull over a top call. I'm more than ever ready to pull the trigger and hope that my patience does not bite me this time. I don't want to make the call on a Friday if I were to call one.

The Chicago shooting added to the DC shooting should warp the gun grabbers into overdrive. If you have not read about the DC SWAT team stand down orders, you should. One would think that the CIA would have these false flag events down to a science by now, but they appear to still be bungling them and running the operations with all the skill of a 5 year old.

Daily SPX - As discussed yesterday, she's ready, just gonna need a little nudge and down she should go.

Minis daily - Top of the pink channel hitting the STB point mentioned a few weeks back, I'm now a bit leery of the next and last possible STB point where beige meets blue and yellow near 1762 near October 15h. This one has me a bit perplexed.

Minis 15m -

More to come below.

Enjoy the weekend!

GL and GB!

Thursday, September 19, 2013

Morning Charts 09/19/13 SPX /ES

No taper? When taper? Ever taper? Can they taper? Who knows. The only reason to care is that when taper ends so does everything as we know it. Is it any wonder people have been bailing from DC over the past couple of years? No one in the know wants any part of what's coming, the inevitable debt bubble bust.

I feel sad for those that are clueless and simply live their lives in the matrix refusing to acknowledge the truth. I'm sad for what's happened to this country that once kicked ass. Greed rules over ignorance now. They've lulled the nation to sleep.

While we've been in the pastures playing with our heads stuck in our iEverythings learning to twerk like Miley, they've been taking over everything. We deserve what we're gonna get. We allowed it to happen. We're about to be sent into the desert to wander for 40 years to pay for our sins.

I'm on a top hunt now. Fortunately STB has dodged yet another Top Call bullet. I think I'm one of the last few standing in this game. How have I managed to avoid the traps and pitfalls? Simple, believe in a completely controlled and manipulated market. A market that is nothing more than illusion leading the sheeple to believe that all is well in the world today. They come home, see the DOW is at all time highs, and go right back to Dancing With the Stars never thinking to look at any details.

They can't let the market crash for two reasons. First, as above, the illusion all is well, and second, they have to get their money out and complete this portion of wealth transfer from the middle class to the elite. The Bernanke Put is in place and here to stay till their goals have been accomplished. Every time they talk about or take it away, it has only been to line up the shorts for slaughter.

I believe we've finally reached an end game point. My long time call that they'd make it to the first quarter of 2013 came and went. Heck, they should have never made it off the floor in 2009, but here we are still rolling along in the greatest farce know to mankind. They're done this time. Remain patient traders and prepare yourselves at home for the real destruction to come and possibly a revolutionary time.

Daily SPX - Set up for the kill once again. The final bull trap run is upon us I believe. Rumor has it that Obummer will start allowing the entitled to use their EBT cards to open Etrade accounts - LOL - just kidding, but that is the type of euphoria that tops are made of. I don't think we get mom and pop this time, but we are getting the volatility that I've been speaking about for the past several months.

Negative divergences galore on top of negative divergences galore - not a good set up. Add to that SPXA50 over 400 and NYMO topping, and you get one nasty mix that's not bullrific!

SPX Weekly - See the yellow boxes? That's all the time there is left. Oh, and when you've been running negative divergences on a weekly chart for close to two years, that's not a good thing either.

Minis - She may have just topped. Remember that STB point I gave you a few weeks back when price was near 1666? Well, here it is. Amazing how these things can work out. Upper LT pink channel resistance backtesting the busted beige LT market support. If I had any balls and was not scared shitless of the Fed and their manipulation, I'd call a top right here and now,

More to come below.

Have a good day

GL and GB!

Wednesday, September 18, 2013

Morning Charts 09/18/13 SPX /ES

To avoid going full retard rant on anyone bullish this market, I'm gonna not rant this morning. I will say that it is right being long if you support the Fed, support this administration, support the loss of liberty, support the gun grab, support the illegal wars, support the central banks, support their deregulated manipulative policies and support the corrupt elite that rule this country. It is right to be long if you are a complete commie, socialist, fascist loving individual. Ethics, morals and pride have been replaced by greed. A bull's natural conscious, respective, moral state has been replaced by one that is driven and dominated by a misplaced sense of self preservation.

Be my guest, be right being long. Play the only game in town. Keep on piling up that fiat. I hope it gives you a great sense of security. Remember, fiat currency is little more than paper backed by a promise to pay from a private bank. Make sure to do your part supporting this administration in its efforts to destabilize MENA and get us into this next world war to protect the world reserve currency status, cause if you don't then your pile of fiat will be worthless one day.

Sorry, someone had to say it. I've just about had enough of this whole mess.

Well, Taper day has finally arrived.  Let's see what they have to say thank I'll react. As usual, you do nothing ahead of their

Minis 30m - I'll throw up a whole bunch of charts tomorrow. Technically the charts continue to worsen. See the post yesterday for more charts. I still anticipate a sell the news event.

More to come below.

Have a good day!

GL and GB!

Tuesday, September 17, 2013

Morning Charts 09/17/13 SPX /ES

Fed, Fukushima, shootings, Syria, you name it, it's going on and a lot more.

Fukushima is probably the most dire situation of the above. Kyodo: Fearing Fukushima plant would flood, workers opened barriers — Amount of contamination released ‘unknown’ is a very important issue. My read on this, TEPCO had an easy out under the cover of a typhoon to simply dump as much contaminated water as possible into the pacific. This bought them some time and saved them millions in storage costs. Damn the environment and save a few bucks. What a policy. This pretty much pegs how lost we are as a species on this planet. Where are all the earth loving libtards when you need them most? 

On the shootings, false flag or disgruntled servicemen with PTSD, it does not matter. They will be coming for our guns hot and heavy again. It is part of their master plan, cause we can't be docile debt slaves to the system if we remain armed. If this can be tied back to Syria it will be so the administration can get as much mileage out of the incident as possible. Note: there were posts about this incident (have been screen cast) that were written before the shooting occurred.

As for Syria, potus has waived the ban on arming terrorist groups. Let's quickly link all of this together so you get it - Obummer will now be arming our ally the Al-Qaeda rebels in Syria. This is the same group (bogeyman) we've been fighting since 9/11 and the same group that just called for "small scale strikes" in the US. Anyone smelling another Fast and Furious incident? Anyone else wonder how he has not been removed from office and is still our leader?

As if the world was not FUBAR enough already, now lets get into the Fed and the taper (anyone else notice how conspicuously quiet the budget issue has been?) . Priced in baby! All is well. Whatever. All is a lie is more like it. We've beat this one to death. My read, they taper $10 to 15 billion. This is a small enough amount that whatever they have been spending off the books can cover the stated decrease in QE.

This is a token gesture to get everyone on board that the US is in recovery mode and things are improving. Horse hockey! Manipulated data, a student loan bubble that is about to implode, a debt ceiling that is about to be raised again, 50 million on food stamps, $3.50 gas, stealth inflation, unemployment and more all 6 years after the fact do not make a recovery. The Fed can't stop, not will they stop (at least publicly). Folks, get used to it everything including the weather is now being controlled and manipulated by your government and they are not going to stop till they have complete control over you.

As for the markets, all we can do is wait on the Fed tomorrow. I suspect a quiet day today. I would be anticipating a sell the news event. Taper will be announced near their figured. To large or to small they spook everyone. I will also anticipate language to be very accommodating leaning towards the, "if this does not work we'll gladly crank up the presses again". This keep the BSB put in place backstopping the markets.

 Minis 60m -

SPX Weekly - chart is a bit ugly but it is meant to show you one thing. That upper blue diagonal. That is LT market resistance for the move off the 2009 lows at 1733. also note how ugly the indicators are below especially MACD on this weekly chart.

SPX Daily - Same as above but closer. Note all the gaps in gray. That lower pink support diagonal is the key line for the bears.

RUT Daily - The same LT blue resistance diagonal. Get u sum of that MACD negative divergence.

DOW Daily - and it working with two different (yellow and blue) LT resistance diagonals. And the negative divergences are screaming here as well.

We're close folks. Tese LT resistance diagonals are some very serious road blocks. Technicals are saying this is it. Somewhere near here she's gonna give out of be forced ("event") to give out. Be patient and let this thing play out. tomorrow should be interesting to say the least.

More to come below.

Have a good day.

GL and GB!

Monday, September 16, 2013

Morning Charts 09/16/13 SPX /ES

Well, someone round here unfavorably warned of the possibility of a war/taper OFF scenario that would cause a rally a few weeks back in the comments section. That someone has also been warning of a retracement over 61% and what that's led to almost every time over the past four years. These suckers got all the bases covered, and until they don't it will remain business as usual. Suck the shorts in and then commence the slaughter.

Now I'm not Sure if the Summers is out news is exactly taper OFF, but one that was perceived as a super hawk (more like Dr. of Death) has been removed from the equation. This brought great hope to the OFF bulltard crowd that fully understands that an ON situation would be a complete nightmare for the equity markets.

The reactions across the board to Summer's out are quite hilarious. Maybe the little guy actually won a battle here. The man that was one of the original architects (with Greenspan, Geitner and Rubin) of the deregulation policy from the Clinton era that got us to this point is not going to get a chance to put the cherry on top of the cake he baked. Maybe the man is smart enough to see what's coming and wants no part of what's to come? One sample reaction to his ouster,

""Larry Summers' past decisions to deregulate Wall Street and do the bidding of corporate America has made the lives of millions of Americans more acrimonious. He would have been an awful Fed Chair. President Obama should appoint someone to lead the Fed who has not accepted millions in payments from Wall Street, and who will prioritize an economy that works for the little guy above further enrichment for the big guy.""

Now, bears need to have no fear. Their day is coming. The day of reckoning for the trillions of liquidity infusion that have led to noting more than bloated bank balance sheets and a false recovery will come soon. The Fed can no longer support both the bond and stock markets. They have to choose one to combat and rates will win that battle hands down.

Bottom line is that taper OFF is all the markets have left. There is no other hope. The Dark Side's reign over the markets is coming to an end. Now, whether this is a planned event or not

Daily SPX - All the bears needed was one good pop to set yet another round of solid negative divergences and this morning's move will come close to achieving the mark. Pay attention the the S Sto below. In the past it has taken from about 10 to 20 days for the markets to turn after it tops out the first time. This does not mean it can't turn here, just saying that it is an early indicator that a storm of some sort is usually on the horizon.

Minis 4hr - Just when things are looking so right for shorty they always find a way to pull the rug right out from under them. The 1687 resistance and May top with failing indicators looked like a great spot to entertain a short position, but one more time they find the necessary after burner boost to shoot price thru a tough resistance level. The potential STB point looms up at 1726 with the pink channel resistance and the beige diagonal backtest. This is the major resistance area that lies above. Of course 1705 prior high is in the way.

If I were long I would not be getting too excited. Owning a liquidity driven farce that is levitated by little more than hot air is not the safest place to have all your chips. That said, till they lose their control over the markets it is apparently going to remain the only game in town. I'm still on my top hunt, as this time I will not let the opportunity pass. They have to have a war and they can't keep this market afloat much longer.

More to come below.

Have a good day.

GL and GB!

Friday, September 13, 2013

Open Weekend Post - 09/14-15/13 SPX /ES

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

Not much to say as the waiting game plays out. Time, time, time is all we've got now. I will show you one interesting chart of the RUT.

RUT Weekly - First, the blue and green upper diagonals are resistance for the move off the 2009 lows. they are the firewall. They reversed price last time and we're setting a pretty little double top here. Weekly on the MACD you can see at the red timeline where the overthrow (into true bullshit land) started at the break of 853 in January. Note the histogram is still negative and diverging indicating there is little to no strength to this move at all. The rising yellow wedge is in a massive and fraudulent overthrow that is screaming end of the run.

She's bout to blow! Here is a closer look at the top of this chart. Notice the blue line on the MACD Histogram continuing to neg div. This is a big deal. That weekly bear cross on the MACD is not good either.

I'll post more if I find anything. I may go deep into the chartbook this weekend as it may be time to start snooping around to see what's out there again.

Thanks for another great week on the blog.

Enjoy the weekend.

GL and GB!

Morning Post 09/13/13 SPX /ES

Triskaidekaphobia day! You have to ask yourself this one question, do you feel lucky? Well, do ya, punk? (or this one)

Bears could use a little luck these days, and they may be about to get some sooner than later. In Last Time We Checked, "Hope" Still Isn't A Strategy we get, "Maybe markets have 'learned' that lesson and view all these potential stomach-churning headlines as annoyances, rather than existential crises-in-waiting." which to me is another way of saying as long as there is a BSB put out there no one gives a flip.

Reality, schmeality - I don't give a rat's ass what the smartest and brightest economists in the world try to feed me, this things going to implode and there is no bed of roses at the end of this path. With over $125 trillion  in unfunded liabilities and a $200 Trillion fiscal gap (and with a mysteriously stuck debt number) while running trillion dollar deficits to keep things simply running - Let them spew all the hope and change they want, snake oil salesman is all they are.

Time, that's all they are buying right now. It is a tough pill to swallow. I get it. It can't happen here. Well, it will. I promise. When is the only question. We're close.

The CBOE busted again this morning. (DOH!) The decade long comedy of errors, corruption and unregulated markets is just about to come back and haunt us. Syria is the beginning of the end game scenario. Sad to say that war has to be their last out, but it is. It has always been. It was and will be inevitable barring some sort of miracle. Serious inflation is coming and we don't have any money left. That is a really bad combination.

Funny that Hank Paulson would say Financial crisis was a 100 year storm. Now this post is a total bunch of BS spewed by the former treasury secretary. Remember he was the firs one to blackmail us all with TARP and get us started on this path to complete and utter destruction. I think the 100 year storm was a culmination of enduring 100 years of Fed policies of rape and pillage.

As for the markets  -

Daily SPX - Indicators look a bit tired as the wrestling match with gap resistance at 1685 and the May top continues. This is the point we all have to start honestly looking at things and saying, "Is this it?" I am, finally. From here, STB is now officially on a top hunt.

Minis - As we've been noting all week, the negative divergences from the 4hr chart down were getting pretty severe. That with the 1687 resistance may have been a bit much as blue channel support has given way. I still contend the market has no larger form (although near term is has shown some sort of discipline).

More to come below. Thanks for another great week on the blog.

Enjoy the weekend.

GL and GB!

Thursday, September 12, 2013

Morning Charts 09/12/13 SPX /ES

A must read instant classic (for the truthers that honestly get it and for those stuck with their heads in the sand that need to be bitch slapped back into reality - which is impossible of course) - Laurence Kotlikoff: "The US Fiscal Gap Is $200 Trillion... Our Country Is broke" One of my favorite one liners that's full of dry humor - 

"Using economically meaningless fiscal indicators to guide fiscal policy is like driving in NY with a map of LA. If you aren’t careful, you’ll drive into the East River."

In the meantime markets keep breaking. Rogue (Goldman) Algo Exposes Cracks In The Options Market and Vicious Gold Slamdown Breaks Gold Market For 20 Seconds this morning are just two of many recent very public instances where the markets are starting to show how unreliable they are becoming. One must ask, is this the place you really want all of your life savings? No other option you say? I say physical gold is real and will be king sooner than later. 

Again, I'll simply be on countdown watch this morning waiting for my "event" or for something to break. They remain in complete control for now, so bulltards need not fret yet. We're thru 9/11 now, and it's time to get budget talks rolling. One thing is for sure, this will be a non event just as the fiscal ceiling was. The spineless bastards in DC will simply raise the debt ceiling and promise to cut $2 trillion in spending over the next millennium. Problem solved! FORWARD!

Syria remains the big deal. They have to have a war and not just a small one. Keep an eye on that. Soon enough the Russians and the CIA will have equipped both sides well enough that Assad will not have anyone left to rule over. Simple solution, just let them wipe each other out and the problem is solved. Well, not really, but that appears to be the path we're headed down. 

SPX Daily - They closed the 85 gap yesterday. War off (for now) and possibly taper off could become a real issue for the bears that came oh so close to getting their Christmas wishes early. They set 'em up like a bowling pin and now the short covering scramble is driving things higher, improbably, yet again. Who cares about the bond markets and rates? What do they matter? As discussed, once over a 61% retracement, this market has demonstrated very high odds of reaching higher highs. It will probably remain unstoppable till it breaks or something breaks it, which we're beginning to see signs of as shown above. 

Minis 4hr - Just above is the cross of the pink and beige diagonals on the 16th. This is a possible STB point. I don't like it but it is there. Still formless and wandering, price is lost IMO. This move looks very similar to the Taper OFF rally in June. Once this 87 level is cleared there should be little to stop it other than the round level before the top.

Now, all that said, we're getting ready to get into a very newsy situation surrounding the budget. This could throw even more volatility into the machine so be ready for some wild action.

More to come below.

Have a good day.

GL and GB!

Wednesday, September 11, 2013

9/11 Video Edition - Morning Charts 09/11/13 SPX /ES

The markets don't really matter anyway, we have bigger fish to fry, so I thought I'd simply share a little truth today in video form. The two are from Corbett and are short and concise. The final two are full length movies that are both well worth watching.

For those that are not believers in the 9/11 conspiracy, you only need to pay attention to one thing, Building 7. If you only watch one of the videos, watch the WTC 7 one. I don't see any possible way you can look at the evidence and conclude this building was not imploded (cause it was).

I suggest you start your 9/11 journey with this post from Washington's Blog,

Poll: More Americans Believe World Trade Center 7 Was Demolished On 9/11 than Believe the Government’s Explanation

"The Smoking Gun" of 9/11 - WTC Building 7

9/11 Truth and the Way Forward: Starting a Real Criminal Investigation

Who Was Really Behind the 9/11 Attacks?


Loose Change 2nd Edition

9/11 was where we truly lost control as citizens of our government. Once the Patriot Act was enacted, we lost everything.

Have a good day.

GL and GB!

Tuesday, September 10, 2013

Morning Charts 09/10/13 SPX /ES

OK, half the equation is in, war is off. Now about that taper ON problem? What's that? Not so fast my friend? War may not be off? A war they must have you say? They must have a war to protect the petro-dollar, cover for the coming financial and economic collapse and infuse the banks and military industrial complex with new riches?

They bungled their first attempt at a false flag and are simply gearing up for another that may involve Israel this time? If we can't start it by God, then someone else will? They forked it up, are pulling back and reorganizing for their next push FORWARD. Now it is just a matter of timing. It is a when not if circumstance.

Personally, I'm starting to think this whole thing was one big show so far. Almost like it was scripted from the start. I'll give one observation that gives it away to me - are our military leaders so stupid to put that many ships in that small of an area at such risk where if a conflict started that whole fleet would be at risk? Makes little sense to me. Looks like maximum drama. And Putin getting to come out on top looking like the superhero? It all reeks of a rigged conflict to me.

Tomorrow is 9/11. That will be a bit obvious for my taste if something were to go down then, but you never know. As sloppy as our planners in the CIA are you can't count this day out as a possible event day. I'm more concerned with the November black out or the FEMA Region 3 October events that have been rumored.

Bottom line is it's all about who or what will buy the UST and keep the ponzi afloat. Who are we going to whore ourselves out to this time (it was China and Japan for a few decades)? Qatar and Saudi Arabia were/are about the only players left in the game here. Military protection and a LNG pipeline thru Syria for them to support the petro-dollare in UST purchases and eventually own what's left of America? Sounds like a bargain!

The rest of the world knows we've put ourselves into a checkmate situation, and the only way out is to break all the rules and blow up the game board. We're screwed. The Fed and administration's BS economic (spend first and ask questions later) policies have completely failed. BSB and his Keynesian printfest has not only been a complete failure but will bring our financial dominance of the globe to an end. War here is a must, so do not listen to all this happy, happy BS about Syria, Putin and all is well now crap. They are just regrouping for a bigger and better move that can not be denied.

As for the markets - someone discusses extreme volatility surrounding this forming top a lot these days. Someone has warned about getting too one sided before the "event". Oh, the top is coming and the capitulation to follow will be of epic proportions, but till that happens you must remember you are dealing with a completely rigged market and a bunch of desperate elitist assholes.

You must remain patient and expect the unexpected (like the possibility of an post LEH 2007 final bull trap that could lead into the Xmas season to save one last retail season). If they don't get their war this year, they will at least try and save the markets till the war does come. I think you have to be very wary every day from now on out and especially the first weeks of October and November.

Minis 4hr - I told you I had little faith in the green resistance diagonal. I still contend the market is without form and in a very precarious position. 1678 resistance here and 1687 just above are the next roadblocks. The 4hr indicators are beginning to get a bit weary, and I pointed out yesterday that all the ST charts have negative divergences and are overthrowing their respective situations. Here we are in the midst of another improbable ramp.

SPX Daily - Going to close the gap? Lots of green up arrows on those indicators. So much for the bear 20/50 dma cross. Blue (like red on the minis) major support held. They took it right to the brink of collapse and turned it like a champ. They built up the bears and kept them in the game and now, possibly, and other short slaughter is on. That is their best tool for lifting the markets now since liquidity is all dried up. This will limit their upside potential. Watch the gap above and then the round level. Resistance should be strong.

So the bastards have bought a bit more time. It won't be long though. Budget discussions begin this week. They should be interesting. I suggest you read Treasury: Debt Up $0 in August; CBO: But Deficit Was $146B where you will find,

"Total federal receipts were $185 billion during August, according to the CBO, while total federal outlays were $331 billion. Thus, the Treasury was forced to engage in $146 billion in deficit spending.

Despite this deficit spending, the Treasury reported that at the close of every single business day in August, the federal debt subject to a legal limit by Congress remained exactly $16,699,396,000,000."
It is a shell game that is coming to an end very soon. Be ready and remember anything globally that happens is to protect the petro-dollar and to drive external purchases of UST.

More to come below.

Have a good day.

GL and GB!

Monday, September 9, 2013

Morning Charts 09/09/13 SPX /ES

Confused? Tired of all this crap? Well, don't feel like you are on an island. I promise you are not the only one struggling with the market/war/taper/debt/problems du jour. It's all part of the Fed's game, to keep you guessing. It's how they get free money/liquidity via hope taper will be off and everyone hangs around knowing the Fed will not leave their long equity positions hanging. We all know it, "can't happen here."

Mundane, redundant, insanity all work to describe our current global situation. You all know well my frustration with this whole mess. STB relinquished to the Fed over two years ago. I punted to the simple, "Follow the Fed" mantra as trying to rationalize anything became impossible. A realist that sees the world for what it really is can't battle unicorns shitting skittles, don't work.

The good news is we're nearing an end game scenario where even the Fed says they can't keep printing to keep the lies and every failed policy alive. Well, that's good news to some and really bad news to others. It all depends on your perspective. Some see it as an end and some a new beginning after the collapse of the global economic and political system.

The situation dictates a collapse, but how we come out of this will be up to us. Can we resist the NWO and the entitlement/debt serf future they have for us? Can we destroy Agenda 21 and the future the elite have mapped out for us? Can we retain our inalienable rights? It will be up to us and it will include very hard choices.

Their path will be easy and relatively painless, but it will also lead to a slave type system where we all will work and live for the state. The other path will be thru the fire and be horrifically difficult, but it will lead to true freedom from suppression and government rule.

We're on the cusp if you can not tell. The elite are seriously moving forward with their plans to take completed control of the globe. Fortunately for us the Russians and Chinese are not (at least not yet) as set on global domination as the US government is. If potus can fire on Syria, the dynamics change dramatically and there will be no going back.

As for this week we obviously need to focus on 9/11 and congress being back in session with the votes on action in Syria being highly important. Oh and don't forget the budget battle, O care and immigration issues that are all about to be pushed front and center. The bargaining is just about to get hot and heavy. We're gonna find out who has ball and who wants what the most very soon in DC.

Minis 60m - We've been following the yellow channel up just above the red diagonal major support for close to two weeks now. Price is meeting near term green resistance. I'm not placing much weight on the green diagonal resistance, but it is there. 1666 may be a bit more meaningful technically as this formless (IMO) fall off the top searches for some sort of structure. If this is a falling megaphone, then something very soon is about to happen that will send this market screaming south. Anything sub 1627 or 32 and SHTF could become reality for the markets. Till then the hope of taper/war OFF will push markets up or at least keep them in a stable range.

SPX Daily - 1665 is the 50dma and that is acting as resistance. The 20/50 dma bear cross last week was not a positive. Indicators are working north off positive divergences assisting the climb for now.

Greed rules and pigs will get slaughtered eventually. Remain patient and at the ready. Do not overstep of justify anything cause it must happen. An "event" is coming. You will see it plain as day. Remember the LEH incident and the consequent rally that followed. There is room for one last bull trap if they want it. On the flip side, this thing could have a 15 handle in seconds.

More to come below.

Have a good week.

GL and GB!

Friday, September 6, 2013

Open Weekend Post 09/7-8/13

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

No telling what could happen at any moment now regarding a false flag or a war. I'n in the first week of October camp now for a potential event. Unfortunately, we may not make it till then as out trigger happy Nobel Peace Prize winning potus has backed his puppet ass into a corner. Fortunately for us, the whole world is on to their crap, and they can no longer just blatantly pull off a FF. Unfortunately, they will now just go straight to war. Fortunately, the people are finally speaking out against something and are being heard. Unfortunately, the politicians are controlled by very large and powerful special interest groups that rule the world. Fortunately our military is tired of fighting for the elite and may just say no when called. Unfortunately the sick bastards running the show MUST have war and NOW or they lose.

I'll post charts if necessary after I update a few this weekend. Thanks for another exceptional week on the blog.

OH! And just to make sure you all know what's up with Fukushima (which is worsening every day but not in the news cause of Syria)

fukushima out of control 9-6-13

Enjoy the weekend.

GL and GB!

Morning Charts 09/06/13 SPX /ES

From 10Y Crosses 3.00%, Just 50bps Left Until The "Disorderly Rotation",

"The bottom line is: if firms are unable to borrow cheap to fund the buybacks and dividends that investors have become so enamored with (and conditioned to); a disorderly rotation from rates will in fact have a major negative on equity prices as capital costs surge making shareholder-friendliness uneconomic... considering by far the greatest aspect of EPS beats has been a reduction in the float via buybacks, the fear should be that the much-hoped-for rising rate scenario (lauded by so many as indicative of great things ahead) is in fact nothing but flow-driven and will crush EPS."

I have to agree with most of the above to the extent that easing is not mentioned, but I'm sure it is implied somewhere as that Fed inspired liquidity is the lifeblood of everything. As mentioned, it is almost impossible to succinctly describe any situation these days without involving seemingly hundreds of interrelated items all stemming back to the Fed's intervention and the complete lack of regulation.

With that life giving liquidity injection in danger of being removed, the bond markets are reacting accordingly. They are losing control of the artificially low rates that have been manipulated by the Fed for the past five years (if not moar). Again, knowing all data is complete bullshit (think GDP, housing, employment or anything that comes from the BLS), what are we to believe? Welcome to the Matrix where reality and fantasy can no longer be distinguished.

ZH yesterday posted These False Flags Were Used To Start A War which covers exactly what STB posted last week is a good read and information all around the globe should know. With the G20 winding down and our Nobel Peace Prize winning potus losing his bid to invade Syria without any cause (other than to get a NLG pipelines thru it for Qatar and to completely destabilize MENA for the benefit of the Saudis and the petro-dollar and to cover up 6 years of failed extreme liberal Keynesian economic policy), you should be expecting another false flag incident this month. 

How markets are not in complete liquidation mode is beyond comprehension, but then again, what over the past 7 years has made much sense? Impending war, exploding rates, overvalued equity markets, taper ON, employment, debt, O care, what is not failing other than the equity markets? The bottom line is the markets are a farce, an illusion as I have been explaining over the past several years, led to mislead you to believe all is well when it isn't. 

With trade dominated by the liquidity injections and HFT algo bots giving the impression there is actual liquidity in the markets by making gazillions of false bids via co-located servers, the markets remain aloft. We're one "event" from the algos turning on their masters and a series (not just one but several) flash crashes away from market instability like never seen before. 

This brings us back to the false flag and the impending war. Folks, they WANT TO crash the markets. Their failed policies have led to them no longer being able to support both the markets and TSY/MBS purchases to keep their system alive. One must be sacrificed and that one will be the stock market. So be ready sooner than later as the coming war will be the distraction and alibi they need to cover for the failing equity market. 

 SPX Daily - They are hanging on by the skin of their teeth. STB started discussing extreme volatility months ago that will be associated with major top formation. STB has also been very cautious of one last great bull trap as seen on 2007 even after the LEH incident. They have to make their move from this level and possibly at this time, cause if that blue support diagonal cracks, I believe the great bull run (greatest bull trap EVER) in the greatest bear market every will finally be over. 

Minis 60m - Yellow channel into upper green and nearing 1666 resistance. IMO the markets still lack any sort of form or major distinguishable form that it should be following. I'm not placing much faith in that green resistance right now, but if it should hold, this could be the point of reversal where the markets make a serious move south ending all bull hopes of another move up. The red support diagonal near 1626 in the lower right corner IMO is everything right now. That is the "red line" that can not be crossed. From the top my first target was 1655 and second was the red diagonal.

I have not made any sort of calls to the upside other than warning of the market ending desperation bull trap (if that was not the run off the November lows). As mentioned, there is no real form to this move off the top which keeps me leaning to the bearish side of things. If they can manage to take out the green resistance and 1666 next week may be a good one for bully, but with congress coming back in session, 9/11 and the budget debacle I would not be counting on anything to great. A taper OFF discussion is about the only thing that will lead this market higher at this point.

More to come below. Thanks for another great week on the blog.

Enjoy the weekend.

GL and GB!

Thursday, September 5, 2013

Morning Charts 09/05/13 SPX /ES

GG. That's what the kids say these days at the end of a game. Good Game, GG. I have a feeling that we're finally ending our game as we know it.

Revelation 6:3-4 (NKJV) When He opened the second seal, I heard the second living creature saying, “Come and see.”[b] Another horse, fiery red, went out. And it was granted to the one who sat on it to take peace from the earth, and that people should kill one another; and there was given to him a great sword. 

Matthew 24 4-14 Jesus answered: “Watch out that no one deceives you. For many will come in my name, claiming, ‘I am the Messiah,’ and will deceive many. You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come. Nation will rise against nation, and kingdom against kingdom. There will be famines and earthquakes in various places. All these are the beginning of birth pains.

“Then you will be handed over to be persecuted and put to death, and you will be hated by all nations because of me. 10 At that time many will turn away from the faith and will betray and hate each other, 11 and many false prophets will appear and deceive many people.12 Because of the increase of wickedness, the love of most will grow cold, 13 but the one who stands firm to the end will be saved. 14 And this gospel of the kingdom will be preached in the whole world as a testimony to all nations, and then the end will come.

O, NSA, IRS, hated Christians, nation against nation, take peace from the earth, people turned from faith, tell me what you do not see now that is not written here? Chilling? Absolutely! Want to add stars falling from the skies to that? The Russian meteor and the coming comet Ison may just be signs from above. Maybe it is time to start locating a cave in the hills that He said we needed to hide in.

The bastards in DC are willing to destroy everything to maintain their power over the globe. The attack on Syria is totally unnecessary and unwarranted (unless you need a war so your buddies in Qatar need a LNG pipeline thru Syria or you need to protect your currency from losing world reserve status).

I could seriously throw down a major rant on the above and more, but I'll just keep the post short noting that the worst of all is our complacency for the whole mess. The fact we're allowing this to happen, we're not in the streets raising hell to stop out out of control government. It is a sad, sad, sad state.

TNX (10yr) Weekly - I've been showing you this rising wedge for years now here at STB. This is a perfect technical multi-year rising wedge with and ending diagonal that has now failed. This does not bode well at all for rates staying low, and with 3% oh so close at these levels, it is scary to think of what's to come.

Minis 60m - Formless and wandering, holding just above the critical red support diagonal. 1655 and then 1666 are the next major support areas while 23 remains major, major support.

More to come below.

Have a good day.

GL and GB!