Friday, May 30, 2014

Open Weekend Post 05/31-01/14

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

What a week. What a close.What a POS.

Please take the time to commend and congratulate the Fed on their fine record of consecutive green closes. I think they can be reached at 1-800-Get-Lost.

Minis finally hit the upper red resistance diagonal of the rising red wedge of death. I'm really not sure how I can not call a top here. At least I have the weekend to think about it. Looks like I'm gonna get that cherry on top mega three wedge overthrow to top it all off. Where can they take it from here? I have no clue. As I mentioned everything since 1475 is bogus. They are overthrowing the overthrow in an overbought market. This is raw insanity.

If you see it, share it. I'll get into the cash charts this weekend.

Remember - All is well!

Have a good weekend.

GL and GB!

Morning Charts 05/30/14 SPX /es

I have a breakfast meeting this morning, so I'll be in at some time later. Sorry no detailed post. I will get everyone caught up when I get it to the office. 

I think we all know the bottom line, and most know I'm looking at the triple wedge overthrow to be the possible cherry on top of all of this. Hard to think that this could happen this morning. 1923 is upper red wedge of death resistance. Price is currently overthrowing the green and yellow rising wedge. After the GDP news yesterday and the price reaction, I'm not sure what it is going to take to stop these criminals.

I really don't see how technically this is not going to be some sort of reversal point. Like, a major reversal point. I will more than likely throw out another rare swing short on 'principle' and may throw in the towel and finally call a top. Technically I'm not sure how I will be able to avoid the call.

This is the minis chart from yesterday morning. The only difference was that afternoon spike thru green and yellow resistance with price closing near 1918 just under red resistance. Gotta love the market action yesterday that made absolutely no sense at all after the GDP announcement. FUBAR is the best description I can come up with at this time.

More to come below when I get in the office. Hold down the fort. 

Have you sherd STB lately? 

Have a great weekend. 

GL and GB.

Thursday, May 29, 2014

Morning Charts 05/29/14 SPX /es

disgust -

1. to cause loathing or nausea in.
2. to offend the good taste, moral sense, etc., of; cause extreme dislike or revulsion in:
3. a strong distaste; nausea; loathing.
4. repugnance caused by something offensive; strong aversion: 

1. sicken, nauseate. 2. repel, revolt. 4. abhorrence, detestation, antipathy.

Nuff said.

On to the lie -

Minis 60m - Let me just say it is harder to find any positives or real reasons price should be here than negatives. Across the board every metric screams trouble. Well, apparently metrics, fundamentals nor technicals matter anymore in this Fed dominated rigged market. Reality will assert its self one day, and when that day of reckoning comes it will not be pretty.

Triple rising wedge resistance yellow, green and red just above. This should be the 'wall of walls' technically. To overthrow this resistance would be the penultimate in insanity.  

More to come below.

Have you shared STB lately?

Have a good day.

GL and GB!

Wednesday, May 28, 2014

Morning Charts 05/28/14 SPX /es

Like we've been pointing to for years now - Just Two Charts No comment necessary.

On to the lie -

SPX Daily - Divergences continue to worsen. Can they overthrow this sucker again?

SPX Weekly - Are they about to overthrow the negative divergences again? If so it won't last long and will only lead to moar pain when the turn finally happens.

VIX - Time for a cycle move to 21?

Minis 4hr - Triple rising wedge resistance - ever heard that before? Minis hit 1914 the beginning of the upper resistance zone that stretches up to 1921. I still like my thought of how symbolic it would be to end this farce once and for all with the ultimate triple wedge resistance overthrow. It is bad enough here just making it to this resistance area.

Minis 15m - Wow and why? What does it really matter at this point? We know it 100% rigged.

More to come below.

Have you shared STB today?

Have a good day.

GL and GB!

Tuesday, May 27, 2014

Morning Charts 05/27/14 SPX /es

If this ain't some sort of writing on the wall, I do not know what is - First Cisco And Microsoft, Now IBM: China Orders Banks To Remove High-End IBM Servers. If you can not see the beginning of the end of our global dominance you may just be blind. It's all starting to fall apart. There is some cynical good that can come from this, but much more bad. What do they say about relationships when the trust is gone?

Speaking of trust - First Germany, Now Austria Demands An Audit Of Its Offshore Held Gold - uh, someone better hope they never want to audit the Fed's gold holdings. Well, let me say that those that hold physical would love such an audit, cause once it's proven that supply is not what they say it is .... those holding physical get cery rich very quickly.

If you can't feel it all slipping away, then you need to get your meds adjusted. But, but, but the markets - all time highs baby! All is well. Shanky you are a fear mongerer. You are a traitor and a terrorist. LoooooL! I am a realist. If the market is not THE cover for all that's bad then I'm a monkeys uncle. Let me say it again for at least the 1,000th time, the market is a cover, the veil, that hides all that is bad. Without it they lose everything and all control. They can not let it crash under any circumstances. At this point they can not even let it correct.

On to the lie -

Minis 60m - I fear up but like down. They either ramp it or they crash it. That's about all I have been saying for three weeks now. The STB red diagonal of death is on the doorstep and they are doing their damnedest to stay ahead of it. I mentioned how poetic it would be to end this all with the triple wedge throw over (red, yellow, green). Well with triple resistance just ahead, let's see what these bastards can do. 1913 to 1921 is the resistance danger zone.

More to come below.

Have you shared STB today?

Have a good week.

GL and GB!

Friday, May 23, 2014

Open Weekend Post 05/24-25/14

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

If you see it post it.

I'll update some charts this weekend in the chartbook and post anything I see. 

Thank and/or remember a service person this weekend.

GL and GB!

Morning Charts 05/23/14 SPX /es

Ramp to the holiday complete! All is well, so let's discuss conspiracy this morning. Thanks to RC posting Gordon Duff, VT, 5-20-14… “Russia Opens Files on Nuclear 9/11 and Israeli Proliferation” and causing a bit of a stir last night - why not discuss something meaningful like Russia's Ukraine blowback and mission to destroy the US from the inside out. Hey, they got us right where they want us, our government is in a completely dysfunctional state (the open yet hidden transformation from a democracy to a fascist state is never easy), and the Russians have skeletons they can bear that will only embarrass the US even more than it has already done to its self (if that's even possible). Discussing this below today will at least keep us entertained while the Fed does its thing.

And we all know STB loves confirmation when conspiracy theory becomes conspiracy fact - Barclays Fined For Manipulating Price Of Gold For A Decade; Sending "Bursts" Of Sell Orders - Like I always say when charting or discussing gold - the most manipulated metal on the planet. Oh, and of course a mere slap on the wrist is all Barclays will receive.

Nothing new to say about Memorial Day this year so here is last years post if you are interested - 2013 (fun to look at the chart as well).

On to the lie -

Pretty simple stuff, ramp it till you can't anymore. Bottom line is they can not let it correct or fail or everything is lost. Markets remain very nervous for multiple reasons. One slip and POOF!

Minis 60m - Three rising wedges leading to the end, green, yellow and red.

More to come below.

Have a great holiday weekend.

GL and GB!

Thursday, May 22, 2014

Morning Charts 05/22/14 SPX /es

All is well. The recovery is swimming along nicely. We have our debt under control. The internet is still free. We still have our guns. Who could ask for more heading into the summer fun season. Well, gas prices are still a bit high, but that's no big deal is it?

Three things jumped out at me this morning. First, 27 Huge Red Flags For The U.S. Economy is a good reminder of just how sarcastic I was in my opening paragraph. One of the most concerning of these 27 to me is #6 The labor force participation rate for Americans from the age of 25 to the age of 29 has fallen to an all-time record low. When this fact is combined with the $1.1 trillion student debt non-bubble and the fact that this age group is burdened with carrying the new socialized insurance cost burden, well, that's not good. Oh, and I promise, O-care is not an insurance company bailout (just like it is not a tax, it will cost less, you can keep your doctor and it is all perfectly in the law with nothing unconstitutional or illegal).

I hope we all know that taper-ON was just a lie to further previous lies that furthered previous lies that ..... that the recovery is on track and all their policies and added debt have been the bomb when it came to fixing things. Then came Belgium and their $141 trillion in UST purchases. Never mind this amount nearly mirrored what was tapered, or that there was a mystery buyer through a shady foreign exchange. We all knew that bucket was full and this mystery buyer would have to find another avenue, and they may just have. So, just Who Is The New Secret Buyer Of U.S. Debt? (I really liked the last paragraph of that post).

Furthering the UST and loss of world reserve currency discussion we have As Russia Dumps A Record Amount Of US Treasurys, Here Is What It Is Buying. (hint - it is shiny and hard and came from space) Of course this is on the heals of Russia And China Finally Sign Historic $400 Billion "Holy Grail" Gas Deal which is the real deal. They are not going to kill us or take over our nation with conventional weapons, they are going to destroy our currency and POOF! they win. As I have suggested over the years and maybe someone from Russia has been reading STB - get out of the dollar, get out of their system and into physical - you get safety and you get to take the banksters down at the same time - win, win!

Bottom line is the course we've chosen is now irreversible without serious military intervention. Ha! and I'm not talking about intervention on foreign soil but domestic.  Open your eyes folks. The lies are a mile thick and growing exponentially. We are going to crash horribly. This of course is going to lead to the confiscation of all pension and retirement plans and then mass welfare (well, even more mass than it is now).

Let's do the math again - $18T in debt and $19T in retirement savings (at current market levels). 18 minus 19 = 1 in change. They will need that extra one to pay banksters fees for the deal of course, so it's all about even Steven here I'd say. What, you think they'd do it for free? All that we need now is a real crisis (not that we're not in one - or twenty now), we need a domestic "event" that will galvanize the nation. Think 9/11 but worse. LooooooL - let me translate that, a false flag that will allow them to fleece the savings of millions of Americans under the cover of patriotism so they can cancel all their bad debts and entrench their tyrannical rule.

I've been writing about this stuff for years now and it appears we're finally getting close to the end game. Be ready. It's coming.

On to the lie -

Backing it out a bit -

Minis 4hr - Yellow and final (I believe) rising wedge culminating the end of the STB rising red wedge of death. 

Minis 60m - I added a new (green dashed) lower support to the rising green wedge (third iteration - not uncommon). So, it's either busted and backtesting second iteration support or they have just lowered support and are in a new larger wedge (standard old trick).

The Head and Shoulders discussion - Yes, both exist and I have pointed this out for a couple of weeks now. Either the 1804 is a IHnS head low or the 1898 is a HnS head top.

I like down but fear up. They either ramp it to get room above my red diagonal of death or they crash it and go all taper off and QE on. Well, their stealth Belgium QE is not really having much success at lifting these nervous markets now is it? 1886 to 1900 proving to be a tough nut to crack as critical support is literally flying up underneath price. Something is about to break. Sure, they may get another ramp. Who cares if WMT, CAT and a slew of other major market and economic barometers all missed (lowered) earnings estimates for the Nth quarter in a row. All is well. Move along. Risk on. Feed ur greed.

A note from the management: Last day of school! Halleluiah! Let summer begin. Great school year for the Little S's. They killed it and mom and dad are proud. Now, this means that I will be moving into summer mode. That means I will do most post writing at night and some of my content may drift a bit as vacations and late summer nights lead to later morning starts. I'll still be on top of things and here, just that some breaking content that is usually found in the morning post will now be found in the comments section.

More to come below.

Have you shared STB?

Have a good day.

GL and GB!

Wednesday, May 21, 2014

Morning Charts 05/21/14 SPX /es

Let's keep it simple - WMT, CAT and various other large retailers missed earnings (badly). Markets remain at or just under ATH's. Why? Simple it's rigged and they can not allow the market to crash or even correct. Nothing is real anymore, so get used to it.Think Belgium and stealth QE.

Yellen speaks today at 10:30 - all eyes on this and the FOMC minutes release. After Plosser blew up things yesterday with raise rates talk and other apparent policy changing memes, you better be on the lookout for some rhetoric/path change from team manipulation.

To say that things are not at a proverbial fork in the road would be wrong. Their failed policies have left us with no other option but to continue down the dreaded path of increasing debt to ultimate destruction. they need something new. How do they get this? Well an engineered correction to induce great fear would be their best option. Think TARP and blackmail v 2.0 except this time at the top of the market instead of a bottom.

Minis 60m - Red diagonal of death - Look I'm tired of saying it, but there is really nothing more to this story. All critical support is now well over 1800. There is no room or comfort zone anymore as they apparently can't ramp price the way they used to. So, are there any questions about the RDofD or any other diagonals or s/r I have? Looks plain and simple to me. Really nice potential HnS set up pending. If Yellen says the wrong things today 1833 to 23 could be in the cards and in a hurry. They are out of room now.

More to come below.

Have you shared STB today?

Have a good day.

GL and GB!

Tuesday, May 20, 2014

Morning Charts 05/20/14 SPX /es

At STB we speak a lot about dysfunction. It is rampant in government these days. It does not take a microscope to find it. If you are not careful you can get broadsided by the 2x4 of dysfunction right up side the head.

For those of  you not following the VA saga, maybe you have only missed the prologue. If More VA Whistleblowers Coming Forward, Campaign Says is true then this hot topic is just getting started. In a high act of hypocrisy, you defend me and our corprotocracy, fight wars of aggression and destabilize the globe, and in return we will deny you freedom and proper healthcare when you come back home, maybe this administration is getting its just due?

Sure, this can be some of Bush's fault. I can go for that. The real deal is how is this administration going to become the dominant tyrannical force on the globe if they alienate their muscle? How are they going to initiate marshal law in the US if they've pissed off every service person they have? Hmmmmm? And I ask, have you ever seen the administration scramble so hard so fast (well, for something not O-care or gun confiscation related)?

And in conspiracy corner this morning - White House vows CIA will not stage fake vaccine programs. Well OK then, people of the globe can be more relaxed this morning! Not really, but .... "As Pakistan suffers a resurgence of polio, a top White House official pledged in a letter dated May 16 that intelligence agencies would foreswear the tactic, which is partly blamed for the spread of the crippling disease." Does this story reek of how many things? OK, we won't spy on you but we will give you diseases so our big paharma can come in and make billions. Whatever.

On to the lie -

Gold - /YG - I saw this post at ZH and all I could muster was a laugh - Gold Slammed As 'Panic-Seller' Dumps $520 Million In Futures. So, why? Want the conspiracy side? Well not one person or entity would dump that much physical but ... digital? Kinda makes one wonder. Why is someone in such a hurry to get out of digital gold? And the price reaction to this sale, "Intriguingly, though the notional size was large, the actual move is not as large as we have become used to with the ubiquitous Slamdowns." Physical is setting its base just above long term green support at the 38% retracement 1294.

Minis 60m - The bear case is a head and shoulders with this backtest of busted green wedge support at 1886 resistance forming the top of the right shoulder. The bull case - HnS formations have a tendency to ramp off this exact spot. The red diagonal of death is clearly in the picture. They must avoid that failing at all cost. watch 1886 resistance. First support is 1874.

More to come below.

Have you shared STB today?

Have a good day.

GL and GB!

Monday, May 19, 2014

Morning Charts 05/19/14 SPX /es

A few quick notes regarding your loss of freedom -

They could not get the guns, so they shut down the last lead smeltry in the US. This will force us to get all our bullets from overseas - talk about an act of terrorism! Well, they are coming for the guns again. This time see Targeted? Gun sellers say ‘high risk’ label from feds cuts off banking options, restricts business for how they are planning their new attack. Of course the justice department can give all the guns they want to Mexico or to al CIAda, but to us, nah, not so much.

As for the NSA and your privacy, if you are concerned, I suggest you read “We’re At Greater Risk”: Q. & A. with General Keith Alexander. It is full of mind blowing stuff that will really tick you off. As for the "We're at greater risk" part, well, you all know that I think we are at a greater risk of a false flag operation from our own government rather than some foreign source. I also think that this "event" will happen sooner than later.

As for the USD/JPY pair, the one pair that everyone seems to focus on like it's the barometer that could mark the singular point of ultimate doom for all that is financial (well, carry trade wise) - I think these charts are worth noting.

USD/JPY Monthly - STB has been showing this chart for some time now. From the 147 top back in 1998 the pair has been on a steady decline. Now of course two countries with a combined debt/GDP ratio over 350 would never rig or manipulate their currencies, but .... Anyway, technically speaking the pair has a serious roadblock issue here. Falling long term upper (dashed yellow) diagonal resistance, the 38% retracement at 103, the 101 support resistance and the monthly 200ma levels are all within four points of price here.

USD/JPY Daily - The 101 level has been support and 103/38% retracement has been resistance this year. If you look above at the climb off the 75 low, there was an abrupt ramp. This 33% increase is now forming and ending diagonal (rising blue wedge) that is running into all this larger, long term resistance. If 101 and blue diagonal support fail here the equity markets are quite possibly going to follow. Bottom line is without a miracle (or some very serious intervention) their goose is cooked and their bubble is about to pop.

On to the lie - 

Now let's correlate the above pair's position to the SPX eminis -

Minis 30m - Did they just manage to set a nice head and shoulders formation just above the red diagonal of death with that last pop to a fresh new all time high? Could this HnS target the 1823 critical support area I've been mentioning for the past several weeks? Now, these formations, traditionally very bearish, have been more bullish than not over the past four years. Now bully still has a shot at the inverse HnS I pointed out last week as well. We're at that sort of junction in the market. Like I've been saying - either they ramp it away from critical support (red) or they are gonna let it go.

At some point traditional/natural market forces will assert themselves. The rising red diagonal of death support is price support here. Refresher - triple rising wedge scenario (red, yellow and green) - green just lost support - blue falling channel resistance is now back in play and all right at red. This is a major, major inflection point.

Minis 4hr - Back it out and see the potential STB point I think is possible her - the yellow/blue dashed/1844 intersection just below. This would hit on Wednesday.

Critical numbers on the minis this morning are - resistance 1870, 74, 77 and 86 for support 1866 and 64. Sub 1864 and sell stops may be triggered. Then it could be seriously game on.

More to come below.

Have you shared STB?

Have a good day.

GL and GB!

Friday, May 16, 2014

Open Weekend Post 05/17-18/14

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

If you see it, share it.

Minis are in a very precarious spot. At blue channel resistance at 1874 support/resistance and backtesting the busted green rising channel resistance all right after struggling to hold above the STB Red diagonal of Death. Uh .... hello .... Mr. Support, please meet Mr. Resistance.

Let me add - this should not bother you one bit - not at all - Dept. of Agriculture Orders Ballistic Body Armor. Nor should this Dept of Agriculture Orders Submachine Guns with 30 Round Magazines standard op procedure I guess. USDA expecting to be fighting terrorists at home? You can never be too safe I guess. Shuh, right.

Have a good weekend. 

GL and GB!

Morning Charts 05/16/14 SPX /es

I have two meeting this morning that will keep me out for a while, so hold down the fort.

No minis charts till I get in.  

They either save it here or they let it go. I've been on the two scenarios for a couple of weeks now. Fear up (got it) like down (getting it). They have to ramp it to get room above support (got it) or let it go (can't hold it) and change course looking for un-taper additional QE ignition - which will result from real market fear possibly caused by more than just a bust of support (think FF). The QE meme is not flying the way it was so they are going to have to do something to keep the lie going. We're at some sort of turning point here I believe.  

See the comments late yesterday where I showed the price action with the STB Red Diagonal of Death. It gets real serious every time price comes in its neighborhood. With their inability to create upside that will stick and the rapidly rising RDofD - they gotta do something, and what they've done no longer works. Nervous markets not cooperating.  
Daily SPX - The neg divs all over this chart are just insane.

SPX Weekly - Neg divs.

SPX Monthly - Neg divs. 

SPX to BP - Neg div

 More to come later. 

Have you shared STB? 

Have a good weekend. 

GL and GB!

Thursday, May 15, 2014

Morning Charts 05/15/14 SPX /es

Hmmm ....

Nothing has changed, and the story remains the same. Bad = Good and that's about all there is to it. Japan improves dwindling hopes of moar QE - markets fall. Someone misses GDP or had bad economic news and the markets rally. Just keep the hopium flowing and the larger the injection the better.

The worse things get the better the markets perform - why? QE, plain and simple. Whether it's a Hilsenrath or Draghi rumor, a Fed president or Yellen speaking - The only thing that moves the market is QE news (and maybe some botched foreign policy stuff like failed CIA coups or false flags gone bad which are becoming the norm).

Take the WMT miss this morning. Walmart Misses Across The Board, Guides Lower: Blames It On Weather, Obamacare And Taxes and the markets reaction? Ho-hum. Uh, hello people. The worlds largest retailer, the barometer for global everything economic has been fading for over a year. They miss and we just dismiss it like, it was the weather's fault? No big deal? All is well? Excuse me but if a WMT miss does not move the needle, then what does? QE and only QE.

Houston, we have a problem. LOL, and never mind Russia, China and Iran working their tails off to destroy the dollar. Never mind the coming Silver market un-rigging (STB "event" worth moment). Pay no attention to the now global social unrest. Pay no attention to anything! The markets are at ATH's and all is well! #LOL Like I have said for years, the market is all they have left and that illusion must survive at all or any cost. Remain patient. We're close if not there.

On to the lie -

I could baffle you with BS and dazzle you with charts a plenty, but let's not. I'm pretty sure we all know where things stand - 16,613 feet up, on a very windy perch, on a pile of sand, on a layer of ice, on gravel that is one pebble's movement away from giving way to the fall from glory. Treacherous does not begin to describe our current situation.

You all know STB loves confirmation from the experts. This little blog just rolls along in relative anonymity doing its thing and preaching its steadfast beliefs, so when one of the "experts" comes and confirms this peons thoughts it can be a bit gratifying. Where have you heard this before? ""nervous, it's nervous time" and in this "dangerous market", it is "time to preserve money"; his advice to anyone listening: "don't be too freakin' long"." Sounds like .... me! But it was Mr. Tepper.

Top - this may become a daily bullet point discussion topic in the posts from now on. Seems to be what most are interested in, and apparently I have an audience that cares to hear my opinion on this. Uh ...... Hmmmm ...... Let me say this, there is not a single indicator left that's not pointing to a top right now. You name it and it's either maxed or bottomed out. I talk the STB "event" and show you the weekly and monthly charts. Like I said above, we're one shifting pebble from losing all support right now, and that 16,613 foot cliff is looming. This triple rising wedge scenario is really kinda cool. Who could ask for more? What a bearish technical scenario at a time when when world is crashing down and lies are all there is supporting anything. As mentioned, an overthrow of all of this would be the storybook ending to this bear market run from 2009.

Minis 15m - STB point just below at 1874 s/r/green/blue is in sight. It may or may not make it, but from when I pointed it out, price has sure started at least tracking that way.

Minis 4hr - I highlighted the rising yellow wedge. A-E touches could be considered complete with the new high yesterday. This technically ends all three wedges red, yellow and green and has great potential to have marked the top. Price is literally running for its life here with the RDofD just below and blue and red dashed ultimate supports way in the picture. I must point out the potential inverted HnS with neckline at 1886. I have not mentioned this previously, but it is there.

Patience and preparation - Those need to be your guiding words over the next couple of months. Be ready to strike. Be ready to survive. Don't worry about timing the top. We got 16,631 feet to fall. You'll have time to get in on plenty of good action (until they outlaw shorting of course). As mentioned above and over the years, I'd consider taking profits OUT of their system systematically. Of course this is an unpatriotic terrorist act. That said, you decide what needs to be done and where your assets are safest.

More to come below.

Have you shared STB lately?

Have a good day.

GL and GB!

Wednesday, May 14, 2014

Morning Charts 05/14/14 SPX /es

Full moon fever!

No commentary today. Aren't you lucky!

On to the lie -

Let's review!

Minis weekly -

Large blue dashed channel up off the '09 667 low to fresh new awesome ATH 1898.5 yesterday (cash took out 1900). Within this channel there was the yellow rising wedge that should have ended it all, but the first major overthrow in Jan 2013 with QE4eva really screwed everything up. This overthrow of course led to the rising red wedge of death that we're currently winding down.

Minis Daily - the rising red wedge of death (RRWof D) overthrowing upper blue long term channel resistance.

Minis 4hr - Just above the overthrow - Inside the RRWofD there have been multiple formations leading to resistance and support. Currently price is trading in three rising wedges. Not quite sure I can ever remember such a scenario, and we all know that a rising wedge is a bearish formation leading to a reversal. First there is the narrowing, nearing its climax RRWofD. Then there is the rising yellow wedge. Finally you have the small rising green wedge.

Minis 4hr - And finally we drill down to the final rising green wedge. Yes, that mess in the upper right corner of the first chart becomes manageable when you put it under the microscope. Main things to see here - Resistance upper yellow, red and green rising wedge resistance runs from 1903 to 1913. An even bigger problem is the STB RRWofD support just below at 1866.

Narrow does not describe their window here. When they are doing their best to run away from critical support that is chasing hard and they have to keep pushing price into the upper, upper atmosphere - that's not a good situation.

More to come below.

Have you shared STB today?

GL and GB!

Tuesday, May 13, 2014

Morning Charts 05/13/14 SPX /es

Other than the Ukraine and the possibility of WWIII breaking out any second, the news is rather quiet. I mean you have your standard Syria, MENA, PIIGs, EU, China, N. Korea issues. Then you've got all the economic and financial stuff like employment, debt and reserve currency blah, blah,blah as well. Then you have our government running the whole show. I mean, all seems pretty good right now so why not have markets at ATH's? I mean, like, what's the matter?

Seriously, the DOW hits fresh ATH's yesterday and we got Jay-z in an elevator fighting with Beyonce's sister. Who in their right mind is paying attention to anything the government is doing? Apparently things are well under control. Move along.

That said, let me throw this out -

Rev 18 3: 

    "For all the nations have drunk
    the maddening wine of her adulteries.
    The kings of the earth committed adultery with her,
    and the merchants of the earth grew rich from her excessive luxuries.”

On to the lie -

Well, guess who dodged yet another top call bullet? Shuh, yeah, right, that'd be ME! How you may ask? What is the great power does this man possess that allows him to see markets and stay where others fear to dwell? If I were working at some major bank or investment firm I would be considered one of the best, maybe even better than Cramer, market prognosticators out there. I'd be in all the magazines and on CNBS at least weekly.

LMAO - there is no secret or power or special ability - I have the ability to separate fact from fiction, that's about it. I have the ability to check my brain at the door every morning (that's probably the best superpower I have). I have the ability to see a rigged POS market and know that it is under complete control. I know a lie when I see one. I have patience.

I may have some special talents. I can point to the STB external or exogenous "event" call from 2009 as one particular moment of brilliance. I can point to my follow the Fed mantra from 2011. I can go with my "unprecedented manipulation" call from August 2012. I can pull out a few STB points and the STB Red Diagonal of Death. None of that is important. Now my 2012 "God is dead" call is everything, but let's not go there today (see Babylon above). I am a simple market Sherpa. My job is to do the best I can to tell you what I think is right and fortunately (for all of us here), I've been one of the best. My track record over the five years I've run this blog is rather remarkable.

You must buy into the conspiracy. You have to 110% know that they are in complete control. Not until some "event" forces their hand will they relinquish anything. You must realize that this market is all they have left. It is the great illusion that all is well. That their policies and all the additional debt have been a success. That the economy is not crumbling. That the dollar is safe. DOW at ATH, move along.

What have I been saying? I like down but fear up. They have to ramp it to get room above all the critical support that's rapidly approaching from below. They MUST keep the markets up or else. They can NOT let it crash - we've been saying/knowing this for literally years here. OWN that thought!

However - they are almost out if time technically. The first technical "top" came 1/1/13. This was the point of the first great technical overthrow. In mid 2011 I called that it would all end in Q1 2013, and it should have, but then came QE4eva and the rest is history. I had the balls to look a year and a half out then and here we are a year later than that still rolling at fresh new ATH's. This house of cards will fall soon. Everything above 1475 will turn to dust. That's 400 SPX points or roughly 4,000 DOW points that will, I believe, literally be evaporated once my "event" hits. The charts I have been pointing to over a year now say June, this June, they should not be able to carry it beyond then. I believe TA will get the call right. I've believed it all along. They can't outrun price.

I suspect you will finally hear me call a top within the next month or two. Right or wrong, anything above here (really anything above 1475), will all be taken back so fast once things turn it won't matter.

MOST IMPORTANTLY - Let me add that none of us want what's coming after the collapse. Once the veil is lifted on reality it's gonna be the scariest damn thing you've ever witnessed.

Weekly SPX - Just follow the diagonals on the indicators, the yellow boxes, the vertical red line and the marry that to the rising wedge above. We're close. This chart and the monthly have been the two things that have kept me in the non-top calling game. I can not wait much longer.

Minis 4hr - You know all the numbers and points by now - I'll cover this more below. 1903 is upper green wedge resistance. If it hits 1912 I may call a top. Then again, would it not be appropriate at this point for them to end it all overthrowing THREE rising wedges (red, yellow and green) all at the same time to end it all with a bang? 

More to come below.

Have you shared STB today?

Have a good day.

GL and GB!

Monday, May 12, 2014

Morning Charts 05/12/14 SPX /es

Just briefly I'll hit one 'what's coming' this morning. Oldie but a goodie and I like to promote when the experts are backing up my thoughts and long term theories. In Cameron, Confiscation, And "What's Yours Ain't Yours!" those in the EU (and via osmosis those in the US) should be learning that these folks are dead serious about wealth confiscation. Ask the good folks in Cyprus how it felt to wake up one morning having your life savings confiscated.

I'm pretty sure that sucked, bad. STB harps on it all the time and Armstrong's post does as well, the smart folks will move their assets ahead of time. This is not an "in anticipation' move. This is a move following basically a promise out of economic necessity that they will come for your assets.

I talk a lot about the coming confiscation and removing your funds from their system. I know it is hard to grasp the reality we're facing. It's hard to fathom that you are going to have to protect your wealth from your government. It's hard to wrap your head around the death of democracy and the rise of the fascist corporatocracy, but it's all real and it's happening right in front of your nose.

I'll say it till I'm blue in the face. I think slowly removing your assets from their system - this means all the way out and into your mattress - is the smartest thing to be doing right now. How bad are things - well let me put it this way - by removing almost any sum of YOUR money from THEIR system to do whatever YOU want to with is now basically considered a terrorist act. Folks it does not get any worse than that. Get your money out of their system and out of the dollar. Buy physical things like gold, silver, land, tractors, guns, ammo, you name it and pay CASH where your purchases are not traceable. To me this is the best financial decision anyone can be making at this time.

The markets are a farce. Just yesterday we had another 'potential QE' blurb from the ECB. Markets popped this morning accordingly. What happened after Draghi's QE poke last week? Pop and drop? Their lies and the promise of QE4eva are not working the levitation trick they once did. The markets are tired and very nervous. The lies that have led us here are no longer working, the economy is not recovering, and the debt is unmanageable and unsustainable. Add to all that technical analysis is screaming top in the near future.

You need to seriously consider the above action plan. Your government no longer serves you. Your representatives serve their corporate masters. You are losing rights and freedoms almost daily now that were not only given you by God but the Constitution as well. You need to really have a reality check, get on the right side of all of this, put on the big boy pants and make the hard decisions. Now is the time.

On to the lie -

Minis 4hr - price still struggling to get and stay above blue falling channel resistance. Price will get above this resistance and run to 1886 then retreat. the rising green wedge into this resistance runs out of room Wednesday so something has to give. Worse, the rising STB red diagonal of death crosses upper falling blue channel resistance Friday, so something big must happen this week. I like down but fear up (still). They have to ramp it of they collapse it looking to generate fear and then the un-taper add back QE. I'm sticking with that story.

Minis 4her - Closer up you can clearly see the support and resistance. Trading above the blue falling channel resistance, under 1886 resistance, just above 1874 s/r, about in the middle of the rising green wedge whose support is at the 1886 s/r and then the STB RD of D down at 1861. Those are all your numbers for today.

More to come below.

Have you shared STB? If not and ur so inclined please do so.

Have a good day.

GL and GB!

Friday, May 9, 2014

Open Weekend Post 05/10-11/14

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

Very, very dangerous spot. The markets are barely hanging on sitting just above critical support with the apparent inability to take out several key resistance areas. Super dangerous. 

If you see it, post it. I'll do the same as I cruise the internet this weekend looking for more clues and evidence. 

Have a good weekend. 

GL and GB!

Morning Charts 05/09/14 SPX /es

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

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

Blood red river in Switzerland just one of many worldwide

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

On to the lie -

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

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

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

More to come below.

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

If you have not shared STB, please consider it.

GL and GB!

Thursday, May 8, 2014

Morning Charts 05/08/14 SPX /es

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

Pelosi misses Lerner contempt vote for fundraiser...

Cruz Releases List of 76 'Lawless' Obama Actions...
More Businesses Shutting Down than Starting Up...
58 Million Working-Age People... Not Working

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

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

and the headline -


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

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

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

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

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

On to the lie -

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

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

More to come below.

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

Have a good day.

GL and GB!

Wednesday, May 7, 2014

Morning Charts 05/07/14 SPX /es

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

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

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

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

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

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

On to the lie - 

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

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

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

More to come below.

Have a good day.

GL and GB!

Tuesday, May 6, 2014

Morning Charts 05/06/14 SPX /es

Just a few charts this morning -

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

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

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

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

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

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

Have a good day.

GL and GB!

Monday, May 5, 2014

Morning Charts 05/05/14 SPX /es

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

On to the lie -

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

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

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

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

More to come below.

Enjoy the week,

GL and GB!

Friday, May 2, 2014

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

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

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

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

Daily SPX -This chart is VERY bearish.

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

Have a good weekend.

GL and GB!