You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
Very interesting close Friday (for a change).
World is crumbling, well all but the EQ mkts (which may be about to catch up).
Have a good weekend.
GL and GB!
Friday, January 30, 2015
Morning Charts 01/30/2015 SPX /es
You low life scum don't need to hear my take this morning. Not really sure I have much to say that can clarify the clusterf that is the economic and political world today.
Reality no longer exists. Why bother discussing something that is completely out of your (or anyone's) control? Let's discuss something relevant and material. Here is my take on the Super Bowl - Elites from New England play the 99% from Seattle. How do you think it will turn out? Damn, more irrelevance. They got us coming and going.
On to the lie -
My bias remains to the south.
SPX Daily - Check out TNX (pink) on this chart. Commods, bonds, everything BUT the equity markets is off kilter. Common sense and the odds both tell you what must happen, or that the odds of a correlation not happening are off the charts. They have apparently lost control of everything but equities, which as STB has noted for years is their veil hiding the harsh, cold, crumbling, decaying real world. Technically things are rather weak. To the sell stop question I got the other day - where will they all bail ship - I lowered that number from 1969 to 1945.
SPX and the BDI - Just a visual. I guess they don't ship iPhones? All is well!
More to come below.
Have a good weekend.
GL and GB !
Reality no longer exists. Why bother discussing something that is completely out of your (or anyone's) control? Let's discuss something relevant and material. Here is my take on the Super Bowl - Elites from New England play the 99% from Seattle. How do you think it will turn out? Damn, more irrelevance. They got us coming and going.
On to the lie -
My bias remains to the south.
SPX Daily - Check out TNX (pink) on this chart. Commods, bonds, everything BUT the equity markets is off kilter. Common sense and the odds both tell you what must happen, or that the odds of a correlation not happening are off the charts. They have apparently lost control of everything but equities, which as STB has noted for years is their veil hiding the harsh, cold, crumbling, decaying real world. Technically things are rather weak. To the sell stop question I got the other day - where will they all bail ship - I lowered that number from 1969 to 1945.
SPX and the BDI - Just a visual. I guess they don't ship iPhones? All is well!
More to come below.
Have a good weekend.
GL and GB !
Thursday, January 29, 2015
Morning Charts 01/29/2015 SPX /es
No post this morning. I have a school meeting for the ls's I must attend. I will get to charts and such below when I get into the office. Yesterday I got it right when I thought red-er. I still think down is the play with the cb's basically having played their hand for this round.
More to come below.
Have a good day.
GL and GB!
More to come below.
Have a good day.
GL and GB!
Wednesday, January 28, 2015
Morning Charts 01/28/2015 SPX /es
FOMC day - not gonna waste my breath on a post. Why, when it's all a crap shoot relying on specific word bank weightings of excitable adjectives? To ease or not to ease? To raise rates or not? Grandma could make it really easy on all of us and simply say, no easing and no rate raise. Done, there you have it, see you next month.
On to the lie -
SPX Daily - The bull case - ECB QE #fail, the FOMC better come to bat today, and the AAPL beat lift failed (SPX futures fell 15 points from highs last night). The bear case - price broke LT support (black - the STB diagonal of death) that's been a spring board for price since December of 2012 for the fourth time in the last four months. The backtest of this busted support is cause for concern for bully. The red rising wedge that STB said would form back in October has a completed A-E formation, and with the LT black diagonal's interaction with price in the bottom of this wedge price is getting a double dose of downward pressure. Bottom line is price is apparently (at this moment) reacting more to technical pressures than to inflationary fiat measures. This is a huge change and must be noted.
More to come below.
Have a good day.
GL and GB!
On to the lie -
SPX Daily - The bull case - ECB QE #fail, the FOMC better come to bat today, and the AAPL beat lift failed (SPX futures fell 15 points from highs last night). The bear case - price broke LT support (black - the STB diagonal of death) that's been a spring board for price since December of 2012 for the fourth time in the last four months. The backtest of this busted support is cause for concern for bully. The red rising wedge that STB said would form back in October has a completed A-E formation, and with the LT black diagonal's interaction with price in the bottom of this wedge price is getting a double dose of downward pressure. Bottom line is price is apparently (at this moment) reacting more to technical pressures than to inflationary fiat measures. This is a huge change and must be noted.
More to come below.
Have a good day.
GL and GB!
Tuesday, January 27, 2015
Morning Charts 01/27/2015 SPX /es
Well, yesterday I said I still give the bears a fighting chance. Apparently with the failure of this round of levitation medication the patient may be taking a turn for the worst. Like with standard meds, sometimes they lose their mojo. The disease morphs and becomes immune to what we want to treat it with. While this situation is usually a dream (and sometimes scripted) for big pharma, in this case it's not the desired result (which can be debated).
Either way, their most recent round of levitation medication failed. Continuing the big pharma analogy, for better or worse, meds tend to become moar expensive over time, sometimes to a point where they can no longer be afforded by the patient or a supporting government (or bank(s in this case).
But this is Merica (or at least Merica's doing), we don't fail, we just go larger - isn't that the answer for everything? So, I'd expect a last round of treatment that's so large it will either cure (impossible) or kill, via overdose (highly probable), the patient. The Fed's gonna be forced to throw every form of treatment possible in a last gasp effort to save the patient. Un-taper, go NIRP, anything you can imagine in their power and not will be thrown at the proverbial wall.
What happens when the patient dies? Well, I've told you for years how to prepare for that. I hope you have been listening.
Interesting - worth repeating -
On what STB is not, and why we're financial outcasts - Truth sucks. It takes a huge set of balls to address and deal with reality. We will all be better off in the long run for the path we chose to take.
On to the lie -
SPX 30m - She turned without a negative divergence. Can't remember the last time this happened. Very large range around that LT resistance diagonal that price does not like to stay above.
More to come below.
Have a good day.
GL and GB!
Either way, their most recent round of levitation medication failed. Continuing the big pharma analogy, for better or worse, meds tend to become moar expensive over time, sometimes to a point where they can no longer be afforded by the patient or a supporting government (or bank(s in this case).
But this is Merica (or at least Merica's doing), we don't fail, we just go larger - isn't that the answer for everything? So, I'd expect a last round of treatment that's so large it will either cure (impossible) or kill, via overdose (highly probable), the patient. The Fed's gonna be forced to throw every form of treatment possible in a last gasp effort to save the patient. Un-taper, go NIRP, anything you can imagine in their power and not will be thrown at the proverbial wall.
What happens when the patient dies? Well, I've told you for years how to prepare for that. I hope you have been listening.
Interesting - worth repeating -
"And it is very interesting to note that there will also be a solar eclipse on September 13th, 2015. Over the past century, there have only been two other times when a solar eclipse has corresponded with the end of a Shemitah year. Those two times were in 1931 and 1987, and as Jonathan Cahn has told WND, those solar eclipses foreshadowed major financial disasters…"
On what STB is not, and why we're financial outcasts - Truth sucks. It takes a huge set of balls to address and deal with reality. We will all be better off in the long run for the path we chose to take.
"Anyone with half a brain willing to say “Well hold on…” is immediately scorned, shrugged off, and quite possibly branded and slated to appear before the inquisitor committee of the Central Banking church of Keynes."
On to the lie -
SPX 30m - She turned without a negative divergence. Can't remember the last time this happened. Very large range around that LT resistance diagonal that price does not like to stay above.
SPX 5m - NT support will be trounced this morning. First black support was busted, and now blue support will go. This is not a good trend especially when there are no neg divs following QE.
More to come below.
Have a good day.
GL and GB!
Monday, January 26, 2015
Morning Charts 01/26/2015 SPX /es
Greece, QE questions, Oil (and new Saudi king), Gold, Bonds, boots on the ground in Ukraine (noooo way), more than questionable leadership and a plethora of other major issues all on top of global meltdown and instability - ever get the feeling that even those running the show know it's all about to come to an inevitable end?
On to the lie -
I still give the bears a fighting chance. Prolly even more now given the muted reaction to the ECB QE. The markets want MOAR! If anything they have bought a little time to decipher where and how this will come, but you can bet ur sweet backside it will.
SPX Daily - There are two hot spots on this chart saying that this corrective may not be what they want you to believe. The two negative divergences are in BP and A50. These say something bout the weakness of this solely QE inspired recovery, but not enough for me to go full bore beartard. The backtest of the black STB diagonal of death and the old red wedge support in process now around 1261 is a big deal and a potential point for the bears to say they have finally had enough. More than likely that red wedge support needs to be lowered where it will act as a D point of an A-E run, thus allowing this last round of QE to have its glory run.
More to come below.
Have a good week.
GL and GB!
On to the lie -
I still give the bears a fighting chance. Prolly even more now given the muted reaction to the ECB QE. The markets want MOAR! If anything they have bought a little time to decipher where and how this will come, but you can bet ur sweet backside it will.
SPX Daily - There are two hot spots on this chart saying that this corrective may not be what they want you to believe. The two negative divergences are in BP and A50. These say something bout the weakness of this solely QE inspired recovery, but not enough for me to go full bore beartard. The backtest of the black STB diagonal of death and the old red wedge support in process now around 1261 is a big deal and a potential point for the bears to say they have finally had enough. More than likely that red wedge support needs to be lowered where it will act as a D point of an A-E run, thus allowing this last round of QE to have its glory run.
SPX 60m - Prolly my fav chart now. Here you see the three red wedge support diagonals. More importantly you see the old blue rising wedge support and resistance. I mentioned this last week. Price is now at old resistance again. As you can see price does not like to stay above this diagonal very long. You can also see where the old support has become upper market resistance, so if they do get carried away (which I doubt, but you can't rule that out) you have a good idea of where their max point will be.
More to come below.
Have a good week.
GL and GB!
Friday, January 23, 2015
Open Weekend Post 01/24-25/2015
You know the drill, share the love and the knowledge.
If you see it share it. I will as well. I was gonna post Gray State here for all to watch but it has already been taken down - SURPRISE!
I'll look at the chartbook. The 60m resistance I showed Friday worked well. QE ain't what it used to be I guess. Not sure. Maybe they know something we don't, so they are not following.
Enjoy the weekend.
GL and GB!
If you see it share it. I will as well. I was gonna post Gray State here for all to watch but it has already been taken down - SURPRISE!
I'll look at the chartbook. The 60m resistance I showed Friday worked well. QE ain't what it used to be I guess. Not sure. Maybe they know something we don't, so they are not following.
Enjoy the weekend.
GL and GB!
Morning Charts 01/23/2015 SPX /es
Not sure where to start today, so I'm just gonna let you insert your ideas here ____________ and be done with the post. So much is going down. The issues don't ever truly go away, nothing gets resolved, new issues continue to pile up in the global logjam of conspiracy fact. Adding moar money at this point is like adding litter to the cat box and not ever cleaning it out.
Let's just leave the post at that this morning, it's Friday, why spoil the day so early.
On to the lie-
Nothing is in sync. Stock market prices are so disconnected from reality it's truly unbelievable. Commods, bonds, stocks - you make sense of it all - impossible. No correlations exist. Historical hedges are gone. I think while they had us worried about earth's poles shifting they switched the markets instead (so now you know why your market compasses don't work anymore - where is true North?)
Index Comparison Monthly - Only Cramer could screw up investing in this market.
SPX 60m - Well, I started discussing back in November if not before that a wedge would form. The drop and pop to Xmas was in the setup. That after Xmas January would be interesting. Their savior would come in the form of moar as it always does but would they be able to maintain. Now we find out if the ECB's actions were enough. Can they turn price and ramp it again?
This time it appears they are running into a few technical difficulties, and getting the crowd to react and fall in line is not as easy as it once was. They are still in total control, but the cost for them to manipulate just went up. How long can they afford to print trillions in fiat, maintain the lie and disregard the other markets (and reality) is the only question left?
Pushing price back through that old blue resistance line around 2060 is a big deal and automatically puts price back into an overbought situation. Notice that resistance line and how price may go over it, it does not stay there long.
More to come below.
Have a good weekend.
GL and GB!
Let's just leave the post at that this morning, it's Friday, why spoil the day so early.
On to the lie-
Nothing is in sync. Stock market prices are so disconnected from reality it's truly unbelievable. Commods, bonds, stocks - you make sense of it all - impossible. No correlations exist. Historical hedges are gone. I think while they had us worried about earth's poles shifting they switched the markets instead (so now you know why your market compasses don't work anymore - where is true North?)
Index Comparison Monthly - Only Cramer could screw up investing in this market.
SPX 60m - Well, I started discussing back in November if not before that a wedge would form. The drop and pop to Xmas was in the setup. That after Xmas January would be interesting. Their savior would come in the form of moar as it always does but would they be able to maintain. Now we find out if the ECB's actions were enough. Can they turn price and ramp it again?
This time it appears they are running into a few technical difficulties, and getting the crowd to react and fall in line is not as easy as it once was. They are still in total control, but the cost for them to manipulate just went up. How long can they afford to print trillions in fiat, maintain the lie and disregard the other markets (and reality) is the only question left?
Pushing price back through that old blue resistance line around 2060 is a big deal and automatically puts price back into an overbought situation. Notice that resistance line and how price may go over it, it does not stay there long.
More to come below.
Have a good weekend.
GL and GB!
Thursday, January 22, 2015
Morning Charts 01/22/2015 SPX /es
Not much to say other than we've been discussing this day for weeks now. Will it be enough? If so, new ATH's should be in your future. If not, a sell off and sooner than later mass of Fed speak to calm and lift will come. Pretty simple if you've been paying attention over the years. Predictable? LOL, like clockwork. Just remember, it is their game and to try, or even contemplate, to outguess them is impossible. Just sit back and follow their lead. As I've said for years, check your brain at the door every morning and follow the Fed.
On to the lie -
SPX Daily - Bear case - busted wedge support and backtest of that busted support - they are obviously allergic to that 200dma, but if the ECB does not please I suspect price may visit at least that point near 1967. This would satisfy my desire for price on this fall to drift to the low 70's before recovering. Now remember price floats above a supportless void, so if say the 1950 area goes another 18 handle could easily be in the picture.
SPX 5m - everything formation wise here says more down than up to me. Overthrowing either rising wedge scenario. I've been all over the 25 area as a hot spot since the last top, and it's not disappointing me. Price looks to me like they have been rather cautiously front loading the ECB announcement. Funny but that's the worst case of BTFD I've seen in years. This is the market having credibility issues with those promising liquidity, not good.
Let's see what they do. then we'll go from there.
More to come below.
Have a good day.
GL and GB!
On to the lie -
SPX Daily - Bear case - busted wedge support and backtest of that busted support - they are obviously allergic to that 200dma, but if the ECB does not please I suspect price may visit at least that point near 1967. This would satisfy my desire for price on this fall to drift to the low 70's before recovering. Now remember price floats above a supportless void, so if say the 1950 area goes another 18 handle could easily be in the picture.
SPX 5m - everything formation wise here says more down than up to me. Overthrowing either rising wedge scenario. I've been all over the 25 area as a hot spot since the last top, and it's not disappointing me. Price looks to me like they have been rather cautiously front loading the ECB announcement. Funny but that's the worst case of BTFD I've seen in years. This is the market having credibility issues with those promising liquidity, not good.
Let's see what they do. then we'll go from there.
More to come below.
Have a good day.
GL and GB!
Wednesday, January 21, 2015
Morning Charts 01/21/2015 SPX /es
Well, another year begins with another SOTU STFU moment. I highly encourage you to go to yesterdays post and take the time to read RC's blow by blow commentary. Enlightening and chocked full of moar lie busting facts. The GOP BS response pales in comparison. The MSM can't touch RC's brilliance. Truth can't be told to the masses, they would not understand. It's a shame he was not elected to congress.
QE Eve. If they had been smart they would have had this announcement coincide with the holiday last weekend, but I'm not in government, so I think rationally. Instead it falls three weeks or more after first announced and their initial intent of a "free ride" on just the promise of QE (as we've seen with every instance in the past) has drawn no more than a #FAIL. Don't get "overexcited"?
Scuse me, we waited all this time for don't get "overexcited"? Don't worry, we didn't and neither did the markets. No new ATH's this time. Are the tides finally turning on the liquidity train? Are the Keynesian prophets tapped out, or are their pockets so overflowing with all the stolen cash they can't take any more in? I think the CB's of the world know they have gone too far. The parasite has almost killed the host.
At least the ECB QE debate ends tomorrow. Can't wait for the next announcement, which could come on the heels of this one, should come from the Fed and has potential to be either a surprise or really large if the markets react negatively to this ECB #FAIL moment.
On to the lie -
Failure to deliver on a QE promise that did not ramp the markets to create any cushion for such failure has potential to be devastating. If the drug dealer runs out of hopium, the addicts reaction/withdrawal is not a pretty sight.
SPX Weekly - This one scary chart.
SPX Monthly - This chart is scarier than the one above.
I believe the end is near.
More to come below.
Have a good day.
GL and GB!
QE Eve. If they had been smart they would have had this announcement coincide with the holiday last weekend, but I'm not in government, so I think rationally. Instead it falls three weeks or more after first announced and their initial intent of a "free ride" on just the promise of QE (as we've seen with every instance in the past) has drawn no more than a #FAIL. Don't get "overexcited"?
Scuse me, we waited all this time for don't get "overexcited"? Don't worry, we didn't and neither did the markets. No new ATH's this time. Are the tides finally turning on the liquidity train? Are the Keynesian prophets tapped out, or are their pockets so overflowing with all the stolen cash they can't take any more in? I think the CB's of the world know they have gone too far. The parasite has almost killed the host.
At least the ECB QE debate ends tomorrow. Can't wait for the next announcement, which could come on the heels of this one, should come from the Fed and has potential to be either a surprise or really large if the markets react negatively to this ECB #FAIL moment.
On to the lie -
Failure to deliver on a QE promise that did not ramp the markets to create any cushion for such failure has potential to be devastating. If the drug dealer runs out of hopium, the addicts reaction/withdrawal is not a pretty sight.
SPX Weekly - This one scary chart.
SPX Monthly - This chart is scarier than the one above.
I believe the end is near.
More to come below.
Have a good day.
GL and GB!
Tuesday, January 20, 2015
Morning Charts 01/20/2015 SPX /es
SOTU - YOU LIE! and he's lied hundreds of times since. He lies to your face - a lot. I won't be wasting my time listening to him tonight - or ever for that matter.
Well, I wondered weeks ago about this long journey to ECB QE due Thursday. We've watched the market swing back and forth on every hint of action or inaction. The positioning politically, financially and the pressures or challenges placed to influence the decision have been obvious for the most part. So, what will they deliver? Will it be big enough to satisfy the globe? Apparently with QE, size does matter.
We're apparently right back in bad=good mode as markets blossom this morning on the IMF global growth cut this morning.
Things are not good, and Thursday we're gonna find out if the lords of QE still rule the roost. If this fails and disappoints the markets, look out below.
On to the lie -
SPX 60m - The rising wedge - or is it? Has it failed? Has it just set a lower low so they can go higher one last time? Also, is there a falling triangle in there?
SPX Daily - Reversal candles, especially in their case, usually indicate reversals.
SPX Daily- The 13/34 bear cross, falling to the 100ma and lower support on this chart have all been good spots to look for reversals. I wonder what happens when all three happen at the same time? I'll note, not that they are needed, but positive divergences are not set as price needs to get to the lower 70's for that to happen. I'd still prefer to see that area hit first. They don't require anything other than a lie to reverse the market at any moment, and with the ECB QE on deck the odds of a reversal here should be pretty high.
More to come below.
\Have a good day.
GL and GB!
Well, I wondered weeks ago about this long journey to ECB QE due Thursday. We've watched the market swing back and forth on every hint of action or inaction. The positioning politically, financially and the pressures or challenges placed to influence the decision have been obvious for the most part. So, what will they deliver? Will it be big enough to satisfy the globe? Apparently with QE, size does matter.
We're apparently right back in bad=good mode as markets blossom this morning on the IMF global growth cut this morning.
Things are not good, and Thursday we're gonna find out if the lords of QE still rule the roost. If this fails and disappoints the markets, look out below.
On to the lie -
SPX 60m - The rising wedge - or is it? Has it failed? Has it just set a lower low so they can go higher one last time? Also, is there a falling triangle in there?
SPX Daily - Reversal candles, especially in their case, usually indicate reversals.
SPX Daily- The 13/34 bear cross, falling to the 100ma and lower support on this chart have all been good spots to look for reversals. I wonder what happens when all three happen at the same time? I'll note, not that they are needed, but positive divergences are not set as price needs to get to the lower 70's for that to happen. I'd still prefer to see that area hit first. They don't require anything other than a lie to reverse the market at any moment, and with the ECB QE on deck the odds of a reversal here should be pretty high.
More to come below.
\Have a good day.
GL and GB!
Sunday, January 18, 2015
MLK Day Holiday Post 01/19/2015
Happy MLK day.
In case you did not know
http://newsone.com/2843790/did-you-know-us-govt-found-guilty-in-conspiracy-to-assassinate-dr-martin-luther-king-jr/
No real post today. Say what you will below. Y'all did great with the comments in the owp as usual.
I may be around a bit. Excited to see what the ecb delivers for their QE.
Happy holiday.
GL and GB!
Friday, January 16, 2015
Open Weekend Post 01/17-18/2015
You know the drill, share the love and the knowledge
If you see it, share it. I will as well.
I'll update some charts. Not sure how much I'll find, but I'll look.
Have a good weekend.
GL and GB!
If you see it, share it. I will as well.
I'll update some charts. Not sure how much I'll find, but I'll look.
Have a good weekend.
GL and GB!
Morning Charts 01/16/2015 SPX /es
"Don’t be the last one holding paper when chaos strikes. You may live to regret it."
This quote comes from the ZH post "If It’s Not A Hard Asset, It’s No Asset". I don't know how long you've been reading STB, but I'm positive at some time you have heard me discuss getting out and proper preparation. Let me simply remind you without going to deep into detail - take profits all the way out of the dollar into something that's tangible and have a plan for how and when to get the rest out. When this thing turns - everyone will want out at the same time and the gates have been closed. There, you have been warned, again.
How many times have I also warned to get your cash out of the banks and into your home? Of course the government will quite literally view you as a terrorist for this act, but when capital controls come you don't want to get caught with your pants down. Bank runs will happen. One is happening in Greece right now. Even subtle forms of capital controls are happening - take the fast cash option at your ATM as an example - what used to be a simple push of a button to get $100 was reduced to $60 and recently my bank lowered this to $40. While you can still get your full amount, they are making it harder.
Guns, ammo, water filter, generator, food, gold, silver - when this thing tuns you need the ability to fend for yourself and hold up for a while.
On to the lie -
SNB fires still roaring and our economic data here at home continues to worsen. LS1 is doing a report on Chernobyl, and I could not help but draw parallels to the current financial crisis. Like this financial crisis, Chernobyl had a flawed design to begin with, was built cutting corners, the explosion was caused by ignorance and the aftermath speaks for its self. The consequences that will come from our financial leaders actions today will be far more devastating I believe. Is there a half-life for financial meltdown?
SPX Daily- Double bottom, double diagonal support, lower BB, the 1988 s/r line and the 38% retracement - that's all good, but what do the indicators say? I've been trying to point out for some time that they were not ready and the evidence is clear - only one positive divergence exists (not that they need them for one of their patented V bottoms - which we're witnessing the second V failure in a row now) at this point where a DCB has potential. I've wanted the 1970's (minis got there this morning). If price gets to the 1972 low, then there is potential the divergences will exist and NT oversold conditions will be satisfied.
I have also noted that if the 70 area fails, there is no support to 1910 then 1850. Remember- it falls much faster that it goes up (take your profits all the way out). There is a chance a giant HnS is forming with a neckline at either of those support areas. A last recovery from there to 2010 or so then the final collapse would be my preferred scenario here. The Fed needs to hang on here if they can.
More to come below.
Have a good weekend.
GL and GB!
Thursday, January 15, 2015
Morning Charts 01/15/2015 SPX /es
What happens when there is this super sized margin call and an equal scramble for cash where liquidity does not exist? We're bout to find out. What a headline to start the day with - "It's Carnage" - Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed
STB "event" worthy? Definitely a candidate. Folks, moves like this don't "just happen". This is not your everyday run of the mill financial response to an issue. It is a major reaction to an impending crisis. It is possibly the first country attempting to react to reality before it asserts its self and not after.
Caesars, BAC, employment - those #Fails are just this morning ... shall I continue? Things are finally beginning to unravel, possibly to a point where no matter how much moar QE is promised no one will want to be in any market. Thus, the potential lack of enthusiasm for the ECB January 22 iteration of QE mania. this is the equivalent of what happens when sugar daddy makes it rain and no one cares? When they finally exit - they will all rush the gates at the same time. I't gonna be chaos.
On to the lie-
More to come below.
Have a good day.
GL and GB!
"What happened next was truly shock and awe as algo after algo saw their EURCHF 1.1999 stops hit, and moments thereafter the EURCHF pair crashed to less then 0.75, margining out virtually every single long EURCHF position"
"Crude and other commodities, except gold, are also tumbling, as are most risk assets over concerns what today's epic margin call will mean when the closing bell arrives."
"All Swiss government bill and bond yields out to 7 years are negative"
STB "event" worthy? Definitely a candidate. Folks, moves like this don't "just happen". This is not your everyday run of the mill financial response to an issue. It is a major reaction to an impending crisis. It is possibly the first country attempting to react to reality before it asserts its self and not after.
Caesars, BAC, employment - those #Fails are just this morning ... shall I continue? Things are finally beginning to unravel, possibly to a point where no matter how much moar QE is promised no one will want to be in any market. Thus, the potential lack of enthusiasm for the ECB January 22 iteration of QE mania. this is the equivalent of what happens when sugar daddy makes it rain and no one cares? When they finally exit - they will all rush the gates at the same time. I't gonna be chaos.
On to the lie-
SPX 60m - Break of support and backtest yesterday - I'd prefer a further fall to the 1970's and then backtest, but for now a bust of rising wedge support and backtest has happened. Now, does the fall commence? Anything sub 1970 and the altimeter may start spinning backwards. The daily chart has still not reached a point where it should naturally want to reverse, it should still want to fall.
On the bully side, pos divs and a slight underthrow yesterday say this fall NT is overdue.
Either the Fed moves now to stop a slide in a big way or they let the plunge happen and they throw out a serious safety net around 1900. There is a potential STB point near 1950 on January 21st (convenient?).
More to come below.
Have a good day.
GL and GB!
Wednesday, January 14, 2015
Morning Charts 01/14/2015 SPX /es
OK, STB's been discussing this January 22nd ECB QE issue, and the tidal ebb and flow we'd face cause the time delay allowing excessive speculation/news flow leading up to this next round of hopium. Bottom line, sharks are circling in the chummed waters waiting for the QE baited hook to drop.
Something is a bit different this time. Something is amiss. Remember those old Jackson Hole moments when the Fed would promise QE in the future, say to start in November, and the markets would just take off? What happened to the good old days? Here we have the ECB promising (illegal or unconstitutional) QE weeks in advance and the market now, like a rather egotistical, elite, spoiled child, sits back and has the audacity to judge the gift horse? Really?
What happened to the unconditional ramps to new ATH glory? See A "Conditional Bazooka": European Top Court Finds ECB's OMT "May Be Legal" But Must Meet Conditions
So the next round of QE is hanging in the balance. A court is to decide its fate. What do you think is gonna happen to the markets if this goes south? With the rest of the global QE team (Japan, US, China, et al) sidelined right now, whats gonna happen if this star player is deemed financially ineligible to play?
Funny to think that a court would go against the establishment in such a case with global everything hanging in the balance. Like a court would decide or stand for justice over corruption or for the innocent sheeple over their corprocratic rulers - HA!
Well, here we have another potential CYA moment for the history books. This incident allows the Fed (et al) global financial joystick controllers off the hook if things were to collapse following an unfavorable ruling for moar. Blame the collapse on the court, not on their policy. Brilliant! I you'll listen and notice these CYA moments are occurring and will be used if such a turn comes. Their "outs" are being set up.
So the soap opera "As the QE Turns" plays out. Tune in tomorrow for another market churning episode! It's OK if this is shot down by the court, they still have to the 11th hour or the 22nd to get this worked out. It makes for great drama. Trust me, they will get their QE, cause if they don't, ahouse of cards market without liquidity is a house of cards market without any support at all underneath.
On the corrupt government front - ZH has this and this you need to see.
On to the lie-
Everything is pretty much crashing but the market. I thought you needed to know that. Time to panic? Well, put ur depends on and grab a chair. Tin foil hats optional. Hard hats preferred.
SPX 60m - Looking at the rising ED or wedge that's about to fail (again) this morning. This is not good. Trying, with falling black diagonals, to get a grip on what's forming headed south. None of those options look digestible right now. to tell the truth, when this thing falls there will be no form. I think we're gonna have a couple of new TA chart forms called "waterfall" and "splat" come from this eventually. Failure of rising wedge diagonal support is never good, especially in an overbought, rigged, supportless, POS lie they call a market. the overlords are safe to the 1970 area, below that, pull the rip cord.
More to come below.
Have a good day.
GL and GB!
Something is a bit different this time. Something is amiss. Remember those old Jackson Hole moments when the Fed would promise QE in the future, say to start in November, and the markets would just take off? What happened to the good old days? Here we have the ECB promising (illegal or unconstitutional) QE weeks in advance and the market now, like a rather egotistical, elite, spoiled child, sits back and has the audacity to judge the gift horse? Really?
What happened to the unconditional ramps to new ATH glory? See A "Conditional Bazooka": European Top Court Finds ECB's OMT "May Be Legal" But Must Meet Conditions
So the next round of QE is hanging in the balance. A court is to decide its fate. What do you think is gonna happen to the markets if this goes south? With the rest of the global QE team (Japan, US, China, et al) sidelined right now, whats gonna happen if this star player is deemed financially ineligible to play?
Funny to think that a court would go against the establishment in such a case with global everything hanging in the balance. Like a court would decide or stand for justice over corruption or for the innocent sheeple over their corprocratic rulers - HA!
Well, here we have another potential CYA moment for the history books. This incident allows the Fed (et al) global financial joystick controllers off the hook if things were to collapse following an unfavorable ruling for moar. Blame the collapse on the court, not on their policy. Brilliant! I you'll listen and notice these CYA moments are occurring and will be used if such a turn comes. Their "outs" are being set up.
So the soap opera "As the QE Turns" plays out. Tune in tomorrow for another market churning episode! It's OK if this is shot down by the court, they still have to the 11th hour or the 22nd to get this worked out. It makes for great drama. Trust me, they will get their QE, cause if they don't, a
On the corrupt government front - ZH has this and this you need to see.
On to the lie-
Everything is pretty much crashing but the market. I thought you needed to know that. Time to panic? Well, put ur depends on and grab a chair. Tin foil hats optional. Hard hats preferred.
SPX 60m - Looking at the rising ED or wedge that's about to fail (again) this morning. This is not good. Trying, with falling black diagonals, to get a grip on what's forming headed south. None of those options look digestible right now. to tell the truth, when this thing falls there will be no form. I think we're gonna have a couple of new TA chart forms called "waterfall" and "splat" come from this eventually. Failure of rising wedge diagonal support is never good, especially in an overbought, rigged, supportless, POS lie they call a market. the overlords are safe to the 1970 area, below that, pull the rip cord.
More to come below.
Have a good day.
GL and GB!
Tuesday, January 13, 2015
Morning Charts 01/13/2015 SPX /es
It's been a while since I have given a quarterly earnings primer/rant. It's been a while cause I figured you know the drill and really don't need to hear it for the 23rd time from me. This from ZH highlights my basic rant perfectly -
"Alcoa did what it always does following the now traditional several weeks of guidedowns heading into the earnings release that until recently used to kick off the earnings season for the Dow Jones Industrial Average (at least until Alcoa was unceremoniously kicked out): it beat, and beat significantly, with Wall Street expecting $0.27 in Q4 EPS, Alcoa reported a whopping $0.33, a material beat to expectations."
It's the same quarter after quarter, guide down and down and down into QE where there is never any penalty for doing so in an an always rising market, lower the hurdle where the beat becomes simple or excitingly extravagant in AA's case this quarter. Then add the GAAP crookedness they started allowing after the crash in '09 and you get an earnings season full of (only positive but not real) surprises.
Ya think that's bad, the banks take this strategy and add two or three more twists to the trickeration just to make things even more interesting. (Try this flashback on for size.)
I hate TA and calling the market for the next month. Unpredictable is the best word I can think of, at least till AAPL announces (which can hold up a complete index simply on speculation no matter how bad the numbers are for the rest). How do you handicap something like AA or the thousands of similar stories to come? A beat for the CNBS talking heads to tout to the sheeple, but when the veil is pulled back you get this really nasty look at reality. But when in the last 5 years has reality mattered?
On to the lie-
Monthly SPX - Take a step back and really look at the big picture. This is the edge of the cliff. With my weekly chart having blown through all the TA signals for a top (to which it timed a rather large fall that really should have been it) - this is all there is left.
More to come below.
Have a good day.
GL and GB!
Monday, January 12, 2015
Morning Charts 01/12/2015 SPX /es
Interesting post from ZH - The Fed Is Losing, If Not Already Lost, Control
It's not like STB has been pondering this question with a when not if scenario for years. We often discuss their growing juggling act of ever increasing and intensifying global and domestic issues.
Stimulus Monkeys?
As usual with these events in these days of camera's everywhere and MSM manipulation, it takes a week or so, but some internet junkies get to digging and always come up with questions about the event that never seem to match the "narrative". I suggest you read this eyeopener - Nine Questions About the Paris Attacks.
On to the lie -
This is about the only chart I like right now. It simply backs my remaining bearish stance about price here. Sure, the Fed will do what it wants with price, but technically the market should not be done correcting (if a top is not in). I know, the falls all end in V bottoms and usually have no other reason for a BTFD other than some sort of Fed speak (of which the EU has till Jan 22nd to figure out their next stimulus plan which all must know and follow). I also noted the STB bull/bear line (61% retracement) got crossed briefly last week, but for now the bears still have the ball.
SPX Daily - Bid neg divs leading to another pop to neg div scenario could still have some sort of meaning. These are fairly severe in this overbought situation. They used to be sure fire sell signals. STB got the fall and pop call, and now the Jan post holiday fall. Was that it? Was that the top? Is the Fed and the global QE cabal finally finished? We'll know more with this next EU announcement. Till then all we can do is hold our breath and expect moar of the same. To do otherwise is not a viable alternative quite yet.
Have a good week.
GL and GB !
It's not like STB has been pondering this question with a when not if scenario for years. We often discuss their growing juggling act of ever increasing and intensifying global and domestic issues.
Stimulus Monkeys?
As usual with these events in these days of camera's everywhere and MSM manipulation, it takes a week or so, but some internet junkies get to digging and always come up with questions about the event that never seem to match the "narrative". I suggest you read this eyeopener - Nine Questions About the Paris Attacks.
On to the lie -
This is about the only chart I like right now. It simply backs my remaining bearish stance about price here. Sure, the Fed will do what it wants with price, but technically the market should not be done correcting (if a top is not in). I know, the falls all end in V bottoms and usually have no other reason for a BTFD other than some sort of Fed speak (of which the EU has till Jan 22nd to figure out their next stimulus plan which all must know and follow). I also noted the STB bull/bear line (61% retracement) got crossed briefly last week, but for now the bears still have the ball.
SPX Daily - Bid neg divs leading to another pop to neg div scenario could still have some sort of meaning. These are fairly severe in this overbought situation. They used to be sure fire sell signals. STB got the fall and pop call, and now the Jan post holiday fall. Was that it? Was that the top? Is the Fed and the global QE cabal finally finished? We'll know more with this next EU announcement. Till then all we can do is hold our breath and expect moar of the same. To do otherwise is not a viable alternative quite yet.
Have a good week.
GL and GB !
Friday, January 9, 2015
Open Weekend Post 01/10-11/2015
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
I'll dig around in the chartbook while watching NFL and post anything I find while updating.
Have a good weekend.
GL and GB!
If you see it, share it. I will as well.
I'll dig around in the chartbook while watching NFL and post anything I find while updating.
Have a good weekend.
GL and GB!
Morning Charts 01/09/2015 SPX /es
ECB still unsure on QE format? What's the big deal? They said, and I questioned, that they would not be ready till the 22nd to have this figured out. I wondered how they could pull off such a delay? Part of their game is to announce early (to stop a fall or cause further inebriation) and milk the promise of coming QE for all its worth while the shorts get crucified. Same game different day - I hope you folks have this figured out by now.
You should know - All Over America, Government Officials Are Cracking Down On Preppers
You know by now - The First Question to Ask After Any Terror Attack: Was It a False Flag?
for those that think we're not in a currency war, a cyber war, a real war or a financial/economic war her is another oil post you should check out - 2015: Asymmetric Oil Warfare
On to the lie -
SPX 5m - bout the only thing I have to say is if this area does not hold another ATH should be in the cards. Once the 61% retracement falls, 100% of the time so far a new ATH has resulted. This is by no means a guarantee it will happen, just a keen (2x4 cross the face) observation. Neg div overthrow to another set of neg divs in two days had led to ST overbought pressure.
More to come below.
Have a good weekend.
GL and GB!
You should know - All Over America, Government Officials Are Cracking Down On Preppers
"Once upon a time, America was the land of the free and the home of the brave, but now we are being transformed into a socialist police state where control freak bureaucrats use millions of laws, rules and regulations to crack down on anyone that dares to think for themselves."
You know by now - The First Question to Ask After Any Terror Attack: Was It a False Flag?
for those that think we're not in a currency war, a cyber war, a real war or a financial/economic war her is another oil post you should check out - 2015: Asymmetric Oil Warfare
On to the lie -
SPX 5m - bout the only thing I have to say is if this area does not hold another ATH should be in the cards. Once the 61% retracement falls, 100% of the time so far a new ATH has resulted. This is by no means a guarantee it will happen, just a keen (2x4 cross the face) observation. Neg div overthrow to another set of neg divs in two days had led to ST overbought pressure.
More to come below.
Have a good weekend.
GL and GB!
Thursday, January 8, 2015
Morning Charts 01/08/2015 SPX /es
So, the Fed admits QE (at least abroad) moves markets? Is this just another CYA move before the immanent collapse? There have been a few instances in the past year where they have warned us without warning us if you know what I mean. Of course we're not in a bubble, and there is no inflation. Oh, and we all know what moves markets in the new normal.
The correlation to past crashes is ... worth noting.
ZH has a good read on oil now -
So we have until January 22nd till the next ECB QE announcement? What could they do? The market will never make it that long. They need to come up with something before then.
Try these headlines back to back and tell me what's wrong with this picture - No, no disconnect at all, none at all.
3 In 5 Americans Don't Have Savings To Cover Unexpected Bills
Manhattan apartment prices hit record high
On to the lie -
I got to playing in the chartbook again. Found lots of things out of whack.
Silver Monthly - Might be time?
Silver Weekly - They may have taken it too far when they broke $17. I'll be looking at this one carefully from now on.
Brent WTIC - Joined at the hip again, hit rising wedge (bear) target just under LT support. That potential $35 support is still a ways away though if that's where it ends. I suggest you see that oil post above before forming any ideas here. It will turn again prolly similar to the way it did on '09, but is it time? I'm not sure. That crash happened during the last market collapse - this market has not collapsed yet. Either way - price is now back in line with a more normal historical rising trend.
USB LT - I love this chart. We have a LT trend broken on this chart. A predictable channel up over decades with a pattern -peak, drop to the 50ma, then set a lower peak, drift up and repeat - until now. What's different this time that caused USB to ignore the pattern they have had for decades and explode higher? Oh, and historically what has happened at this resistance diagonal?
My CPC chart is worthless - proving this market is a total farce.
Copper - The STB HnS playing out as noted years ago. Oh, the economy is just fine - copper always falls like this when things are roaring along.
SPX 5m - No clue - set to fall after busting rising wedge support or do they ramp it from here? Potential IHnS here with neckline at 2030 forming RS here is another possibility.
More to come below.
Have a good day.
GL and GB!
The correlation to past crashes is ... worth noting.
ZH has a good read on oil now -
So we have until January 22nd till the next ECB QE announcement? What could they do? The market will never make it that long. They need to come up with something before then.
Try these headlines back to back and tell me what's wrong with this picture - No, no disconnect at all, none at all.
3 In 5 Americans Don't Have Savings To Cover Unexpected Bills
Manhattan apartment prices hit record high
On to the lie -
I got to playing in the chartbook again. Found lots of things out of whack.
Silver Monthly - Might be time?
Silver Weekly - They may have taken it too far when they broke $17. I'll be looking at this one carefully from now on.
Brent WTIC - Joined at the hip again, hit rising wedge (bear) target just under LT support. That potential $35 support is still a ways away though if that's where it ends. I suggest you see that oil post above before forming any ideas here. It will turn again prolly similar to the way it did on '09, but is it time? I'm not sure. That crash happened during the last market collapse - this market has not collapsed yet. Either way - price is now back in line with a more normal historical rising trend.
USB LT - I love this chart. We have a LT trend broken on this chart. A predictable channel up over decades with a pattern -peak, drop to the 50ma, then set a lower peak, drift up and repeat - until now. What's different this time that caused USB to ignore the pattern they have had for decades and explode higher? Oh, and historically what has happened at this resistance diagonal?
My CPC chart is worthless - proving this market is a total farce.
Copper - The STB HnS playing out as noted years ago. Oh, the economy is just fine - copper always falls like this when things are roaring along.
SPX 5m - No clue - set to fall after busting rising wedge support or do they ramp it from here? Potential IHnS here with neckline at 2030 forming RS here is another possibility.
More to come below.
Have a good day.
GL and GB!
Wednesday, January 7, 2015
Morning Charts 01/07/2015 SPX /es
I'll keep it simple and post this chart from the ZH post - Spot The Ridiculous Outlier - as I said recently (and often) a picture can really put things in perspective. SPX is trying its hardest to catch up with the rest of them, but something or someone is not letting it. How long till natural forces take over? Not sure, but they seem to be trying pretty hard to assert their will.
On to the lie -
Focus on the rising wedge that STB called back in October. That's a lot of volatility, and we all know what that should lead to.
SPX 60m - the bust of lower support is a bit curious, but then again it is not. It isn't because the A-E move completed the requirements for the wedge, and the double negative divergence on TWO supportless holiday driven QE lied about ramps were doomed to fail anyway. It is, because Fed speak has not come to the rescue quite yet. I've walked it down nicely since discussing this for some time now. 2030-40 was initial target after warning at 52 not to BTFD. Then 00 was my lowest target for this fall, so yesterday exceeded my initial expectations (as the last fall did as well).
SPX Daily- There could possibly still be a little more to go with this fall if you look at the last bottom in correlation to SS and ROC on this chart (top two indicators). Double diagonal support in a double support zone is a likely spot for them to make a stand. If this were to crack - see the dramatic fall last time this support failed to the left.
SPX Daily - The last rising wedge to end it all? There are not any holiday ramps to come anytime soon to save their ass this time. they may have finally pushed price too far this time. 1960-50 range would be the next stop if this fall were to continue.
More to come below.
Have a good day.
GL and GB!
On to the lie -
Focus on the rising wedge that STB called back in October. That's a lot of volatility, and we all know what that should lead to.
SPX 60m - the bust of lower support is a bit curious, but then again it is not. It isn't because the A-E move completed the requirements for the wedge, and the double negative divergence on TWO supportless holiday driven QE lied about ramps were doomed to fail anyway. It is, because Fed speak has not come to the rescue quite yet. I've walked it down nicely since discussing this for some time now. 2030-40 was initial target after warning at 52 not to BTFD. Then 00 was my lowest target for this fall, so yesterday exceeded my initial expectations (as the last fall did as well).
SPX Daily- There could possibly still be a little more to go with this fall if you look at the last bottom in correlation to SS and ROC on this chart (top two indicators). Double diagonal support in a double support zone is a likely spot for them to make a stand. If this were to crack - see the dramatic fall last time this support failed to the left.
SPX Daily - The last rising wedge to end it all? There are not any holiday ramps to come anytime soon to save their ass this time. they may have finally pushed price too far this time. 1960-50 range would be the next stop if this fall were to continue.
More to come below.
Have a good day.
GL and GB!
Tuesday, January 6, 2015
Morning Charts 01/06/2015 SPX /es
Still not ready for the BOY post, but I dug into an old closet for you on the charts below. You need to know that charting the past two years became more of a chore than anything given the situation. There used to be a time when I'd update every chart in the chartbook almost daily. It was real back then. It is not so real now. I do feel that technically the story is becoming a bit more enticing to tell. IMHO, I believe the real technical top happened back in August. I think there is a good possibility that we're in a blow off bull trap phase here.
Now, the Fed's road has narrowed and their bullets are almost all shot. Their game has expanded globally (it had to). One problem remains for the bears, and this will be their salvation as well, "they" retain total control of the matrix. Either a planned (and well prepared for) end of the farce or the STB "event" comes to end it all. It's guaranteed to get really messy either way. We're nearing the end one way or another.
On to the lie -
SPX and VIX LT Comp Chart - This is an STB oldie but goodie chart. It's had little relevance except in certain situations over the past few years. It's daily so a bit hard to read, but it tells a simple story. I've held this one in the closet till now, cause the VIX (absolutely broken and worthless for years) is finally starting to tell something that needs to be noticed. Is the VIX about to make a comeback and become relative again?
Explaining the price action in VIX is simple. It broke years ago and became irrelevant until recently. The positive divergence to price the last few months and the breaking of LT resistance is something I've waited for years now.
On the other hand price in the SPX needs a bit more explaining, and this chart does it well. It's rather simple, see the LT dashed channel, see the overthrow of this LT resistance in 2014. This is the first real technical abuse "they" caused. It follows the beginning of the period of "unprecedented manipulation" STB called/talked about at the end of 2012.
The next thing to notice is the STB Diagonal of Death (red support starting at Nov '12 low). I used this diagonal for years to sound brilliant calling bottoms even in advance of tops. "They" made it easy for me. Now support is the busted LT channel resistance and the STB diagonal of death has been abused twice now (which I did not think could be survived a year ago). It is not good when reliable LT support begins to fail, and busted LT resistance is major support in an overthrow overbought situation.
TNX and USD Daily - Another chart that resides in the closet. In case you needed a picture to put things in perspective. Magically the moves in both of these major players does not affect the SPX one bit?
More to come below.
Have a good day.
GL and GB!
Now, the Fed's road has narrowed and their bullets are almost all shot. Their game has expanded globally (it had to). One problem remains for the bears, and this will be their salvation as well, "they" retain total control of the matrix. Either a planned (and well prepared for) end of the farce or the STB "event" comes to end it all. It's guaranteed to get really messy either way. We're nearing the end one way or another.
On to the lie -
SPX and VIX LT Comp Chart - This is an STB oldie but goodie chart. It's had little relevance except in certain situations over the past few years. It's daily so a bit hard to read, but it tells a simple story. I've held this one in the closet till now, cause the VIX (absolutely broken and worthless for years) is finally starting to tell something that needs to be noticed. Is the VIX about to make a comeback and become relative again?
Explaining the price action in VIX is simple. It broke years ago and became irrelevant until recently. The positive divergence to price the last few months and the breaking of LT resistance is something I've waited for years now.
On the other hand price in the SPX needs a bit more explaining, and this chart does it well. It's rather simple, see the LT dashed channel, see the overthrow of this LT resistance in 2014. This is the first real technical abuse "they" caused. It follows the beginning of the period of "unprecedented manipulation" STB called/talked about at the end of 2012.
The next thing to notice is the STB Diagonal of Death (red support starting at Nov '12 low). I used this diagonal for years to sound brilliant calling bottoms even in advance of tops. "They" made it easy for me. Now support is the busted LT channel resistance and the STB diagonal of death has been abused twice now (which I did not think could be survived a year ago). It is not good when reliable LT support begins to fail, and busted LT resistance is major support in an overthrow overbought situation.
TNX and USD Daily - Another chart that resides in the closet. In case you needed a picture to put things in perspective. Magically the moves in both of these major players does not affect the SPX one bit?
More to come below.
Have a good day.
GL and GB!
Monday, January 5, 2015
Morning Charts 01/05/2015 SPX /es
Still don't have my thoughts together on 2015 yet. Pretty sure that the 2015 post will be the year the SHTF furthering/confirming many BOY posts I have done in the past. I think this is the year we the sheeple finally will have had enough.
Funny looking at the news over the past week, it's painfully obvious that nothing has changed and things are only getting worse. The lies are getting deeper. The various precarious situations are worsening. The truth continues to be buried.
The biggest question we have early this year is will the new congress be the one that enacts the change we voted for or another group of rubber stamping politicians that serves the establishment? The other big issues will surround the expansion of the nanny state, police state, surveillance and cyber security. The EO's of our fascist leader will expand as he continues his destruction of America. As for finance and the economy, LOL, this will only be an extension of the past five years where data manipulation will continue to rule the day and bury the truth even further. Capital controls will further. MSM manipulation will finally become an issue this year. Global issues, war, terrorism, false flags, subprime and the lot will continue to worsen. The worst, the continued persecution or degradation of Christianity. It's not gonna be a pretty year.
On to the lie -
SPX Daily - Note the pink dashed line for TNX, it's level and the correlation to the last two bottoms. Not saying anything other than the last two lows occurred when TNX hit this level. It seems to be a point they don't want to go below for obvious reasons on the bond side. Can they continue to support both the stock market and the bond market that appears to want to assert its self? Is something about to break?
The STB called drop and pop to create the rising wedge formation (red) played out, and now the potential final bull trap to set a double (if not triple) negative divergence is in place. I'd actually prefer that upper red resistance be overthrown before calling a top. Not sure if I'll get that, but the wedge is in place.
SPX 13/34 Daily - I hate the 13/34 charts but have come to like this one - first the 13/34 bear cross has proven to be a great buy op. Second, when the 34 is crossed to the south it is usually not a good thing.
SPX Weekly - Scared? If you are not, you should be.
More to come below.
Have a good week.
GL andGB!
Funny looking at the news over the past week, it's painfully obvious that nothing has changed and things are only getting worse. The lies are getting deeper. The various precarious situations are worsening. The truth continues to be buried.
The biggest question we have early this year is will the new congress be the one that enacts the change we voted for or another group of rubber stamping politicians that serves the establishment? The other big issues will surround the expansion of the nanny state, police state, surveillance and cyber security. The EO's of our fascist leader will expand as he continues his destruction of America. As for finance and the economy, LOL, this will only be an extension of the past five years where data manipulation will continue to rule the day and bury the truth even further. Capital controls will further. MSM manipulation will finally become an issue this year. Global issues, war, terrorism, false flags, subprime and the lot will continue to worsen. The worst, the continued persecution or degradation of Christianity. It's not gonna be a pretty year.
On to the lie -
SPX Daily - Note the pink dashed line for TNX, it's level and the correlation to the last two bottoms. Not saying anything other than the last two lows occurred when TNX hit this level. It seems to be a point they don't want to go below for obvious reasons on the bond side. Can they continue to support both the stock market and the bond market that appears to want to assert its self? Is something about to break?
The STB called drop and pop to create the rising wedge formation (red) played out, and now the potential final bull trap to set a double (if not triple) negative divergence is in place. I'd actually prefer that upper red resistance be overthrown before calling a top. Not sure if I'll get that, but the wedge is in place.
SPX 13/34 Daily - I hate the 13/34 charts but have come to like this one - first the 13/34 bear cross has proven to be a great buy op. Second, when the 34 is crossed to the south it is usually not a good thing.
SPX Weekly - Scared? If you are not, you should be.
More to come below.
Have a good week.
GL andGB!
Friday, January 2, 2015
Open Weekend Post 01/03-04/2015
You know the drill, share the love and the knowledge.
Plenty of hype out there being spread right now. My suggestion, what drug dealers push is not always good. Sure, in the mean time things may be far out, but in the end what you bought was a lie.
If you see it share it. I will as well. I'll update some charts and hopefully have my thoughts together enough to get a BOY post up.
Have a great weekend.
GL and GB!
Plenty of hype out there being spread right now. My suggestion, what drug dealers push is not always good. Sure, in the mean time things may be far out, but in the end what you bought was a lie.
If you see it share it. I will as well. I'll update some charts and hopefully have my thoughts together enough to get a BOY post up.
Have a great weekend.
GL and GB!
Morning Charts 1/2/2015 SPX /es
Not much to say other than the action today could tell us a lot about next week and where you may want to be leaning. The fall Wednesday may have been an early indicator. Remember ther is little if any support under price to the last low and possibly less under that point.
I'll hopefully have a more formal BOY post up Monday.
Have a good weekend.
GL and GB!
I'll hopefully have a more formal BOY post up Monday.
Have a good weekend.
GL and GB!
Thursday, January 1, 2015
Happy New Year STB!
HNY STB!
Thanks for an awesome year!
GL and GB to each of you. May 2015 be your best year ever.
Thanks for an awesome year!
GL and GB to each of you. May 2015 be your best year ever.
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