Thursday, October 31, 2013

Morning Charts 10/31/13 SPX /ES

Happy Halloween STB! Today may be the spookiest day of the year, but spookier times have never faced this nation or even the globe.

I've been discussing my fears surrounding November and the SNAP food stamp cutbacks. Remember, we're talking about this administration ticking off 50,000,000 of the neediest Americans. Classy, I know. Don't forget the demoraps that voted for this cut will be spinning this as the GOP's fault and more of the childish and disgusting name calling from the libtards will ensue. Basically the democraps are about to throw their voting base under the bus.

To those of you that have never seen it or think it can't happen here, we can get pissed off and it has happened before. I suggest you watch the following video.

I've also been discussing the EMP power grid shutdown drills that are to come in the northeast on November 13-14. The combination of the SNAP cuts and this unprecedented power down give enormous potential to a false flag situation. Give the poor a couple of weeks to get pissed off and hungry and then cut the power off to show them who's boss? Sounds plausible to me. Oh, and while the power is off a few bombs go off and POOF/OOPS all your money was stolen on Wall Street. 

Think I' exaggerating when I say that the train is coming off the tracks and we've gone beyond repair as a nation? Then just take a look at the Drudge headlines. Read them daily for a couple of weeks and then come back and tell me if I am wrong. Spooky times indeed!

On to the lie -

I'm ticked. I can't find an old pumpkin chart and SC is not letting me draw a new one for some reason. 

You got a chartapalooza yesterday, so go there of longer term or bigger picture stuff if needed,

Minis 60m - The rising green wedge failed. Then the gray wedge failed. Now the 60m 200ma (1751) is all there is left above the busted upper pink channel resistance backtest and the 23% retracement (1741) witch (lol) is key support here. As for resistance, the blue and beige lines above are major resistance points and they are at 1769 and 1781.

SPX Daily - Not much to say other than she's ready for a sizable turn. Somewhere around 1700 is key/major support.

More to come below.

Have a great Halloween. 

GL and GB!

Wednesday, October 30, 2013

Morning Charts 10/30/13 SPX /ES

Let's just do some charts today. 

DOW Weekly - That small yellow channel to the right, that's seven months of choppy consolidation happening just under blue long term market resistance. Weekly negative divergences are pretty glaring.

DOW Daily - A closer look at the above. The 14,777 area is obviously critical support here.

NAS Weekly - Overcooked.

RUT Weekly - Very overcooked.

SPX Weekly - Well done. 

SPX Daily - Just nasty overbought and blowing thru upper resistance.

EUR/USD - Lower green LT support just barely hanging on as price blue wedges up into peach channel resistance at which point it should be the beginning of the end for the Euro. The target is near 80 if the HnS plays out.

10yr - Possibly my favorite chart of all. Busted and backtesting. That's not good.

SPX Daily - This is really stupid now. Overthrowing in an overthrow in and overbought market with negative divergences galore breaking upper resistance all fueled by fiat lies. This will not end well. Enjoy it while it lasts.

More to come below.

Have a good day.

GL and GB!

Tuesday, October 29, 2013

Morning Charts 10/29/13 SPX /ES

I've moaned and groaned about it for years. It is truly disgusting how self absorbed, greedy and selfish we are as a people. The ME or MINE generation in all its glory is being exposed. From the entitled to the rich, the internal makeup is identical, mine, mine, mine, is all that matters. Give me mine and then give me moar, cause I'm worth more.

Really? Simply cause we exist we deserve something? Cause I'm alive I'm entitled to live at a specific standard? And we wonder why people from around the globe look at Americans with such disdain. Maybe someone from a place like Somalia, Kenya or even Mexico would be kind enough to point out that entitlement is not something you are born with. 

Amazingly similar to a pigs ability to waller in its own mess without getting sick, we the sheeple apparently have developed that same immunity. For decades we've done nothing more than lie in our own waste and have come so accustomed to it we hardly even know the mess is all around us anymore. Is it any wonder that antibiotics are no longer working their magic?

Suggested reading this morning comes from Zero Hedge -Guest Post: Culture Of Ignorance - Part I where you will find this wonderful quote, 
“Five percent of the people think;
ten percent of the people think they think;
and the other eighty-five percent would rather die than think.”

- Thomas Edison

I believe Ocare is the pinnacle of the entitlement state's failure. It encompasses everything that is wrong with this nation covering every spectrum from social to political. Greed, corruption, self grandeur, entitlement, laziness, lack of attention to detail, lies, the list goes on. That list perfectly sums up how we've reached this destination and the irreparable damage we've committed to the nation.

I ask again, would our founding fathers have fought and died for this if they knew this was where we were going to end up? I think not. I think they would be horribly disappointed. I think we all should be disappointed. Do we deserve better? Not no, but hell no. 

Have we earned anything? Not really. We're devolving as a nation and as humans. Slothfulness and greed are a terrible combination and we exemplify the unimaginable combination of the two. 

We're about to face the purging that should have happened in 2008. The great bitch-slap is coming and it will not be pleasant. When this economic meltdown and financial catastrophe finally hits the wall the nanny state will not be there to save us anymore. 

Our great provider and protector is about to grow a great set of fangs and horrendous claws and turn from angel to daemon. What once provided will now police. We're close and now is the time for you to separate reality from fantasy. Now is the time for you to realize that it is to late. Now is the time for you to rise from the waste pile, wash yourself off and start paying attention. 

That our government is out of control is an understatement. If you still contend that you have rights on paper or provided by a Constitution, that is a stretch. What's written no longer applies to those in power. It's gut check time people. Get it together or else.

On to the lie - 

Daily SPX - She's ready, but team manipulation is apparently not. Daily MACD histogram is about 2 days overdue predicting a turn. That's a bit unusual. They can't let it fall or even correct at this point. There are some massive holes under price that they have created and must protect now.

Minis 60m - Wake me up when price either hits the upper LT blue resistance diagonal at 1768 or if it crosses the lower gray support near 1753.

More to come below.

Have a good day.

GL and GB!

Monday, October 28, 2013

Morning Charts 10/28/13 SPX /ES

To put it all in ridiculously simple terms, the rich actually believe they are getting richer, and the Fed has everyone fooled that all this is real by keeping the markets inflated via printing funny money. So another FOMC week and we can expect moar of the same. They've proven that they can't taper, so there is only one way to go now. As we close in on the event horizon, since we can't possibly turn the ship around at this point, we shall print till we cross into the black hole. 

We're so far past ridiculous at this point that ridiculous can't even be recognized. It's quite obvious at this point that the death of the greatest economy in history is rapidly approaching. It's blatantly clear that our democracy is dying, and a socialist state is attempting to rise. This brings the questions, can you have a stock market in a true socialist state? Do you have pension plans in a socialist state? Do you work for anyone other than the state which owns all? Do you technically own anything in a socialist state?

Their only out left is the $19 trillion in retirement funds held by the citizens of this country. They will come for this sooner than later. This will be their last out, and it will mark the end of our democracy. They will make their move after a horendous domestic false flag what will more than likely involve a nuclear device. They are planning greatest theft of wealth in the history of the planet.

This is where the NSA, CIA, DHS, TSA working under the Patriot Act and the NDAA come into play. This is why the current administration has removed 11 high ranking military officials that will refuse official orders to fire on American citizens, and they are replacing those with ones that will. This is where the FEMA regions, governors and camps with re-education centers (which are being staffed) come into play. This is where the implementation of the UN's Agenda 21, the North American Union,  and population control begin to come real.

Screw the markets. They are no longer important. They are the distraction to reality at this point. You need to be focused now on saving your ass, and the only way to do that is moving out of the markets and out of the dollar into real assets. Tangible, useful, barterable, edible, drinkable, shootable assets should be your main concern here, not this POS lie they call a market. The crash will come, and you can't eat stocks and bonds. 

On to the lie - 

In August of 2012 I warned that we had entered a period of unprecedented market manipulation. Anyone questioning that call now? The big question here is can they take out the SPX upper long term bull (in a bear) market resistance line (blue in the below chart). They've managed to do this on the RUT. 

Minis 4hr - Here we are seven days after the 1762 STB point that was noted back in August. The only STB points above that are left are where red support meets the resistance diagonals pink (1776 in February) or blue ( 1840 in April). This could mean that your upside from here is 100 points and your downside risk is pretty much limitless. 

Minis 30m - They now have to hold the busted upper pink channel resistance at 1740. Note the void below that diagonal. 30m 200ma could be key here. 60m 200ma is even more so as it lies on 1740.

SPX Daily - It is what it is.

More to come below. If you did not see the comments section in the OWP (or any day for that matter) it is an incredible source for virtually every article you would want to read. RC, DC and others have linked up every relevant post you could want to see. Thanks for the effort folks.

Enjoy the week.

GL and GB!

Friday, October 25, 2013

Open Weekend Post 10/26-27/13

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

Hear that knocking? Well, that the dude at the door with a sickle, and he's not here for Halloween. He's here for the USA.

I'll post what I find, you do the same.

Enjoy the weekend.

GL and GB!

Morning Charts 10/25/13

Minis 15m - Green rising wedge busting support and the backtest of the yellow channel busted support all just above LT pink channel resistance forming a gray wedge as price consolidates. 

Minis 60m - Green rising wedge busted support challenging upper pink channel resistance as it backtests the yellow rising channel's busted support.

Minis 4hr- 

Minis Daily - Busy, but here you can see all the formations I discuss all the tile. The pink channel, upper blue LT resistance, critical red support and below the end of the yellow rising wedge that was the larger dominant formation that price is overthrowing here at this time.

Dollar - /DX - could be about to make a serious breakdown. Rising beige wedge busted support and green channel is breaking support as well. They may be about to enter serious dollar destruction mode.

Oil - /CL - Price here I don't trust one bit, but testing red LT support and backtesting HnS neckline at $98 support. Looks like a breakdown is possible, but I think MENA disturbance is about to ramp back up.The Saudis are not happy with us at all. A breakdown here could signal more troubles for the dollar IMO than anything.

Gold - /YG - Tinkering with the 38% retracement channeling south. Possible daed cat bounce here and might be gearing up for another run north.

Index Comparison - Dig the Trannies run and the DOW is lagging or leading?

More to come below.

Enjoy the weekend.

GL and GB!

Thursday, October 24, 2013

Morning Charts 10/24/13 SPX /ES

Goodness, so much to complain about I'm not sure where to start this morning. I've been telling you for years now all of this was coming. I've discussed repeatedly how things were spinning out of control at a rapid pace with the list of political, social and economic issues expanding at a rate that was impossible to manage. It was close to two years ago that I threw my hands up and gave up trying to address all the daily issues facing us in the morning blog posts. Lord knows the readers of STB are avid alternative media readers, and between that and the comment section here, there is really little reason for me to do more than highlight the financial and economic issues that will effect the market that day or week. Heck, what more is there to note financially that follow the Fed?

It's become a bit overwhelming to say the least. Well, at least this near the end game we can do summary analysis now. Something like, I told you Obummer would be the worst president ever and that his sole mission was to destroy this nation. Then I can point to the myriad of lies and failed policies all leading to the racial tension, the greatest wealth disparity ever between rich and poor, the mega expansion of the police state, the destruction of civil liberties and the Constitution, and the wasted money leading to the insurmountable debt that we all must bear of which the ACA is the cherry on top.

You must remember the foundation of every great socialist society is national health care. You're witnessing the turning of the corner from democracy to socialism. I hope you know that. More evidence? O's actively removing officers from the military that will not fire or detain US citizens and active troops are being questioned of their willingness to perform such actions. Domestic drones, firing on innocents, NDAA, NSA, DHS, and other draconian surveillance methods all lead to them changing the military oath from to protect and to serve the constitution to protecting and serving the State sooner than later.

Of course this will begin to culminate with the November 01 cut to the food stamp program. I'm pretty freaked out about this especially after a small glitch in the system last week proved that it would take just the smallest spark to set the poorest of the poor off, and that was GIVING THEM MORE MONEY not taking it away. Let the riots begin! This dude is about to severely piss off the poorest, most unruly, lest educated, and most violent section of the populace. Most surprisingly he's about to alienate the democratic voter base. Now, if he's willing to do that then what does that tell you about the presidential election in 2016? That's right, there may not be one.

You need to be ready come 11/01. I'd be stocked up on food, batteries and such. If you have any prepper items left to get I'd go ahead and get them. This is either a trial run for the big one or it is the big one. They are about to intentionally piss off a really large segment of the population. How will they control us? They will shut off the water and power and instill curfews. It's coming and it could be less than two weeks away. Get your ammo, water filters, batteries and food ready folks. This has potential to be a very unruly event.

On to the markets

More bad news is good news. At least that has not changed and still can be relied on. Futures Ramp On Declining European PMIs, Japan "Wealth Effect" Warning, China Tightening Fears

Minis 60m - Pretty simple stuff here. Price rode the green wedge up after the great stick save at critical red support all the way up to long term pink channel resistance and is now actually threatening a breakout. Beige and blue resistance above are another layer of resistance here along with old yellow channel support backtest. Want to discuss divergences? Look below. On this 60m chart alone we're on our 5th negative divergence and the market went into an overthrow on the third divergence - that's pretty extreme for such a short time frame and even more extreme when you tie it into the overall context. This is VERY toppy. I'll cove specifics to support and resistance below.

More to come below.

Have a good day.

GL and GB!

Wednesday, October 23, 2013

Morning Charts 10/23/13 SPX /ES

What's there to discuss? How CAT is run by a bunch of morons that don't know how to cook their books like all the rest? Taper on in China means markets off here? How CNBS had posts that say market is technically sound?

Well if you call a house of cards technically sound, I guess that's all good. Coming from the government's main propaganda machine, sounds good to me, right? If you call monthly, weekly and daily negative divergences on markets at all time highs supported by endless fiat printing technically sound, be my guest. It's all good. Ah, the new normal. Just kick back and enjoy it.

Minis 30m - Pretty simple, Green rising wedge (bearish) runs to upper pink channel resistance (bearish) with multiple negative divergences (bearish) as the upper BB gets abused (bearish) for the 4th day in a row as price continues to set new all time highs. Where do you think it should go? 1706, 1687 and 1671 are support. That 1671 number is most disturbing as the red critical support diagonal is really starting to get a lofty number associated with the support it offers. Sub 1734 and the 1710 38% retracement and 06 support should be your first target. for you momo worshiping upside shills, the numbers are 1766 to 71 as ultimate resistance here.

Not much else to say right now. Those numbers above should be very sound targets. Very dangerous here as the chart shows, there is little support below this latest run and anything sub support should bring the critical red support into play. Interesting as a break below the upper pink channel resistance brings 1605 into play as that is lower pink channel support.

In the most disturbing news this morning The Regime of The Long Knives – Obama Fires 2 More Military Leaders, What’s He Up To? When they start eliminating the ones that disagree with friendly or support ethical fire you need to start really paying close attention. Add this to the recent Chase capital controls and many other issues arising and you should be able to start putting the pieces together for yourself.

More to come below.

Have a good day.

GL and GB!

Tuesday, October 22, 2013

Morning Charts 10/22/13 SPX /ES

Looking forward into the holiday season I may need to map out the flow of posts on the blog. Maybe this close to Halloween I should start doing some spooky posts attempting to scare the hell out of you about where we're headed. Crap, I do those every morning. I'd need to then lighten the mood heading into the Xmas season. Then at the first of the year I'll need to give another God is dead post like I did this year and start hammering reality into your head till the big one hits. Funny how these blog things ebb and flow. I really (obviously) don't put much thought into what happens here each morning. It just kinda comes out of me and what you get, you get, and I'm gracious that you all come back and even like some of what I do.

Speaking of flowing, have you seen your stock market lately? Well, thanks to the Fed and their steady flow of cash into the markets one would never have a clue as to what reality looks like. Let me give kudos to the Fed for one thing. If you are going to coerce someone into something, at least make sure they are enjoying it while they are taking it up the backside. That is a lesson this heavy handed administration could learn. Shoving something down one's throat whilst having the NSA on one side and some deranged park ranger in full riot gear with a gun to your head on the other is no way to do business.

One thing caught my eye this morning at Zero hedge. In "There Will Be No Place To Hide" - Markets Are Over 50% More "Exuberant" Than In 1996 I found, "The above checks are all warnings that cyclical signals could turn down during the next correction (or at least in the near-term)." Typically, the brainiacs that crunch the numbers, do some really fantastic analysis, and draw rational conclusions miss the point that this market no longer resembles anything involving reality. For example, calling this a cyclical bull market, really? Matrix jokes aside, reality no longer exists and everything is truly constructed for your consumption and to drive your imagination. Those hanging on to any sort of fundamental or historical metrics, give it up and get with the program.

For real, check out Dismal Jobs Reports Sends S&P To New All-Time High. Heck GS told us the market would be happy either way yesterday.
"Any positive number will be discounted because it came before the DC theatrics and if it’s weak it confirms that tapering should be put off longer."
This game is not that hard when the dealer is playing with a loaded boot and can hit an ace whenever he wants.

Follow the Fed folks. Do nothing more or less. That meme still plays strongly until it doesn't. It's the when it doesn't that you really need to be concerned about.

Gotta love a bad jobs report!

Minis 4hr - Challenging upper pink channel resistance here as the rising green wedge plays out. If they want the blue LT upper market resistance near 1766 so be it. If they want to backtest the beige busted channel support that would not be so nice. If they can force thru this 1736 level, 66 would be the next resistance at this time. Looking south, it's all about that red support diagonal near 1666. Of course the round number and 1687 have to fail first. I'd like to see consolidation going forward between pink resistance and red support. If not that then blue resistance and red support.

More to come below.

Have a good day.

GL and GB!

Monday, October 21, 2013

Morning Charts 10/21/13 SPX /ES

I read this and thought this sounds exactly like my daily musing, so let's roll with it.

From Zero Hedge- "Following last week's last two day panic buying driven not by data (since in the US it has been delayed until late October and November, and elsewhere in the world it is just getting worse) but by the catalyst that the US isn't going to default (yes, that's all that is needed to push the S&P to all time highs) and just hopes that the tapering - that horrifying prospect of the Fed reducing its monthly monetization by $15 billion from $85 to $70 billion in line with the decline in the US deficit - will be delayed until March or June 2014 because, you see, the Fed isn't sure how the economy is doing, it makes no sense to even comment on the market. Squeezes, momentum ignitions, rumors about what Messers Bernanke and Yellen had for breakfast, Goldman's 2015 S&P forecast of 2100: that's the lunacy that passes for market moving factors. News, and reality, have long since been put in the dust. Just keep an eye on flashing read headlines, and try to buy (remember: anyone caught selling by the NSA is guaranteed a lifetime of annual IRS audits) ahead of the algos. That's what Bernanke's centrally-planned "market" has devolved to."

Looks like we're back to following taper talk to track the market which will be totally confounded for the near term as BLS BS data plays catch up. You can probably just mail it in for he next couple of weeks I'm guessing. Bad news is good news is ON, which should mean Risk On is ON, all hail the Christmas shopping season! Not sure how well they can ramp it from these levels. Long term resistance diagonals are in place and even archaic fundamental analysis using outdated metrics such as PE are even becoming a bit ridiculous.

Minis 4hr - Backtesting the yellow channel at pink channel resistance overthrowing a rising green wedge with negative divergences all over the place just under blue LT darket resistance diagonal. Ahh, once upon a time a rational person could consider shorting the market here with a high degree of confidence. Alas, no more. 1666 and the red support diagonal are critical support now. That's quite the raise from what was 1610is not too long ago.

 More to come below. If you have not seen the comments section from the weekend post it is 150 extremely relative comments that are prolly the most awesome compilation of links on the new. Thanks to those that contributed.

Have a good week.

GL and GB!

Friday, October 18, 2013

Open Weekend POST 10/18-19/13

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

I'll post stuff as I see it. You do the same.

Have a good weekend.

GL and GB!

Morning Charts 10/18/13 SPX /ES

Not gonna rant this AM. Done enough of that this week. Since it is all over but the crying, I'll give you my most faithful TA chart, the one that I whink will time this all the best. We're in the window now, so literally at any time the bottom can fall out. This chart says that it will fall out within the year.

SPX Weekly - See the blue diagonals under the indicators? When they go it's all over. They got less than a year left I suspect. Look familiar to 2007? I thought so.

More to come below with minis updates and charts.

Enjoy the weekend.

GL and GB!

Thursday, October 17, 2013

Morning Charts 10/17/13 SPX /ES

Back in mid 2011I came up with the bright idea that the first quarter of 2013 would be as far as they would be able to take this farce. That was one of my worst best calls. I believe the timing was right, but then we the sheeple got taken to the woodshed by a bunch of swindlers and pimps. QE4eva hit and in August of 2012 I tweeted that we'd just entered a time of unprecedented market manipulation like the world has never seen before. The rest is history.

I guess I'm a bit naive, nostalgic or blind really when it comes to this government corruption. Funny to hear me say that? Kinda, since it is all I rail about every day. I guess my nature causes me to keep that glimmer of hope alive that some representative somewhere will make a difference in DC fighting for liberty and freedom against the socialist democratic party. Hope is dead. He killed it with the greatest mockery of the word that the world has ever seen. 

Well, let me correct that, hope for the socialist control state where freedom is fleeting, marshal law is rising, and the entitled reign supreme is alive and well. Hope for the destruction of America is as bright as ever. 

We all knew they'd raise the debt ceiling. That was a no brainer. It's the fact that they caved to potus demands that's so surprising. Not really I know. I'd written about the prancing peacocks and the lipstick on the pig. I knew some sort of compromise would come, but not a total lay down. 

They fell to the floor like a dog that's about to get whooped, roll over, spread your legs and expose yourself. What a bunch of gutless sissies. Damn that money must be good up there to be willing to betray your constituents and country. Either that or the threat of an NSA enema with a little NDAA on the side turned 'em. Nothing like a bit of good 'ol Chicago style strong armed tactics.

So a spending bill from the senate heads to the house, anyone else find the illegality of that a bit enlightening? I think they've set up to fail and left themselves an out that no one is contesting. Well, we know what happens when you contest a fascist tyranny right? Will that be one nut or two you would like to lose sir? 

I can only hope that those of you on the fence now take to heart everything I've written about for he past 5 years. We've lost! It's over. It was over anyway, but the last light of hope just got dashed by the whirlwind of corruption, greed and power that is your new government. 

We're done for now. As for the markets who cares. Charts - schmarts. STB has harped on the manipulation now for years. Can you hear me now? I do believe that TA will get the call right. I do believe that price will never lie. It now becomes a matter of when not if as the charts are ready and have been for some time. 

Sadly it appears my "event" call might have been the best by any prognosticator back in 2009. I saw it then and it's playing out now. Not until something happens, some external or exogenous "event" happens that is out of their control will this end.

Minis 60m - Sorry, no chartapalooza as I promised, maybe tomorrow. I adjusted the green wedge to the right and added a new support diagonal. The only thing that matters now is that red support below IMO. It has risen to the dreaded 1666 s/r point. They are running out of room.

More to come below. As I have preached since 2011, follow the Fed. they are the only game in town. Don't fight it. Check your brain at the door in the morning, become a drone, sideline any emotions you have and whatever you do do not challenge their power or you will lose.

Have a good day.

GL and GB!

Wednesday, October 16, 2013

Morming Charts 10/16/13 SPX /ES

You know, we at STB have done a pretty darn good job at remaining calm while weathering every budget crisis and all the other minutiae they've thrown at us over the past five years. Could this time be the one? Is there a real chance that this time is different? The odds of a collapse are higher now than ever before, and it is a foregone conclusion that the end is inevitable.Thus, why not now?

I'm really not sure how to convey to you just how screwed up this country is and how close we are to losing everything. I've been writing here since 2009, over 1,800 posts, of how dire things are. I've never wavered. 

We've run the gambit from Agenda 21 and the eugenics theme to the FEMA camps and the NDAA all the way to the NWO. We've covered every crisis in detail and linked them all together, and now we're finally facing a real end game scenario. 

I wrote several dire predictions in 2009 that have all come to pass but three. Deflation to hyperinflation, massive global default and the "event" that would end it all. The "event" that would be out of "their" control that would rip their power form them is the most discussed here on STB.

Right now our resident socialist, spoiled ass, childish, immature, muslim president nut job is at the helm and has our ship headed straight towards the cliff. He WANTS us to crash. He wants this country to be destroyed, and we're gonna let him do it. 

I'm afraid we're not receiving his signals very clearly even though he's broadcasting loud and clear. If he's inconvenienced the slightest bit when installing his policies, then he has made it painfully clear that we will feel his wrath until he gets his way. His warning shot was the shutdown where he took the most incredulous steps such as closing down the Veterans War Memorial and such where we the sheeple would feel his wrath. 

This was just the start. Now he's promising to send this nation into total chaos by cutting off the retired and the welfare state from their entitlements. That's right, the entitled dumb shits that voted him into office will be the first to feel his wrath. How nice. Since he can't mobilize the blacks and the poor to do his bidding, he'll force them to riot and cause social unrest by cutting off their EBT funds. This is not gonna be pretty. 

So, instead of taking the painless route, instead of negotiating, instead of acting like a responsible adult and not a tyrant, instead of taking funds from the defense budget, he's going straight where it will hurt this nation the most. What an ASS! Can you say Devil? Antichrist? Leader of the Muslim Brotherhood? Supporter of Al Qaeda? Traitor? And, yes, he's our president. Amazing. 

I seriously hope the GOP does not cave to this blackmail. I hope they let the chips fall and the country fail. We need the purging. We need about a billion doses of colon cleanse right now to remove the excess waste that is stuck in the bowels of our system. Not till we've been cleansed appropriately (which includes eliminating the Fed) will we ever recover from this debt nightmare. 

Get ready folks. It's about to get really nasty. 

Minis 60m - Pretty simple, bearish green rising wedge has failed and may have backtested. The second STB point is above at 1762 where yellow meets pink. Bout the only way that gets hit is if they come to a resolution and the markets spike. 1687 is critical support. Price is above the 61% retracement and was only stopped by the 78% line yesterday. Anything over 61% had led to a higher high thus far in the bull in a bear market. I think we get more pong today as the market/algos will follow whatever news reports tell them to do.

I'll do a chartapalooza tomorrow and give the rundown of how desperate things are technically. 

More to come below.

Have a good day!

GL and GB!

Tuesday, October 15, 2013

Morning Charts 10/15/13 SPX /ES

Not much to say other than the deadline of the 17th is just ahead. Whether that matters or not is kinda a mute point as they will not default. The scare tactics are at a peak right now. We all know they will not default. We all know they always take these things to the 11th hour or beyond then wind up with some crappy deal that accomplishes nothing. Right now all we have is a bunch of political peacocks prancing around and preparing to put lipstick on a pig. Congratulations America, you now live in a dysfunctional socialist state that lives a lie supported by the arab spring protecting the perto-dollar.

Minis 30m - Rising wedge consolidating at the 78% retracement.

Minis 4hr - Rising green wede to the right covering this volatile topping process. I'm not really seeing the HnS some are mentioning, but I can see the case that is made that one exists. STB point at 1726 just above where yellow meets pink. Not sure it's possible, but who knows?

Not much commentary or analysis, cause we're in wait and see mode. Let them play their cards and react. That is all you can do at this point. the 61% retracement is gone, so a higher high should be in order if trend holds at this point. If it does not, then this very possibly could be the best area to short for long term play, but I'm not biting on that quite yet.

More to come below.

Have a good day.

GL and GB!

Monday, October 14, 2013

Morning Charts 10/14/13

Sometimes people need to be repeatedly told about certain truths till it finally hits a nerve. I hope that some of you that have been on the fence for years are finally having the revelation that I had around 2007. That was when I finally crossed the line from conspiracy theory to conspiracy reality. That was when I finally left the world that I was taught was right, I left the box, the matrix, and I entered the harsh cold world where good guys don't always finish first.

Since the signing of the Patriot Act it's been a long downhill slide for liberty and freedom. If the current administration and congresses' actions from signing the NDAA into law to the Veterans War Memorial shutdown don't have you convinced that we're rapidly moving to a totalitarian state you are a lost soul. You are not a true American. You are a leach.

Sadly the the largest leaches are in control. The biggest, darkest, slimiest, most disgusting bunch are at the top setting the example for their hoards of entitled that follow them. If you can not see their attack on this country, that they're hell bent on destruction, their attack on the Constitution and Bill of Rights, you need to wake up now or else.

We're all gonna be moved to hit the streets in protest soon. The second epic war for personal rights and freedom is in front of us. You will be either moved or called to stand up and rally or possibly even fight for what is rightfully yours soon. You will have a choice to make. Either stay in your comfy home with your iEverythings and TV and chose to let the socialists take everything from you while you're apathetic ass sits there, or you can take the hard road like your forefathers did. You would not have any of this if a few brave men did not stand against tyranny a short few hundred years ago. It may be time to pick up their banner again and start marching.

On to the markets -

Minis 5m - the Bull/Bear line I've spoken of is at hand. Friday STB remained calm as this line was breached, but it has reasserted its self this morning for now. The fall to red diagonal critical support and the 1447 level nailed my second target for the fall. Now here we are back at the critical bull/bear dividing line with Team Manipulation attempting to sizzle the shorts again. Critical here cause of 1687, 1695. 1700 and the 61% retracement of the move off the top. This is it. It's a war zone. They've taken back 1687 sadly. but the war is still raging along that front line.

Could this be the classic second top or 2 top that I want to seriously short into? By retracement and resistance it works. By form it's not the best wedge or the best 3 or ABC move to convince me. At this time I would not rule out a buy the news event for one last bull trap and then the collapse comes hard and heavy. Of course they have to throw a gap in there. Honestly, I would acknowledge its existence, but I would not worry too much about it. When this things really let's go the gaps that are to come will make Letterman's front teeth blush.

Team Manipulation/Desperation remains in total control and don't you forget that. Nothing HAS TO HAPPEN. Remain patient and diligent. Keep powder dry and don't get too one sided quite yet. Remember they are literally in control of every tick till they aren't. They are desperate and we've all see what they are capable of when backed into a corner. Just look at last week of the bottom for an example of that.

More to come below.

Enjoy the week.

GL and GB!

Friday, October 11, 2013

Shanky's Open Weekend Post 10/12-13-13

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

I mentioned this on the board Friday. If you are not on twitter, get there. It rocks I promise. Best news feed ever and you totally control what you see. Real time friggin rocking news feed. Trust me. You do not have to tweet, but you will be compelled to at some point. 

Once there search for me @shakysTB. From there we'll all hook up. You can see who to follow and such and develop your own feed. This will be an alternate communication channel should SHTF or the blog goes down for some strange reason. 

I'll look at the charts this weekend and update some stuff. Right now it looks like they're gonna close it right on my bull/bear line which is just about typical of them. Over 1700 and I think the candle is lit to new ATH. If we stay here the bears still have a chance. 

I hope the truckers in DC get some support.

Enjoy the weekend. 

GL and GB!

Morning Rant 10/11/13

Well it is about damn time someone went to the streets to raise a little hell. Welcome Trucker Friday! I hope the protest is well represented that it sends some sort of message to DC. The Veterans march is on the 13th. I can't wait for them to get turned away from their memorial.  Secession talk is serious and growing from sea to sea as is people wanting to resign their citizenship.

Shall we take a quick look at the Drudge headlines this morning -

and to top it off -


Americans Have Never Been More Dissastisfied With Government

I could not agree more. This begs the question, do you think anyone in DC really gives a shit what we the sheeple think? These bums are in total takeover mode. They could care less. It's all about power and the petro-dollar now. I used to reference this quite often, but do you think our forefathers would have fought and given their lives if they knew it would come to this? I bet they are rolling over in their graves calling us a bunch if sissies right now.

If you have not figured this out quite yet, all this talk of takeover and a corporate controlled socialist state, you know that same stuff I've been bitching about since day one on this blog over four years ago, it's real. Yeah, it's VERY real and you better wake the hell up to what's going down.

From the Patriot Act to the NDAA it's all been downhill, and their cleptocracy is only gaining momentum. We're being turned into debt slaves and they are becoming kings. The saddest part is we're just rolling over like some lazy dog.

Let me get this straight, we've got some punk pissant potus acting like a GD 6 year old holding the nation hostage cause he can't get his entitlement ways and people actually support this SOB? His Gestapo police force is removing handles off drinking fountains in national parks and holding citizens hostage shutting down parks and taking global travelers and citizens hostage in hotels. They are shutting down roadside viewing of national monuments. Screw this!

The nanny/police state is here and if we don't d something now we lose. Some of us are finally starting to wake up. We should be beyond mad as hell at this point (I am already). It's time, for if we don't act now marshal law will be here before we know it. Most importantly, you have to fight now for your children and grandchildren, cause if we don't stand now, their futures will be little more than serving the state paying off this ridiculous debt.

Go to your windows, streets, computers and social media now and let them know you are mad as hell and you are not going to take this anymore.

On to the lie -

What market? Farce, joke, fantasy - if you still have any money is a brokerage account you are playing with fire. Hell, if you still own dollars you have little more than worthless paper. They are going to take it all if we don't stop them now. I wonder how far we will let them go before we finally act. I'm so pissed off at the police force and federal law enforcement officers for enforcing half this bullshit I can hardly see straight.

Markets - friggin BS is all they are. A lie, one big ass lie to make you think you still have wealth and prosperity. We were mere points yesterday from losing it all then out of nowhere a 50 point ramp in the minis and a 330 DOW day. For what reason? Cause we're gonna print more and expand the pile of debt that even out grandchildren's grandchildren will not be able to pay off? Cause they are going to give us back the handles on our water fountains? This is bullshit. They had yet another stick save manufactured in the nick of time just as they always do, and of course CNBS just oohs and ahhs over it like all is well. Just pisses me off to no end.

I'll cover more of the technical stuff Monday and below. My second target off the top was met and then whammo to spike. Predictable? I've called the last two tops and falls to a T, and I'm no brainiac. Just follow the Fed. Know they can't let the markets fail. Know they will come to the rescue. When they are ready, it will fall and then it will all be over. At this point it looks like my call for an "event" out of "their" control to end it all is what it will take.

More to come below.

Enjoy the weekend. Novel idea - why don't you take the time this weekend to write your representatives and let then know you are mad as hell.

GL and GB!

Thursday, October 10, 2013

Morning Charts 10/10/13 SPX /ES

Taper off, Yellen in, everyone knows we will not default, "it can't happen here", so whats the problem?

We're nearing peak absurdity, which can never be good. I think I'll leave it at that this morning. You've seen the news. It's quite sickening all around.

Minis 30m - For whatever reason you want to believe, she's bouncing - somewhat. The promise of a doveish Fed will do that to a somewhat near term oversold market (however that remains massively inflated). My second target off the top of  1647 and the critical red support have held for now. This point had to hold or else it would be game over IMHO and 1600 to 1574 would be in play. 1673 is next resistance which holds the 38% retracement and the upper blue resistance diagonal. Above that 1687 will remain a key support/resistance area.

Minis 4hr - My bull bear line has been lowered to the 1695 area. As long as we remain below 1695 and the 61% retracement of this move off the top, I'll remain bearish. Anything above 95 or 00 and the chances of a new ATH dramatically increase.

Let their game of Pong continue. Let them hold on to their dreams and delusions of recovery. The Fed and this administration are both literally fighting for their lives right now which makes them very dangerous. Keep an eye out for another false flag, preferably domestic. I do not know what they are planning. Not until they are ready or my "event" happens will they let the market fail. Remain patient. We're close.

More to come below.

Have a good day.

GL and GB!

Wednesday, October 9, 2013

Morning Charts 10/09/13 SPX /ES

As discussed yesterday here on the STB comment board, "Our thoughts are that this will get resolved when either the market forces the issue with a big sell-off or when we get closer to an as yet unspecified hard-date as to when the US runs out of money."  I'm positive that for the commenters and me, it's fun being days, weeks, months and sometime even years ahead of the "experts" quite regularly here at STB. We're a bit more crass and don't quite articulate as well as some of these media mouth pieces, we don't use the glorified, shiny and hopeful adjectives, but we do get the message across.

Yellen? Really? That's the best they could muster after all this time? So, what does that say about the global financial situation when literally the most powerful job on the planet is shunned or becomes an afterthought? How bout that, potus and Yellin. Nuff said here. LOL, we're so friggin doomed.

Sadly there is nothing to do but wait and speculate on price and the markets. Bears absolutely must respect the Fed and the uber dove that may come into power. I pretty much think that we've all figured out that Wall St. could suffer a great disaster, even be wiped off the map, and the markets would probably rally on the news from the back up systems wherever they are. It really is that far fetched right now. No, I'm not kidding.

The big deal, the one thing to pay close attention to, and the one thing that is most vital to all their shenanigans is the petro-dollar. I believe I'll start to focus on this a bit more as global events protecting this status should start to dominate the political landscape.

On to the markets -

Minis 4hr - Well, here we are. STB's second target off the top and Mendoza line or what I believe has the real chance of being the point of no return.  Underthrowing the falling green wedge, hitting 1647 support and barely hanging on to the MAJOR red support diagonal. This is a moment of truth. Above I mentioned crashing the markets and a threat the sadistic administration may use to force the GOP hand, well, if that red line and 1647 go, the sell stops will get triggered and 1600 to 1574 come into lay and in a hurry. The markets must make a stand here. This is why I was speculating we'd get some negotiations yesterday. Apparently that may not happen which means bad things for the markets.

 Minis daily - OK, we've covered all this stuff for years now. the blue channel upper market resistance, the yellow rising wedge that is being overthrown now and its apex coming, the beige channel, the pink channel and the STB point at 1729, the development of the red MAJOR support diagonal and the green falling wedge. The fall's progression will go red, green, pink, yellow (twice) and then blue. This next move to 1600 and pink channel support, at that support, you will hear end of life as we know it discussions, and that's right where were headed if she cracks here. That MACD triple negative divergence is rather nasty.

So, we sit and wait while the bought and paid for crybabies in DC hammer out this crap. I'll reiterate that I'm (so far) proud of the GOP for fighting this rogue fascist state. I do not think we'll default on our debt (yet - STB prediction from '09 that massive global defaults would end this mess). I do think the debt ceiling and QE will be increased. I do think the top is set if this support breaks. That may be wrong, but I think I'll be forced to call it either way.

I've discussed the volatility we've had at length. the volatility that surrounds major tops. I've also warned that AFTER the LEH crisis there was one last massive bull trap rally (and that was without a massively corrupt and manipulated market like we have today). I've warned of their desperation to fight and save their system at any cost, any cost. We've discussed that they can not let the markets fail or they lose. Remain vigilant and expect anything. You can still not get too one sided here with their history of BBQing shorts on the barbie. We're close, very close. Hang in there.

More to come below.

Have a good day.

GL and GB!

Tuesday, October 8, 2013

Morning Charts 10/08/13 SPX /ES

Someone is getting more worrieder? "the 10/24/13 T-Bill yield has exploded 6bps higher to 22.5bps this morning as it is clear short-term risk of a missed payment is rising fast." from JPY Jolts Stocks To Overnight Highs As T-Bill Yields Explode Higher is about all the commentary I have this morning. Not sure anything more needs to be said.

I think we're gonna start getting some positive news bites that may be beneficial to price. I'm not sure how earnings season could be beneficial. If anything bad earnings news becomes a positive, cause it will drive taper OFF and increase the potential for additional QE .

You may want to check out Is Homeland Security Preparing for the Next Wall Street Collapse?  from Washington's Blog. "If the banks are shutting their doors, and the cash points aren’t working, and people go to Tesco [a grocery chain] and their cards aren’t being accepted, the whole thing will just explode." Didn't we read just yesterday that the banks are starting to stuff the ATM's with 20 to 30% more cash here?

Minis 60m - Falling green wedge into critical red support. Range is narrowing as price consolidates into this inflection point. I'm not so sure an underthrow is possible, because a break of this red support diagonal will be disastrous. Not to say this is not possible, we'll have to see where the stops are blow this point. Right now after the lower low set last night, the broad range is roughly 20 points from 1666 support to the 1687 resistance and the 38% retracement off the top. The Fed knows they pretty much have to hold this line.

Minis 60m - Bottom of the green falling wedge we've been looking at for the past couple of weeks.

SPX Daily - Blue support, like red above, is critical or 1600 or below comes into play and should be quickly.

More to come below. Not much to be motivated about right now. STB waiting on them to make their move. Market reaction should initially be positive, and with this support area here maybe that news comes in the next few days. If not, and support fails, then the scenario looks rather dire.

Have a good day.

GL and GB!

Monday, October 7, 2013

Morning Charts 10/07/13 SPX /ES

This kinda says it all, "As usual, expect disinformation leaks that send the market sharply higher throughout the day, which however will only make the final outcome that much more painful, because as during every US government crisis in the past, stocks have to plunge so they can soar again." That's from Futures Sell Off As Shutdown Enters Week Two on Zero Hedge.

Several words come to mind, but dysfunctional seems to fit everything right now the best. Maybe, just maybe, the market is going to catch on? Highly doubtful that the rigged casino will follow the economy and our government down the tubes just yet, but it will happen eventually. the HFT bots and algos running Fed liquidity and false bids ca't keep this thing up forever. 

 What you need to be paying attention to ,since the global Ponzi is dead, the EU and IMF are busted and the central banks are all tapped out is exactly this tweet from Max K - 

Cyprus: bail-in 
Greece: now moving toward a bail-in 
USA: default will probably trigger some type of bail-in like pension confiscation.

I'm telling ya, the $19 trillion in retirement savings is the ultimate prize, and they will come for it. Look for them to start nibbling soon. 

Daily SPX - They may force my hand to call a top here soon if that blue support diagonal gives way. If that goes 1600 comes into play and I believe it will be game over at that point.

Minis - well, of course ToS is screwing up this morning, so you'll have to look for minis charts below in the comments. Bottom line is the HnS STB has been pointing to plays out the 1649 to 1652 critical support could be in sight. 

More to come below.

Have a good week.

GL and GB!

Friday, October 4, 2013

Open Weekend Post 10/05-06/13

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

Still not much to say. It's a waiting game right now. Trying to figure out Ocare and the debt ceiling all within a fantasy rigged and manipulated market. It is what it is.

America is like a rotting zombie right now with ears and other body parts falling off or barely handing on.  

Enjoy the weekend.

GL and GB!

Morning Charts 10/04/13 SPX /ES

Nothing is jumping out at me this morning surprisingly enough. I guess I'm a bit resolved to wait and see mode. We're in Government shutdown mode and broke, but all is well. We're on cruise control, the markets are hanging in there, the BLS data looks just fine, all is well and it's just gonna get better, right? I mean why worry about any of this crap going down? I need to just live my life and let the government take care of everything else. No need to fret or concern myself over any of this mess. It can't happen here. I need to go charge more shit on my credit cards to make me feel important and to satisfy my inner Imelda Marcos.

With so many balls in the air, what is there to do but wait for something to hit the ground. The charts are ready, The debt bubble is ready. MENA and the EU are ready. China is ready. Our dysfunctional government is ready. All the dominoes are finally in position and are lined up to tumble. They now just need a push. Something needs to happen to derail the unregulated crime syndicate.

On to the charts

SPX Bullish Percent - One of my favorite top indicator charts. I think you'll be able to see the divergences clearly here. When price keeps rising and BP is falling, then things are not good. And when BP hits this extreme level and price is there as well, you know .....

STB's CPC Chart - Once again, extreme one sided bullishness is usually not a good thing and ends in a not so nice manner. Here is another place where the market overthrow I point out almost daily (from January 01 this year) is painfully obvious. Three sell divergences have been blown thru, and the bullish stance is way over heated. This chart more than most really shows the corruption and overall control of the whole system in which the CB's manipulate the long side to destroy the short side. The one thing that is missing but is bring set up for the final blow is a negative divergence of the VIX to SPX.

Minis 60m - The HnS, with another HnS in the RS, which broke neckline support, backtested 1687, and held the 38% retracement is still hanging in there. The bears are actually in great position here, but sadly the Fed and algos will recognize this as well. The big concern for everyone is my second target the 1652 to 1647 support area. If this goes I believe it will be game over, 1600 will come into play, so I expect them to fight to retain this point. As long as we're above that red support diagonal anything to the upside is possible, event the next potential STB point at 1672 in mid-October. A falling green wedge has developed, so I'll be watching this formation for developments. 1703 is the key for bully. If price gets over that, then the odds of another ATH come into play. The more I sit and look the more I want to believe the top is set. I'm pretty scared right now that we're gonna get the STB event during this government shutdown period.

More to come below.

Enjoy the weekend.

GL and GB!

Thursday, October 3, 2013

Morning Charts 10/03/13 SPX /ES

I had more fun watching this than doing anything this week. From the ZH post Matt Taibbi On The CNBC "Presstitutes" the sheer ignorance, idiocy, arrogance and raw pupetness of the CNBS crew truly come to life for all to see. I honestly believe my overall IQ has increased cause I stopped watching CNBS close to three years ago. Cold turkey turned it off and you should as well. 

"In this episode, he discusses with Matt Taibbi the recent appearance of Salon’s Alex Pareene on CNBC in which Maria Bartiromo unabashedly presstitutes herself out for Jaime Dimon and JP Morgan in an utterly embarrassing manner." This is funny as hell is what it is. It's so good I can't even lampoon any of it. Legal problems aside, it's all good. Welcome to the new normal.

And some wonder why close to two years ago I just threw my hands up in the air, apologized to all my readers, and said there is nothing left to do but follow the Fed. Some wonder why I can remain so calm and have not called a top since the end of QE2 in 2011. The markets are one big unregulated rigged POS totally controlled by the central banks and Wall St. It is an unregulated wild west that is doomed for implosion, but till that point you have no option but to play in their rigged casino.

This video exemplifies all the signs of a major inflection point in the global financial system. Let's call that a topping signal where not just extremes are being met, but fantasy has taken over. The unregulated central banks are nearing the end of their reign. Another sign of the end occurred yesterday when they met with potus, and entered the process of TARP blackmail II. This is where they promise to implode everything if they don't get their way.

To big to fail, that was railed against for two years after the financial crisis began, has won yet again. Can anyone name me one MEANINGFUL piece of (what was essentially central bank drafted) financial regulation that was actually implemented? Yeah, I thought so. Oh, and if it was enacted, would it be enforced? Nope, cause the Dimons of the world are To Big To Jail. Remember the assistant US AG said on Frontline in The Untouchables (must see) that they could not prosecute the heads of the financial institutions, right before he was let go for doing so, cause to do so would basically crash the system.

It's all a joke. One big friggin joke, and I have not even mentioned the Fed's printing press that makes this all happen.

On to the charts - which I still think hold some meaning as the one thing will never lie to you is price.

Daily SPX - What I honestly think is the final rising wedge of all is in the top right corner of this chart. It culminates the overthrow of the rising wedge that was the major form that dominated the rise off the 2009 lows. It's a perfect ending scenario. The wedge can do two things, either have a seven point inside move or it can make an A-E five point move. A five point move has been completed. They either get one more ramp or they don't. I've shown you recently the negative divergences on the weekly and monthly charts. There should be little left even with unlimited printing that the Fed can do to lift this farce any higher. Their game is coming to an end, and Bernanke played it perfectly to the end of his tenure. The possibly the most heartless, soulless, Godless individual on the planet has served his masters well.

Minis 60m - You got the HnS, and off the ATH you have busted yellow channel support, busted 1687 support and now another HnS inside the RS of the larger formation (after busting support). That's not really a favorable set up in a market with negative divergences galore on the weekly and monthly charts. Add to that the government shutdown and plethoras (yes, that's plural) of other problems and you get a really nasty situation. Red major support at 1652 and s/r at 47 are still my second targets for this move.

Have a good day.

GL and GB!

Wednesday, October 2, 2013