Friday, November 29, 2013

Open Weekend Post 11/30-01/13

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

So much good football this weekend and trees to get up and holiday stuff to crank up. We have one less week this year to get everything done, so we better get on with it.

If you see it share it.

Happy holiday!

GL and GB!

Morning Charts 11/29/13 SPX /ES

SPX from the travel computer - Same chart all the way just drilling on. Pay attention to fib levels (there are 6 I think) and to the LT red channel.

Another look at SPX - Again - the upper LT blue diagonal is what I'm concerned about. The rising wedge ending at an overthrow of LT resistance is never a good technical signal.

And the minis -

Enjoy the weekend.

GL and GB!

Wednesday, November 27, 2013

Thanksgiving Post

We will keep it light here at STB this turkey day. Let's take a day off (just one day though) from bashing the establishment, their war mongering and expansion of the police state in conjunction with destroying our constitutional rights.

No matter the case economically or politically, we will always have numerous reasons to be thankful. Whether it be family, health or religion, I'm sure you'll always be able to dig deep enough to find something, at any moment, that you should give thanks for. In these darkest of hours, those moments can be fleeting, but they do exist and are present. It just takes a bit of clearing the fog of decadence and despair to find them.

Perhaps in our current fight for freedom and liberty, our fight against the establishment, remembering and being thankful we even have a chance to wage this battle is something. Perhaps it is our ability to have the chance to fight for our own, or children's, future that we should be thankful for?  Bottom line is we were given a great gift a couple of hundred years ago. Many who can not be with us today fought and died for us to be able speak our minds and exercise our human rights. Sadly there are way too many that can not do so in other places on this globe.

Imagine living in North Korea, really? I mean under our current dictatorship is not as bad, but these people got it bad. What about some of the conditions in MENA? Dominican Republic? Africa? I could go on and on. I think you get my point. It ain't all that bad here, we've got it good, but we're also losing it in a rapid manner.

We need to be mindful and thankful of our gifts and opportunities that many don't have. I sure as heck don't see any solutions to the issues facing us today, but whatever happens we at least have a (now fleeting) chance to voice our opinion or even fight for our human dignity. Many don't have this.

So, dig deep, find perspective, positives do exist. We are all very blessed in many different ways. We all have many things to be thankful for. Some are more obvious than others. Sometimes we just have to find the right angle to view things and remove our heads from our posteriors to find them.

Let me take a moment and thank all the readers of STB. What a sensational community we have here. I  have many things to be thankful for and one that's near the top is all of y'all.

I find this chart amazingly appropriate and not just cause of its theme.

Happy Thanksgiving to all.

GL and GB!

Morning Charts 11/27/13 SPX /ES

Not much more to say than the wedge is ending. I'll put together a summary post for Monday that explains, once again, just how nasty this technical setup is.

Minis 4hr - I changed the channel again at the top. It is now much larger and red.

Minis 4hr - Pulled back - note the blue 50sma as support resistance on this chart. That support lies at 1794 here, so that's a big number I'll be watching for a momo change.

Enjoy the holiday.

GL and GB!

Tuesday, November 26, 2013

Morning Charts 11/26/13 SPX /ES

All technical signs point to a post Turkey Day pullback.

Minis 4hr - The rising green wedge. Blue, pink and red are the only supports you need to know IMO. Red is critical must hold support.

Minis 60m - Consolidation in the end of the rising green wedge we've been following for the past 6 weeks. 

All I know is that I have never seen a worse technical setup as far as price is concerned. I also know that the market has never been more manipulated.
1801 and 1795  are supports today. 

More to come below. 

Have a good day. 

GL and GB!

Monday, November 25, 2013

Morning Charts 11/25/13 SPX /ES

Holiday week. Low volume with POMO - Looks like the forecast for bully is bright and sunny. That does not mean that will have a week without some important BS data jockeying. Key Events And Issues In The Holiday-Shortened Week is a post at ZH you should check out. 

The numbers that effect easing or taper will be the biggest to note. For some bizarre reason they keep this taper lie alive. I guess every good must have an evil. 

Minis 4hr - Overthrowing the rising green wedge backtesting the old beige rising channel support above blue LT resistance at a double top with negative divergences all over (and that's not even one third of the bearish setup here). It's just nasty. As I've been saying, the worst technical setup I have ever seen.

But of course none of that matters. Follow the Fed.

More to come below.

I hope everyone has a great holiday week.

GL and GB!

Friday, November 22, 2013

Open Weekend Post 11/23-24/13

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

How's that for a completed rising wedge? Kinda nice, except they like to overcook things a bit. They have overthrown every formation to this point, so why not this one and bat 1,000? Either way, this would be an exceptional spot for an ultimate top - except one thing - they are still easing and remain in complete control of this rigged fiasco they call a market. All the trimmings with a double top just in time for the holidays.

I want to direct you to our friend RC's blog to read JFK Legacy for our Next Fifty Years ~ Freedom, Peace and Prosperity or More of the Same? He's linked up this awesome post from the Rolling Stone that you all should read.

Enjoy the weekend and the coming holiday week. Seems to be a great time for a bank holiday, I think you might agree.Oh, and stay away from the tryptophan, we're sleepy enough as it is.

GL and GB!

JFK Day 11/22/13

50 years ago today everything changed forever. This was the day "they" figured out "they" could do anything and get away with it. This was the day "they" took over and "they" have not looked back. 

From two patsies, to the grassy knoll, to the Warren Commission and more, our future started here with mass manipulation and control over every aspect of everything and most importantly the MSM. Liberty and freedom took a kill shot along with JFK that day.

History was about to change. JFK was about to minimalize the military industrial complex and the Federal Reserve. He was going to take the country back from the establishment. This could not happen. JFK was a winner. He was for the most part a (as far as a politician can be) and honest and true man that wanted the best for his country. This man motivated us to go the moon. This type of person could not be in power. 

Eisenhower warned of the military industrial complex and the power they would wield over the country. JFK had Executive Order 11110 on his desk ready to be signed the day he was shot. JFK himself spoke openly about the "secret societies" that existed.

"The very word "secrecy" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings. We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers which are cited to justify it. Even today, there is little value in opposing the threat of a closed society by imitating its arbitrary restrictions. Even today, there is little value in insuring the survival of our nation if our traditions do not survive with it. And there is very grave danger that an announced need for increased security will be seized upon by those anxious to expand its meaning to the very limits of official censorship and concealment. That I do not intend to permit to the extent that it is in my control."

He boldly stood up to the establishment, stared them down and said he would not stand for them taking over and destroying this nation. Challenging the Central Bank and the military proved to be to much for one man. 

Pay very close attention to this one sentence for it may have been the most profound of all. Read it and let it sink in. 
"And there is very grave danger that an announced need for increased security will be seized upon by those anxious to expand its meaning to the very limits of official censorship and concealment."

Beyond the secret society part of that speech which we all tend to focus on, the most important part may have been this last sentence -
"And so it is to the printing press--to the recorder of man's deeds, the keeper of his conscience, the courier of his news--that we look for strength and assistance, confident that with your help man will be what he was born to be: free and independent."
Today we live in a time where just this week, Obama Woos Liberal Journalists With Another Off-The-Record Meeting. They control almost everything you hear and see. They have concealed what's real. The Matrix is real. Two consecutive presidents tried to warn us. We did not listen and here we are today. Maybe now the sheeple will finally awaken from their slumber. I just hope it is not to late.

I suggest you watch Meet Lee Harvey Oswald, Sheep-Dipped Patsy

You can also visit the Wiki of JFK assassination conspiracies.

On a side note, I fear that our current potus will see no way of securing any sort of legacy (other than being the worst president ever) cause of the myriad of lies and failed policies that have engulfed his two terms. I am afraid he may want to go the same way JFK did. If this were to occur it will not be an inside job as he's the ultimate puppet for the establishment. But, if he were to be taken out by a white with an AR, then race riots and gun control would come. This would further divide the nation and get the guns out of our hands. On second thought, maybe he is a disposable patsy after all?

Charts and more to follow in commentary.

Have a good weekend. 

GL and GB!

Thursday, November 21, 2013

Morning Charts 11/21/13 SPX /ES

This cought my eye while checking futures on CNBS app this morning, And we’re off: the ‘Great Rotation’ gets into gear.

Rotation? What? Oh yeah, they must mean the last stage of herding the muppet sheeple in for the slaughter.
"There has been some $231 billion worth of inflows into stock funds this year, the most since records began in 2002 and well above the previous record inflow of $69 billion in 2010, Bank of America Merrill Lynch (BofAML) said earlier this month"
That's what helped generate this - Three unprecedented overthrow situations and a march straight thru all time highs over and over again.

Daily SPX - The black vertical lines, I keep showing this for a reason. The third major overthrow.

It did not generate all of that, that ramp had some, just a little, influence from QE, the Fed, treasury, HFT algo bots, the CB's, the administration, the judicial system and a few other sources.
SPX Daily - Congratulations, this is the 12th consecutive negative divergence and numerous reversal candles that have been ignored by this market run. A purely natural occurrence.

From the above,
"Getting into year-end this [the Great Rotation] is always a good trade to play," said Vishnu Varathan, market economist, Mizuho Corp Bank. "Yellen is seen as a dove and that sets the stock markets up for a good rally,"  
So jump on in sheeple. Please, take everything you've got and go bottom fishing. That is where the best deals are. I mean there are some great deals out there. Cramer, who is almost always right, wants you to consider JCP here as a turnaround story. 

With the jobs situation (cough, couch) where it is, with the new healthcare initiative creating even more disposable income since it is not a tax (cough), and all the other glorious economic data (cough, cough) the economy is set up to run. Never mind the natons debt situation or even your own. You need to invest and now or you will miss the great run.

The bears have been waiting on the lemmings, and I believe this it proof they have arrived and that the cliff is just ahead, and man what a drop off it is on the other side.

Minis 60m - I told you 1777 and all that support was a key area. Falling yellow wedge into rising green wedge support while backtesting the upper long term market resistance diagonal. Shoulda called it as an STB point. Very contentious situation price is in here. I still think it should take an overnight gap down to crack that 77 area. If it does crack it, then 62, 52 and 48 are the numbers to watch.

More to come below.

Have a good day. 

GL and GB!

Wednesday, November 20, 2013

Morning Charts 11/20/13 SPX /ES

Let's make this post really easy this morning - just how screwed up is EVERYTHING? How completely and utterly dysfunctional are we as a nation? Look up FUBAR in the urban dictionary - there is a picture of the USA. The worst part, no one is doing one darn thing to address the myriad of problems other than the truthers and the alternative media. As we say in the south, you can't fix stupid, and that my friend is where we are. 

I tussled with this thought for a bit - in the south where perpetually stupid can be a genetic trait, with the government it ain't so. Or is it? While not genetically linked, the crony system of plug and play puppet politicians (like potus for example) generates individuals and actions where you could swear they were a product of family ties. I'm not talking coulda had a V8 stupid, but iron skillet to the face stupid. I'm talking with each iteration the gene pool sinks to new lows stupid.

What's worse? LOL, we elect 'em and put them there. So you yankees and libtards out west, don't be getting all high and mighty on us southerners here. You are as much to blame as anyone. There is a reason the rich are getting richer and the middle class is becoming poorer. Figure it out.

So, we have a PROVEN compulsive liar as potus whose apparent mission in life is to destroy this nation. We have a bought and paid for congress whose only mission is to get rich serving the corporate elite and special interest groups. We have an out of control Federal Reserve and central banking system that is holding the nation hostage. All that and we're not doing one GD thing to stop it. Like I said, you can't fix stupid. 

Let's leave it at that this morning shall we. 

On to the lie - 

FOMC notes today. We can leave the market commentary at that short point as well, cause nothing will happen till 2:00 when the notes are released. Excuse me, nothing will happen till the insiders who get the notes first act before everyone else. My bad. 

Taper will be the key. Look for the usual smoke screen BS about taper and how well the economy is doing. They will site (cough) low unemployment (cough, cough) and other bogus data points praising their QE4eva policy. It will be another prancing peacock show touting the dolled up pig they call a recovery. Down here we call dolled up pigs something else, but let's not go there. 

Minis 4hr - For those that can read a chart, this one is really simple. This is a short term rising wedge (bearish) that is consolidating in the end of the formation with weakening or negative divergences in the underlying indicators. For those that are genetically deprived - the run should be coming to an end, unless your genetically inferior leaders come to your rescue as they tend to do in these situations.

SPX Daily - This chart is just waiting on a disaster. Like any moment something is literally gonna blow up disaster. Like potus about to set off a domestic nuke disaster (h/t RC). No, I'm not kidding. This is the worst technical set up I have possibly EVER seen (that's as in EVER). She's ready to pop (there are a few southern euphemisms here as well, but let's not go there either).

Don't believe the hype and prep like hell. The best Xmas gifts this year will be preparedness items. They may look at you like ur crazy, but trust me, they will thank you later. I don't know when she's gonna blow, but it's coming. I still think it will take an "event" the is out of "their" control to break this market. I believe we will all see it at the same time. I believe this will be the worst crash in history when it happens as everyone will want out at the same time.

I remain very bearish, but cautious of the Fed who can not let the market go or else. More to come below.

Have a good hump day.

GL and GB!

Tuesday, November 19, 2013

Morning Charts 11/19/13 SPX /ES

We all know the war is coming. It's been painfully obvious for years it would be the only way out of this mess. Every depression has ended in one and this time will be no different. They are at the end of their economic and financial ropes and will need cover for their failed economic policies. Failed is a word that should be scrutinized in that statement. 

Failed, for whom? Failed for the greater good. Failed for the citizens that relied on their government and central banks to guide them. It has however been the farthest from a failure for the central banks and governments that now have more money and power than ever. Duped is a word that comes to mind here. They have not failed, they certainly did not let a good crisis go to waste. They took full advantage of the situation. 

Now that they've taken it about as far as the sheeple can stand, their end game scenarios are going to have to come into play. There is a reason we have the NSA, DHS, and a myriad of other government alphabet agencies, and they are not here to protect you. Do you really think the NSA is about to lessen its intrusion into our lives lessen one iota? Don't think so. 

The DHS has purchased enough ammunition to fight 20 Iraq wars for a reason and it ain't all for target practice. It is all for domestic use. Arming postal workers and IRS agents is not a sign that a kind and caring government is looking out for your best interests. It's refreshing to know that the DHS Still Hasn't Fired Black Supremacist Who Called for Mass Murder of Whites.

With Ocare failing and the myriad of other debacles (Benghazi and many others) combined with the coming economic collapse they will need cover. We've been addressing it for years here at STB. Oh the latest -
The October 2012 Pre-Election Jobs Report Was Faked Get u sum of that. Surprising? Not really. STB was all over it as well, "Did anyone expect us to enter the election with unemployment over 8%? It appears the O campaign has had enough of losing debates and has started to fight with more data manipulation. In one of the worst manipulation prints EVER, this 'timely' event just pops out of nowhere"

So war manipulation will be coming next. And right on que, within 12 hours of the jobs manipulation revelation - Two Dozen Killed In Iranian Embassy Bombing In Beirut, Iran Accuses Israel Of Orchestrating Attack. Nope, you can't make this shit up. Timing is everything I guess. Distraction time. Expect retaliation and escalation. They have to have a war and soon. Oh, of course we'll need to be attacked here on the homeland or have one of our embassies attacked, so false flag warnings are on high alert.

On to the lie - 

From the above ZH post, kinda says it all, 

"The only real good news, as noted above, is that yet another conspiracy theory is forever cast into the void, and going forward the only thing the random, but manipulated, number generator out of the Bureau Of Lies And Subterfuge will be good for, is to prod the just as pathetic HFT algos into a buying frenzy when month after month the economy is painted with rosy brushes, even as millions forever drop out of the labor force, never to return."

Still staring down the round numbers. Nothing else to say. Right now it looks like my "event" call from 2009 was epic. 

Minis 60m - End of the green wedge and all the overthrows constantly discussed here. Support, just focus on support. 
If 1773 goes look out. Then 62, 52 and 47. If 47 goes then the fall to 00 will be on. It should happen rather quickly if it does. I have a feeling DC is about to implode.

Minis Daily - For giggles lets just back it out a bit to see what could happen. Red diagonal support is the critical support I keep referring to. 1700 is your number there. I really would be surprised to see that crack. If it does you bring pink channel support into play near 1615.

She's more than ready. I've never seen a more dire set up, ever. I still think they try and hold out till early next year before letting it crash. Either that or they go major FF at Xmas time to try and get the nation at its most sentimental point (which is a really scary thought). More to come below.

Have a good day.

GL and GB!

Monday, November 18, 2013

Morning Charts 11/18/13 SPX /ES

Pay no attention to the market. It means nothing. Well it means something, it is their disguise. It is their myth, cover, distraction leading you astray; far far away from the truth. The truth that is our economy has collapsed and is being supported by government spending, unsustainable debt, fiat/dollar creation and data manipulation. The truth is that the era of deregulation, greed and corruption is coming to an end. Hidden behind record all time market highs is the rotting corpse of America. Corpse - as in already dead.

So today watch your portfolios challenge their all time highs. Watch as the SPX, DOW and NASDAQ all challenge key round numbers. Today's Only Numbers That Matter: 1800, 16000 And 4000 and that's all. Don't focus on anything else. You're getting richer. Watch the hypnotist's watch dangling in front of your face. Spinning gold, light reflecting, spinning, you're getting sleepy, sleepy. Now relax and think of your happy place. That's it, seeeeepy, sleeeeeepy. 

On to the lie - 

I'll keep the focus on this third major overthrow. 

SPX Daily - SC is down right now. I did update this chart this morning. This is Friday's chart. Bottom line is you see the E point. This is the E touch or final move of the large pink rising wedge that is the final move of the bull (in a bear) market. You can see the blue rising wedge overthrowing the pink wedge resistance and the black rising wedge overthrowing blue wedge resistance. The black dashed vertical lines connect the wedge overthrows to the indicators below. Each overthrow is in direct, almost impossible, defiance of conditions that demand a market correction caused by overbought conditions. This is pure fantasy.

Minis 4hr - The most recent rising green wedge complete with A-E touches overthrowing upper long term blue market resistance and the year long pink channel resistance. This is insanity.

I remain bearish. I'm not sure, but I can tell you this, I have never seen a more bearish setup than this in all my time charting, NEVER! There is nothing more to say other than what I say every day, follow the Fed. As long as they QE, the market will do as they wish. You can not fight it. All you can do is prepare for the end which will not be pretty.

More to come below.

Have a good week.

GL and GB!

Friday, November 15, 2013

Open Weekend Post 11/16-17/13

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

If you need a chart see Wed -Fri posts, they have all you need. I think we're either topping or at another intermediate top thingy where a 100 point SPX move south should be happening. Well, should at least. Depends on what "they" want I guess. To get that we'll need some sort of taper on talk or news that would deter the markets (that's code for good economic news).

Post it and share it if you see it. We need all the info round up we can get here.

Enjoy the weekend. 

GL and GB!

Morning Charts 11/15/13 SPX /ES

Gonna keep it simple again this morning. No need to moan about Grandma's appearance yesterday and her overly doveish stance (do or die - however you want to phrase it). So, STB warned to wait on the testimony as I always do. Follow the Fed, I've said it at least 600 days in a row now. If you challenge their aithoritah, you will lose. 

Reviewing yesterday, we entered ANOTHER (3rd major) overthrow situation back in mid-October. We're a month into the latest round of insanity, but this time we have even more (of the same) troubles and Ocare (1-800-FU) to deal with. 

Daily SPX - The three black dashed vertical lines are all points where major corrections should have occurred, but instead we got it shoved down our throats. We're moar than ready for another tumble, but it looks like 100 SPX points is all they will yield. This chart is really ready to turn whether the Fed likes it or not.

Minis Daily - Upper blue diagonal, that is the market long term resistance diagonal. The greedy bastards are running it over this resistance line in an overthrow situation on top of two previous overthrows! I hope you are getting this. We're like, waaaaay out there in fantasy land right now. So far out we're lost and can't find reality, but that is fine cause that is right where the Fed wants you to be.

I remain bearish. I must. The charts demand it, so I will listen to what is says, but I must, must, respect the Fed and their lawless, unregulated, wild west, manipulated and controlled market. More near term stuff on the minis below and targets for today.

As a reminder, if you are one of the 197 million (or two thirds) of Americans now living in what's deemed a Constitution Free Zone (lawless), congratulations! Have a nice day and enjoy your tyranny. Just trying to hammer home the FACT that we've lost all control over our government here. Please wake up if you have not.

Have a good weekend. I may need a few prayers this weekend. I'll be attending the GA/AU came with the family. It will be wild, but not the best place for GA fans to wander into.

GL and GB!

Thursday, November 14, 2013

Morning Charts 11/14/13 SPX /ES

I've been telling you all week to wait on Thursday and Yellen. Here we are and the DOW and SPX closed at ATH's yesterday. These people are relentless. It is and always will be all about QE. Not until the system has gorged its self to death on liquidity will it die (unless my "event" comes first which at this time, the way things are going, will be another in a long line of bad is good scenarios). If you have not figured that our by now, you have issues. 

It's beyond ridiculous at this point. Good is OK, bad is good, and worst is best; whatever guarantees that QE4eva will continue is what moves markets today, nothing more. So the Dove Queen is being installed now, this is a glorious day for the HFT, algo driven, bot controlled, CB manipulated, unregulated, liquidity infused markets. 

About all I have to say about this is that it should be your jumping off point. Yellen is little more than a sacrificial lamb being sent to slaughter. She's set up to fail in a no win situation. She's little more than another puppet placed by the powers that be to take the fall for the grand masters Greenspan and Bernanke. None of this will be their fault and of course no one will have seen the crash coming. 

You should read Market Awaits Coronation Of The QEeen where you'll find,

"Certainly, the follow up from Europe doing the same and also warning it too may engage in QE, has been lost. Which is odd considering the entire developed world is now on the verge of engaging in the most furious open monetization of virtually everything in history."
Pay close attention to that last sentence and start grabbing all the gold and silver you can (physical not paper). They are getting ready to simultaneously crush every currency on the planet while at the same time attempt to take asset prices thru the roof it appears. 

Investors need to know that their assets are losing value as they grow. The dollars fiat they are denominated in are worthless at this point. The market and your portfolio's value are illusions to keep you in the game and to distract you from reality. They can't let the markets fail now or else.

On to the lie - 

Three simple charts this morning - 

SPX Daily - The dashed black vertical lines are where the market has entered and overthrow situation where overbought became even more overbought and a much needed correction did not occur. A month ago we entered our third occurrence in a row of this phenomenon. Add to that the market has basically been in a negative divergence for the whole year (this after going into another overthrow situation of course).

SPX Weekly - Just look at the indicators, their support diagonals and the yellow boxes. We're at the end of the road here with no room to run. When those supports go so does the market. Neg divs showing the October overthrow are apparent on this chart as well. We're in fantasyland now for real.

SPX Monthly - Again, see the indicators, their support diagonals and the yellow boxes. Double negative divergences are never good. I do need to note that the neg div on RSI lasted from 1996 to 2000 before it finally let go. This chart truly is sick.

BPSPX - when bullish percent neg divs to price it is usually not a good thing. Apparently manipulated markets could care less about such things. 

Minis 60m - I don't know what to say here. Price took out blue LT upper resistance. This is a pretty bold move and statement by the control team. Resistance will be 1792 then 00. I'm afraid they have gotten the scent of the round number here which is never good for a bear. Support 74, 61 and 52. Pure insanity folks.

I'm still leaning down, but they may have to get a bit of the hopium out of their system first. They've never been this high.

More to come below.

Have a good day.

GL and GB!

Wednesday, November 13, 2013

Chartapalooza 11/13/13 SPX /ES Gold Silver Oil Dollar EUR/USD

We've got to be close to a top. How many times over the past two years have we herd that? They can't push it higher, impossible. Go read just the headlines on  Zero Hedge or Drudge this morning and you'll find yourself in disbelief yet again as we sit just under all time highs in the markets.

You must accept that the system is completely corrupt, 100% to the core, greed infused and market manipulation is the greatest diversion ever committed in history. Nothing is real and this will be proven one day. When that day comes every lie will be revealed and the markets will melt like never before. Till that time they will perpetuate the hopium infuse farce till it can't go on any longer. Not till my "event" or till they are ready will it fail. Remain patient and prepare is all I can say. Time is running out.

Dollar /DX - Everyone is debasing and will continue to. After breaking the rising beige wedge support and backtesting it now, I suspect a move thru near term green channel support to green wedge support. After that a backtest of busted green channel support should occur before a move to the lower falling blue channel support. The dollar is on its way out now.

EUR/USD - Barely hanging on to long term green diagonal support here while in a beige channel down similar to the dollar. This blue rising wedge should be it here and the larger HnS collapse is coming soon.

 Oil /CL - Next to gold the asset whose price I trust the least. We're one war away from another $150 print. Red long tern support and near term yellow channel support are being challenged here with the backtest of busted blue resistance. There are huge question marks surrounding oil now with the Saudis discussing deals with Russia and with our wonderful administration ticking off everyone on the globe. This precious resource may not be priced in dollars much longer.

Gold /YG - Just but physical any chance you get. Nothing more to say here. 38% long term retracement off the 2001 lows is being hit here. Price is being pinched between channel support and blue diagonal resistance. Price will do whatever they want it to, so don't really concern yourself with where you buy it, just get it.

Silver /SI - Load up on physical coins. I think they will be tremendously valuable in the near future. Long term support and the 61% retracement is being hit now.

Minis 60m - Pretty simple, watch 1752 next then for 1743 support to get hit. Sub 50 and 200dma's here. Bears got the ball.

GridEx starts today so FF alert is at Deathcon 1.

More to come below.

Have a good day.

GL and GB!

Tuesday, November 12, 2013

Morning Charts 11/12/13 SPX /ES

Denninger has a good post this morning that hits on a subject I want to briefly discuss. From Bet That This Gets No Airplay On CNBS

"Price is truth and the compressing nature of the moves and retraces tells you that the asymptote is approaching in the near future, putting us in the danger zone of imminent failure. 

Timing exactly when it will come is a fool's game but denying the inevitability of that outcome and remaining exposed to it is suicidal.  The worse news is that when the corrective move comes the entirety of the ramp will come back off with interest and this time there is nothing left with which to counteract the effects."
Price is truth, how often have you heard me say that my one solace in this whole mess is that price will get it right? Price will not lie. for months now I've been telling you about the volatility that comes with the top. I have also discussed for years now the impossible math and immanent failure of this scam they call a market. 

Timing of the end of this farce, well a couple of years ago I turned that over to my "follow the fed" mantra you now hear every day. As for the end game and the crash that will come, I have consistently written that true capitulation has not occurred yet. 2008 was a cake walk compared to what's coming. 

This time EVERYONE will want out and they will all head for the gates at the same time. The small market closures/interruptions that now occur weekly will be nothing compared to the shutdowns that are to come when the SHTF.

Trying to time this top is not the fools game, remaining in the market is the fools game. To think that you are gonna be able to sell, get your money out, go to the bank, cash out and walk away is moronic. They have you trapped, they have to have your assets to survive, they must have your deposits to support there levered, fractilized system or it all collapses. They must have you and your assets to prey upon or it all dies. You feed the beast.

Your digital fiat is just that. Your paper fiat is only slightly better. The dollar's collapse will come. You must consider a slow transition into other assets, REAL assets, like gold, silver, food, seeds, a tractor, worthwhile assets that are not dollars. 

The bearishness is REAL. The fear should be REAL. Running away at this point cause you don't like hearing it does you little good. Now is the time to face the fear and take the big boy steps that are necessary to ensure basic survival. 

They have no way out, so they will continue to increase debt and to steal from you. I firmly believe the retirement system will be confiscated soon. This will be the next to last thing they take, before they literally take every dollar in the system leaving you with nothing. 

So when does it top? Who knows. I warned on August of 2012 that we were "entering a period of unprecedented manipulation". They are going to have to increase QE again. They have to have an inflated market to distract from the horrific reality that exists. They could push the SPX to 2,500, but what would it matter? 

The house of cards will crash one day. The dollar is going down. Liberty and freedom are going down. The socialist fascist corporste control state is on the rise and it is their only out. Race or civil war will come at some point. Conditions worse than the great depression will come. A police state will be the end result. Agenda 21 is real.

This all will come to pass unless we can take control of the government and root out the corruption and greed that run the system. We will have to endure great pain as the debt purge will wipe almost everything out, and then we will start over. 

The question is how do we start over? Do we pick up and rebuild the greatest nation this globe has ever seen based on the Constitution which is the greatest document ever written, or do we become another socialist state doomed to rot as all previous ones have.

On to the lie - 

Yellen goes Thursday, so little may happen till then. GridEx starts tomorrow which scares me the most.

SPX Daily - Set for another fall or another disappointment for the bears? The negative divergences here are pretty bad, not to mention everything else that is technically unsound about this market. They can not keep this up much longer.

Minis 60m - OK, let's see if this week can bring a surprise for the bears. IF, IF, if they can push thru first support at 1759 and then the 1743 area, it could be game on for the bears. This is some optimistic talk from STB. Remain patient, we got Yellen to come. It's gonna take some serious Taper BS of a FF to move this thing below support.

More to come below.

Have a good day. 

GL and GB!

Monday, November 11, 2013

Morning Charts 11/11/13 SPX /ES

There are now two sides to Veterans day. One vetted in history in wars from oppression and for freedom, and one now cloaked in global domination and mercenary missions to destabilize the globe in the name of freedom.

In the US from the Revolutionary war all the way to World War II, those wars were fought by men and women of great honor. Those wars made a difference in the world today for the better. There were real threats to freedom and individual rights that had to be suppressed. 

I'm not sure I can find a war since that has been fought for any other reason than to simply have a war. Wars these days are fought to expand funding for the military industrial complex. They are fought for control of assets. They are fought so the banks can fund both sides of the war and make money off the reconstruction lending. They are fought so black markets can exist and where money laundering thrives to benefit the big banks. They are fought to destabilize regions and to empower puppet despot rulers that we can manipulate and profit from. 

The two sides of Veteran's Day are going to be obvious moving forward. Do we celebrate the service and death of a drone operator in DC who ignores collateral damage in the hunt for al-Qaeda leaders 10,000 miles from the US? Is there any honor left in what they fight for? They swore an oath to defend the constitution but continually are sent on missions that are completely and utterly unconstitutional. 

We now live in an era where top military brass are being swept out of their positions cause they refuse to fire or detain American citizens, cause they believe in Constitutional rights. These leaders are being replaced with ones that will do their master's bidding regardless of what the constitution says. 

I'm not so sure that the veterans we celebrate today would not be considered terrorists. Heck, is it any wonder the veterans of today are immediately put on a terrorist watch list? Thanks for serving, now welcome back to the country you defended with your life, you are now top of the domestic terrorist watch list as a threat to your government. Thanks again for your service. 

It won't be long till you see this question in a public school - 

True or False, George Washington was a terrorist? 

Or this question -

Which one is a terrorist? 

Thomas Jefferson

Times, they are a changin folks. If you've signed up for the military today you are signed up to expand the military industrial complex's power base, to expand the footprint of the central banking system, and to further the power base of the US government. Defending the constitution, that's a joke.

Yes, one day the soldiers may actually be called upon to defend our shores, and we'll all be glad they are there fighting for us. We need a strong national defense, but we do not need to put our sons and daughters into wars of aggression for the sake of expanding our global footprint in the name of greed and power. 

On to the lie - 

Daily SPX - That was one heck of a rally they put on Friday to fight off that reversal candle. The 20 dma at 1750 is the lower number to be watching here. She's been more than ready for a very strong reversal.

Minis 60m - Stick save Friday! SSDD, blue LT resistance above and pink support below, I told you things would settle in the area between blue resistance and critical red support (now 1700) and they have. Great double/triple top set up here while in an overthrow, while overbought to the max times ten. Can the Fed continue to push up? I guess at this time they can do anything they want, and that's the story of the game today. Pure, raw, uninhibited manipulation nothing more, that's what you got and will be happy you have it.

Don't forget GridEx coming the 13-14th. Prime opportunity for them to commit a FF, and they need one now in a big way.

Happy Veteran's Day. Many, many thanks to those that sacrificed and served for our freedoms.

GL and GB!

Friday, November 8, 2013

Open Weekend Post 11/09/10

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

I'll post what I find and see. Lot's going down (except price) and GridEx coming on the 13-14. They may be keeping it afloat for a reason here (other than they can't let it crash or even correct at this point).

Minis at 3:30 Friday. Retraced to the 1761 support/resistance point and the 61% retracement point. Anything over this and the odds of another ATH go way up (as we've seen every time so far). I suspected they'd close it here, cause on Fridays they love to park it right on a critical point to keep everyone in the game over the weekend.

STB had been watching the 60m 50 and 200ma for a couple of weeks, this proved valuable. Well, the backtest of these failed and they busted thru even after the bear cross of the 200mas. This is bullish, but as seen above the bears are barely still in the game (as of the time of this post).

I posted a bunch of long tern charts Friday so see them if you want a larger perspective. We're all over a top. Everything is in place, it is sadly just a matter of when the Fed wants to let go. I'll update the chartbook and let post anything I find relevant.

I rather enjoyed this newt wist on an old tale. It never gets old and is so very true.Guest Post: Obama's 'Socialism' Experiment Brought Home.

Enjoy the weekend.

GL and GB!

Morning Charts 11/071/3 SPX /ES

I'm sorry? Really? He went there, well why then did he stop at just the ocare lies? Why has he not apologized for basically every campaign promise he's turned on its head? Why has he not apologised for basically being a Bush III but worse than the first two? Let me help you here, check out this list of lies by year for the current liar in charge. (or you can go to this link that has a list of more than 50 websites documenting his many lies) Now as for Carney, this tool is the worst liar of all. How bout that, he gets paid really well to lie to your face, and he can live with that. Lord knows he's got some serious issues. I bet he was the victim of bullying his whole life and is exacting his revenge now with glee.

I suggest you read Is America Being Deliberately Pushed Toward Civil War? as this is just one of the many political possibilities that's happening right now with our society. We're headed for disaster and they need outs. They need big outs that will totally collapse our society so it can be dismantled and rebuilt (in their image). World War, Civil War, social unrest, they need a complete collapse and they are apparently engineering one. 

When the financial and economic systems collapse all hell is gonna break lose. If you think they are not hell bent on destroying this nation (our potus sure as hell is), you are sadly mistaken. This debt on debt, death of the dollar, out of gold, out of jobs, corruption ruled nation is being driven over the cliff intentionally with the idea of crashing, burning and rising like a phoenix in their image. This image is far from the one the Constitution and the Bill of Rights presents. This is the image of a nation fill of debt serf slaves working for the state. A complete totalitarian socialist marxist state where we only exist to serve them.  This is where we are headed. How we get there is anyone's guess, civil war or not, but we're headed there and in a hurry.

I've spoken about my concern for the coming GridEx drills on November 13-14 as the next great chance for them to initiate the next False Flag. They may or may not hit them, but this is a likely scenario for them to act. After the propaganda hit piece on the blackout EMP attack NatGeo did, they have basically warned us of what's potentially coming. They do not necessarily have to hit us then, but they will hit us soon I believe. They need a distraction, a big one. They need a war, a big one. They will use some sort of domestic false flag to galvanize the nation against an attack on the Middle East. It's coming.

On to the lie - 

Big Charts today!

One thing to note in all the charts, every one has now hit its long term upper market resistance diagonal with some even crossing this line. This is a massive warning signal. Every chart is also in an overthrow situation that began 11 months ago and are also in a second round of severe negative divergences.




DOW - 

More to come below.

Enjoy the weekend

GL and GB!

Thursday, November 7, 2013

Morning Charts 11/07/13 SPX /ES

Well the fact that Markets Have Knee-Jerked Everywhere is a bit of an overstatement. A 10 point pop in a few minutes is SOP for this market. So the reaction to the ECB rate cut should be of little surprise. Let me expand on what I showed yesterday in the comments section, on how this market moves in compact bursts (up only of course). 

The algos grab it and launch it on any news bite they can.  Here is the move from 1760 to 74. 14 points in a little over a day is the total move, but inside that there are four 5m candles that encompassed a total of roughly 18 points. So in a period of roughly 30 hours you had 20m to make your hay long (and you can forget trying to short this thing).

STB had been focused on the 60m 50 and 200mas as support. Guess what? They held and they should remain your first support triggers. 

The 4hr chart shows the corridor between pink and blue diagonals I have been discussing for a few weeks. /ES has hit another ATH and is challenging the upper blue long term resistance again.

SPX Daily - Well, it appears they are attempting to enter another overthrow situation. If you see the black dashed horizontal lines, the first marks the original overthrow STB noted at the beginning of the year, and the second marks an similar set up here although in an already overbought situation with volume going away. Frothy? LOL, does not even come close to describing the insanity that this market represents. 

Please note the MACD negative divergence (yellow box) and more importantly to me the neg div on the histogram. I have used the histogram as a leading indicator for a turn with great degree of success in the past. I have noted that the failure of this over the past week to lead to a turn has been somewhat surprising.  

She's more than ready for a sizable corrective. The question is are they willing to let it correct, or will something force a correction? 

As for TWTR and the numerous other IPO's this week, I could care less. We're celebrating the multi-billion dollar offering of a company that has not made a dime and may not ever. Does this remind you of any situation in the past? Yes, we're now starting to combine bubble characteristics from today and in the past. How nice. 

As noted STB is extremely worried about the coming GridEx EMP drills that will be conducted on the 13-14th of this month in the NE. This drill offers a fantabulous opportunity for the next false flag event. This drill actually offers the chance for the next "big event" or another 9/11 type scenario that this administration desperately needs. 

More to come below.

Have a good day.

GL and GB!

Wednesday, November 6, 2013

Morning Charts 11/06/13 SPX /ES

STB is all about education and awakening. I try everyday to wake my readers up to something new, something usually terrible or incomprehensible, usually a conspiracy theory, and they more often than not become conspiracy fact. I started down the conspiracy road 15 to 20 years ago. I liked the stories and thought that they were like reading real life dramas with real characters. 

Then something funny happened along the way. Those stories I had read, those fictional incidents suddenly started to become fact. Whether through investigative reports, FOIA documents, whistle blowers or the story just played out, the truth was slowly being revealed. Coverups, murder, covert ops, all this really cool and intriguing "what if " fantasy stuff suddenly was becoming reality. 

And here we are today. Denial is not a cool place to reside. It is time to wake up and see the world and not the Matrix. I suggest you listen to this insider when he says, "The Jamie Dimon shakedown at Chase… the HHS scandal.. Kathleen Sebelius shaking down the health care industry for money… the IRS… it’s to the point where these scandals in and of themselves would be huge back-breaking scandals [but] are just lost in the scandal fog of this administration…" this from a former Obama Secret Service Agent: “It’s Worse Than People Know… and I’m Not Trying to Scare You Either”

Total control, want an example? How about the Million Mask March yesterday organized by Anonymous, did you hear a word about it on the MSM? Nope, I did not think so. Heck, they would not even let it trend on Twitter. One would like to think that a global rally in over 150 countries and over 400 cities against corruption and tyranny would be a newsworthy event. Apparently it was not.

They got us by the balls folks. We the sheeple have lost all control. Our representatives serve another master. They serve the special interest groups, not us. take a good look at the following post Congress Sells Out Wall St Again, digest and internalize this. Everything that was bad or needed to be corrected so another incident like the 2008 financial crisis never happened again, three years of bitching and bickering that became Dodd Frank all gone and no MSM coverage,

""The U.S. House just passed a bill called H.R. 992 - the Swaps Regulatory Improvement Act - that was literally written by mega-bank lobbyists. It repeals the laws passed in 2010 to prevent another meltdown like the one that crashed our economy in 2008. The repeal was co-sponsored by a former Goldman Sachs executive and passed with bipartisan support from some of the House’s largest recipients of Wall Street cash. It’s so appalling... so unbelievable... so blatantly corrupt... that you’ve got to see it to believe it:""

Yup, that's what $22 million in  lobbying will buy you these days. We have no chance. They even did away with the insider trading rules for congress. You are no longer electing representatives, representatives are no longer running for office, they are running to win a lottery.

On to the big lie -

Why are we up this morning? Well, "It was the deep of illiquid night when the momentum ignition trading algos struck. Out of the blue, a liftathon in all JPY crosses without any accompanying news sent the all important ES leading EURJPY surging by 50 pips, which in turn sent both the Nikkei up over 1% in minutes, and led to an E-Mini futures melt up of just about 8 points just when everyone was going to sleep. All of this happened completely independent of the actual data," is the way ZH puts it in Overnight JPY Momentum Ignition Leads To Equity Futures Ramp. 

And that's the new normal in this artificial, computerized market we all trade in these days. One HFT algo hits it, the rest follow and then the feeding frenzy starts. Of course these ON ramps are good for everyone as they lift all prices and the banks and brokerages get to skim millions for free off the top. If everyone is getting rich, then who's gonna complain or stop it? Wrong? What could be wrong with a market at ATH and still rising with no end in sight? It's friggin nirvana man, just take a deep breath, sit back and enjoy the ride. 

To those in the comments section pointing out that UST's are starting to get to levels that should make everyone nervous, I totally agree. Remember they only have enough QE to fight one war at a  time. They can't keep both the markets afloat and rates low on the current (stated) $85B a month budget. 

The taper talks are on again, but we all know this is a bunch of BS and is nothing more than a side show. We all know they will have to, and they will, raise QE in the future to keep their lies and corruption going. This alone is keeping the markets at their current lofty levels. You are witnessing pure greed rule and dominate the system.

Minis 60m - Horrifically boring I know, but it is what it is till it isn't. Pink support (1741), Blue resistance (1771) and in the middle (1752 support/resistance), will someone please wake me up when pink or blue get busted?

More to come below.

Have a good day.

GL and GB!