You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
I swung my short from the top Wednesday. Hating holding it over the weekend, but well up makes it somewhat more tolerable.
Friday, February 27, 2015
Open Weekend Post 02/28-01/2015
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
I swung my short from the top Wednesday. Hating holding it over the weekend, but well up makes it somewhat more tolerable.
Morning Charts 02/27/2015 SPX /es
Like, DUH! Q4 GDP Revised Down To 2.2% From 5.0% The only question now is how BULLISH! will this completely dreadful news be. If bad = good then what does horrific = ? How long they can get away with playing these lies and falsifying numbers is anyone's guess. I personally think the 2% number is full of it.
On to the lie -
Will I swing my short thru the weekend? Stay tuned in the comments below!
SPX Daily - Just patiently watching this red rising wedge play out.
SPX Weekly - Upper end of the range? Seeing this really puts the upper limit and the daily resistance into perspective.
Freedom Watch -
Early into the addition of this portion of the blog, I've discovered it's much easier to find more relevant and real information to post here than above.
I linked this yesterday in the comments section - Obama to ban bullets by executive action, threatens top-selling AR-15 rifle
- bottom line is with net neutrality now a reality all that's left for them to take is the guns, and since they can't get the guns they will just take the ammo.
Two more years (or more apparently if he wants them) - Obama Dares GOP: Go Ahead, ‘Have a Vote on Whether What I’m Doing Is Legal…I Will Veto’. It's so sad where we are as a country now.
More to come below.
Have a good weekend.
GL and GB!
On to the lie -
Will I swing my short thru the weekend? Stay tuned in the comments below!
SPX Daily - Just patiently watching this red rising wedge play out.
SPX Weekly - Upper end of the range? Seeing this really puts the upper limit and the daily resistance into perspective.
Freedom Watch -
Early into the addition of this portion of the blog, I've discovered it's much easier to find more relevant and real information to post here than above.
I linked this yesterday in the comments section - Obama to ban bullets by executive action, threatens top-selling AR-15 rifle
- bottom line is with net neutrality now a reality all that's left for them to take is the guns, and since they can't get the guns they will just take the ammo.
Two more years (or more apparently if he wants them) - Obama Dares GOP: Go Ahead, ‘Have a Vote on Whether What I’m Doing Is Legal…I Will Veto’. It's so sad where we are as a country now.
More to come below.
Have a good weekend.
GL and GB!
Thursday, February 26, 2015
Morning Charts 02/26/2015 SPX /es
Straight to the lie -
I shorted yesterday at the top. I did this for the usual reason, it was so technically out of whack that I had to. This is the third time I've publicly shorted in the past couple of years, thus I don't just do it to be doing it. One worked out really well and the other lasted about a week. Both were virtually killed by Fed speak. I've been discussing a top call as well, which I don't take lightly either. I may be early, and I will exit if necessary. I've said I would not mind if they run this over 2130. That's quite possible. This would only improve my setup.
Bottom line is I have been warning since calling the August top that everything has been continually deteriorating economically. The market is ignoring/covering up this treating bad news as good news. This can not last. Everyone is nervous, and a nervous market is a twitchy (volatile market).
Volatility indicates tops. I believe the Grexit deal has given them a 4 month reprieve to get their exit plans finalized. We could be in the final market window.
At least since last summer I've been warning to take your profits and run, run all the way to cash in pocket and purchasing physical with this cash. I'll reiterate my belief in that scenario at this time. this is akin to beating them at their own game. Take their false fiat profits out of their dollar and turn something fake into something real further damaging their control system.
SPX Daily - Everything is ready but the BB width. They could not narrow it enough for real action. The fact that we're getting this pump outside of a narrow BB scenario is a bit off color.
Freedom watch -
Well, I've been warning you for years about this. It's all part of the UN Sustainable Development plan and total takeover of everything. I'm not kidding when I say that Disqus may be a pure NSA front, STB has a handler, that everyone that visits here could be put on a terrorist list or that STB could be "off air" moments after this bill is passed. Just another bill that you can't see what's in it till it is passed. How that work out for us last time? Republicans Fear Net Neutrality Plan Could Lead to UN Internet Powers
Remember I've warned about your pension plans and 401k plans being confiscated - is this rhetoric from the VP something that you really want to hear? Black History Biden: Veep calls for 'emancipation' of people's wealth
Please see - Gun Owners Agree: Don't Trust The ATF's Ammo Regulation. This is the final step in the takeover plans to be implemented. Based on where they are here, the grand takeover may still be a few years away.
More to come below.
Have a good day.
GL and GB!
Wednesday, February 25, 2015
Morning Charts 02/25/2015 SPX /es
I've said it for years in my own direct and quirky ways, the markets are not real, they are the veil hiding reality, they are the Matrix. Once again, if you don't believe me, read this The Market Is A Red Herring... Distracting Us From The Reality Of The Economy
See Stocks In Holding Pattern Following Blow-Off Top, Oblivious Of Fed's Warning Of "Stretched" Valuations
Ringling Bros would be proud of this high wire act. Looking at this, you need not wonder why I'm considering a top call.
SPX 30m -
SPX 60m - Just nasty. The STB rising red wedge plays out one of two scenarios - it either busted and this is an drawn out backtest or this the final leg up to end the wedge. No matter how you look at it on any timeline it's a complete and utter joke at this point.
I may add a new section called Freedom Watch to the bottom of the morning posts. It would include posts such as the below one to remind you every day our freedoms are being eroded and the Constitution is not what it used to be.
A Secret "Black Site" Revealed In Chicago: "When You Go In, You Just Disappear"
More to come below.
Have a good day.
GL and GB!
"So it appears that this unnatural and deviant dislocation between economic health or expected future cash flows and market valuations can continue for some time to come. Just par for the course in a world that has lenders paying borrowers. Fucking central banks are modern day fallen angels with the power to reverse gravity. Who even 10 years ago would have ever imagined the perversion of finance the world now considers normal."On to the lie -
See Stocks In Holding Pattern Following Blow-Off Top, Oblivious Of Fed's Warning Of "Stretched" Valuations
Ringling Bros would be proud of this high wire act. Looking at this, you need not wonder why I'm considering a top call.
SPX 30m -
SPX 60m - Just nasty. The STB rising red wedge plays out one of two scenarios - it either busted and this is an drawn out backtest or this the final leg up to end the wedge. No matter how you look at it on any timeline it's a complete and utter joke at this point.
I may add a new section called Freedom Watch to the bottom of the morning posts. It would include posts such as the below one to remind you every day our freedoms are being eroded and the Constitution is not what it used to be.
A Secret "Black Site" Revealed In Chicago: "When You Go In, You Just Disappear"
More to come below.
Have a good day.
GL and GB!
Tuesday, February 24, 2015
Morning Charts 02/24/2015 SPX /es
"On to the lie -", some may wonder why I have begun the market/chart portion of my blog posts with that specific header for years now. Some do know, some totally get it. For those that do not, for those that hear us discussing the PPT on almost a daily basis now, for those (like LIEsman) that simply will never cross that line between what's real and what is not you need to read,
Not enough proof? Then try,
Total control, been saying it for years now. "'They' can't let it fall" - lord knows how many times we've discussed that. Prescribed support, no resistance, QE off/on, Fed speak, massive short slaughtering; pick a market, any market, they are all rigged at this point. This leads full circle to the STB call for an external "event" that will rip control of the markets from "them". Thus I wait to time the top, and we're getting close.
On to the lie -
Yellen tonight and tomorrow, just as yesterday, I suspect consolidation till she speaks. Now, there should be some insider (leaked) trading/positioning today, so look for clues there. If she disappoints, downside could be significant. Remember bad=good. See, Why The Last Thing US Equity Markets Want Is Good Data
SPX Daily - Yes, I'm still thinking about calling a top. Just having some issues finalizing my thoughts. Right now price is attempting another overthrow situation where negative divergences may about to be abused again. I'd really like to see a pop above those red and green resistance diagonals to set a really nice reversal point. This is not a call, just something I'd like to see.
More to come below.
Have a good day.
GL and GB!
Ex-Plunge Protection Team Whistleblower: "Governments Control Markets; There Is No Price Discovery Anymore"
"there's no price discovery anymore by the market... governments impose prices on the market."
Not enough proof? Then try,
Ten Banks, Including JPM, Goldman, Deutsche, Barclays, SocGen And UBS, Probed For Gold Rigging
Conspiracy fact is a really tough pill to swallow. This implies that you've been steadfastly on the wrong side of the truth, in bed with the idiots and propagandists, ignorant to reality and willingly participating in the dissemination of lies. If you are in this camp, then you need to read Are Conspiracy Theorists Nuts?"The regulator said it found “serious misconduct” among precious-metals traders at UBS, including “front running,” or trading ahead of, the silver-fix orders of one client."
Total control, been saying it for years now. "'They' can't let it fall" - lord knows how many times we've discussed that. Prescribed support, no resistance, QE off/on, Fed speak, massive short slaughtering; pick a market, any market, they are all rigged at this point. This leads full circle to the STB call for an external "event" that will rip control of the markets from "them". Thus I wait to time the top, and we're getting close.
On to the lie -
Yellen tonight and tomorrow, just as yesterday, I suspect consolidation till she speaks. Now, there should be some insider (leaked) trading/positioning today, so look for clues there. If she disappoints, downside could be significant. Remember bad=good. See, Why The Last Thing US Equity Markets Want Is Good Data
SPX Daily - Yes, I'm still thinking about calling a top. Just having some issues finalizing my thoughts. Right now price is attempting another overthrow situation where negative divergences may about to be abused again. I'd really like to see a pop above those red and green resistance diagonals to set a really nice reversal point. This is not a call, just something I'd like to see.
More to come below.
Have a good day.
GL and GB!
Monday, February 23, 2015
Morning Charts 02/23/2015 SPX /es
Flippin blogger ate about 45 minutes of an epic STP post this morning. This has never happened before. I'm ticked.
Confirmation of the STB "event" call from 5 or 6 years ago from Greenspan himself? I'll file this one in the Damn I'm Good file. STB has for years now told you nothing would happen till the external (which RC corrected me to be exogenous - damn Stanford professors always right - sucks) event occurs to rip control of the market from "them".
What's kept me from calling a top all these years? Simple, my belief in their total control of everything. The lie that this market is to hide the truth. The MATRIX does exist. What has kept me from calling the top is that I've waited on my "event", and I believe it is coming soon. Friday I mentioned calling a top in the post, more on that as I post this week. I have to wait to see what Yellen says first.
Yellen testimony tomorrow and Wednesday are key events.
On to the lie -
With Yellen on tap I doubt much will happen over the next day or so. Markets should be in stall mode waiting for her direction.
SPX Daily - With the Weekly, Monthly and BP charts from Friday - this thing is more than ready for a very serious tumble. Possibly one that it can not recover from without FED direct intervention. It's quite possible that the final illusive rising wedge (red) that I've been speaking of since October may finally be playing out.
More to come below.
Have a good week.
GL and GB!
Alan Greenspan Warns: There Will Be a “Significant Market Event... Something Big Is Going To Happen”
"it will most likely end in a fairly violent fashion."
Confirmation of the STB "event" call from 5 or 6 years ago from Greenspan himself? I'll file this one in the Damn I'm Good file. STB has for years now told you nothing would happen till the external (which RC corrected me to be exogenous - damn Stanford professors always right - sucks) event occurs to rip control of the market from "them".
What's kept me from calling a top all these years? Simple, my belief in their total control of everything. The lie that this market is to hide the truth. The MATRIX does exist. What has kept me from calling the top is that I've waited on my "event", and I believe it is coming soon. Friday I mentioned calling a top in the post, more on that as I post this week. I have to wait to see what Yellen says first.
Yellen testimony tomorrow and Wednesday are key events.
On to the lie -
With Yellen on tap I doubt much will happen over the next day or so. Markets should be in stall mode waiting for her direction.
SPX Daily - With the Weekly, Monthly and BP charts from Friday - this thing is more than ready for a very serious tumble. Possibly one that it can not recover from without FED direct intervention. It's quite possible that the final illusive rising wedge (red) that I've been speaking of since October may finally be playing out.
More to come below.
Have a good week.
GL and GB!
Friday, February 20, 2015
Open Weekend Post 02/21-22/2015
You know the drill, share the love and the knowledge.
If you see it, share it.
What an ending to the week. Nothing like having the Grexit problems all behind us for good now. Glad that's over. All is well.
Have a good weekend.
GL and GB!
If you see it, share it.
What an ending to the week. Nothing like having the Grexit problems all behind us for good now. Glad that's over. All is well.
Have a good weekend.
GL and GB!
Morning Charts 02/20/2015 SPX /es
It's senseless to discuss anything till Greece is resolved. If Greece stays, then it's SSDD till we have this discussion again next year. If Greece leaves then a laundry list of very serious issues opens up. This is pretty much the ultimate damned if you do, damned if you don't scenario. Either way the end result will be disastrous.
On to the lie -
SPX Weekly - Here the truth lies. No indicator support, none at all, on the weekly chart for this new ATH.
SPX Monthly - Indicators falling off a cliff.
I'm very tempted to call a top right now.
More to come below.
Have a great weekend.
GL and GB!
On to the lie -
SPX Weekly - Here the truth lies. No indicator support, none at all, on the weekly chart for this new ATH.
SPX Monthly - Indicators falling off a cliff.
I'm very tempted to call a top right now.
More to come below.
Have a great weekend.
GL and GB!
Thursday, February 19, 2015
Morning Charts 02/19/2015 SPX /es
I've been harping on how bad conditions are for years, how they've become worse and since August how they are becoming almost unmanageable. I'm not sure how long the Bad=Good scenario can be played out, but they sure are milking it for all it is worth. See this while markets sit perched just under freshly printed ATH's -
That's just domestic unraveling. The data points across the globe are terrible and trending in a direction that does not promote optimism. Oil? Copper? This brings us to the Grexit discussion. I'm not going into this in depth, you can read all about it all over the place. I personally see little reason to analyze it to extremes. Why? Simple, we've covered it for years, Greece has been a financial conduit for the global central banks for years.
Greece is like a global money laundering hub financing the central banks around the globe off the books. Why else would they loan Greece more money than they can afford to pay back in 4 lifetimes? Why would they continue to pile more debt on top of an already unsustainable situation? To save the EU is the preferred line of crap they spew. Wrong! They needed a covert funding mechanism. Now they've bloated their golden calf to a point it's about to explode.
This Grexit problem is more than the Greece's debt issue. It's about global central bank funding and bloated global debt that can't be hidden in the shadows any longer. Greece can not be discarded and they won't be. If Greece is not rescued and allowed to leave the EU, then Spain and all the other financially oppressed countries will immediately follow suit. We've been here before and will most likely be here again next year. They will threaten disaster and then cave to save the EU as they always have and will.
The EU can not fail. Think global governance, NWO, Illuminati and their plans for a one world government. The EU is a core ingredient in the unification of the globe, and this union can not be undone.
They will keep Greece to prevent the union from splintering. They have to keep everyone in line with the coming global disruption. We're already in active cyber and currency wars, and a bloodier conflict is coming. This is not a time when they need to be shunning allies and having them align with the dark side, nor can they be eliminating a major funding mechanism.
On to the lie -
I'm actually looking into swinging a short again. I've tried this twice in the past year or so, one was really well timed and the other got screwed by BOJ intervention. I will wait for the Greece drama to end and then make my decision.
SPX Daily - Primed and ready with everything technical and economically in order for a major correction or worse, if only the central banks cooperate.
SPX 5m - Busted support and bactesting with long neg divs after a double overthrow. She's way overbought here. Course, when did that matter?
SPX BP - Just continues to worsen.
More to come below.
Have a good day.
GL and GB!
"February alone has seen 29 data items miss expectations (from retail sales to industrial production) with only 4 data points beating expectations (including the constantly revised nonfarm payrolls data which so many hang their hat on)."
That's just domestic unraveling. The data points across the globe are terrible and trending in a direction that does not promote optimism. Oil? Copper? This brings us to the Grexit discussion. I'm not going into this in depth, you can read all about it all over the place. I personally see little reason to analyze it to extremes. Why? Simple, we've covered it for years, Greece has been a financial conduit for the global central banks for years.
Greece is like a global money laundering hub financing the central banks around the globe off the books. Why else would they loan Greece more money than they can afford to pay back in 4 lifetimes? Why would they continue to pile more debt on top of an already unsustainable situation? To save the EU is the preferred line of crap they spew. Wrong! They needed a covert funding mechanism. Now they've bloated their golden calf to a point it's about to explode.
This Grexit problem is more than the Greece's debt issue. It's about global central bank funding and bloated global debt that can't be hidden in the shadows any longer. Greece can not be discarded and they won't be. If Greece is not rescued and allowed to leave the EU, then Spain and all the other financially oppressed countries will immediately follow suit. We've been here before and will most likely be here again next year. They will threaten disaster and then cave to save the EU as they always have and will.
The EU can not fail. Think global governance, NWO, Illuminati and their plans for a one world government. The EU is a core ingredient in the unification of the globe, and this union can not be undone.
They will keep Greece to prevent the union from splintering. They have to keep everyone in line with the coming global disruption. We're already in active cyber and currency wars, and a bloodier conflict is coming. This is not a time when they need to be shunning allies and having them align with the dark side, nor can they be eliminating a major funding mechanism.
On to the lie -
I'm actually looking into swinging a short again. I've tried this twice in the past year or so, one was really well timed and the other got screwed by BOJ intervention. I will wait for the Greece drama to end and then make my decision.
SPX Daily - Primed and ready with everything technical and economically in order for a major correction or worse, if only the central banks cooperate.
SPX 5m - Busted support and bactesting with long neg divs after a double overthrow. She's way overbought here. Course, when did that matter?
SPX BP - Just continues to worsen.
More to come below.
Have a good day.
GL and GB!
Wednesday, February 18, 2015
Morning Charts 02/18/2015 SPX /es
Sorry, forgot about late start Wednesday for the kids, so I'm running behind.
On to the lie -
SPX Daily - Neg divs are more than evident. One of these days they will not be ignored. When the econ/political disaster catches up to an overbought and already nervous market with weak technicals it's gonna be nasty.
More to come below.
Have a good day.
GL and GB!
Tuesday, February 17, 2015
Morning Charts 02/17/2015 SPX /es
Flat tire this morning. Just getting in to the office. I'll get some charts and thoughts up in the comments section.
More to come below.
Have a good day.
GL and GB!
More to come below.
Have a good day.
GL and GB!
Monday, February 16, 2015
Morning Charts 02/16/2015 SPX /es
Presidents Day. Something tells me that because of this president this holiday may be short lived. Since every president before the 1900's is now considered a terrorist, that fascism is the new presidential fashion, since this potus is a megalomaniac, today may be renamed ( by EO of course) after his majesty. After all in his mind he's a savior, a god, a deity above all former rulers.
At the rate history is being rewritten, education is under the governments thumb, the Internet is being taken over by government, the nanny state controls and sees all, before too long O will have himself installed as the only supreme ruler of a new nation. America will have become a tragic experiment in capitalism that will be expelled from our memory banks.
Times they are a changing. We can either lay down (as we have) or we can do something about it. We better move soon. Places like STB are short lived cause of coming Internet regulations and control. We're losing our individual rights at an alarming pace cause of this potus. All hail the new king.
More to come below.
Enjoy the holiday.
GL and GB!
At the rate history is being rewritten, education is under the governments thumb, the Internet is being taken over by government, the nanny state controls and sees all, before too long O will have himself installed as the only supreme ruler of a new nation. America will have become a tragic experiment in capitalism that will be expelled from our memory banks.
Times they are a changing. We can either lay down (as we have) or we can do something about it. We better move soon. Places like STB are short lived cause of coming Internet regulations and control. We're losing our individual rights at an alarming pace cause of this potus. All hail the new king.
More to come below.
Enjoy the holiday.
GL and GB!
Friday, February 13, 2015
Open Weekend Post 02/14-15/2915
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
I hope everyone has a great holiday and valentines weekend
GL and GB!
If you see it, share it. I will as well.
I hope everyone has a great holiday and valentines weekend
GL and GB!
Morning Charts 02/13/2015 SPX /es
Bout all I have to say this morning is .... whatever ... Bad is not good, it the bestest damn thing ever! Does anyone see a hole I can go stick my head in?
I got nothing to say this morning. I'm actually speechless. The ignorance, greed, entitlement and complacency is beyond measurable levels. This can only end in one fashion. Just get ready. It's coming, and with every additional day this "recovery" extends the worse it gets on the back end.
On to the lie -
SPX Daily - And here are the neg divs I told you would come with the double top. Querstion - How many more EWT tops got blown up AGAIN? How many counts are you that follow such crap going to give that BS system before you realize it for junk it is?
More to come below.
Have a good weekend, and happy Valentines Day!
GL and GB!
I got nothing to say this morning. I'm actually speechless. The ignorance, greed, entitlement and complacency is beyond measurable levels. This can only end in one fashion. Just get ready. It's coming, and with every additional day this "recovery" extends the worse it gets on the back end.
On to the lie -
SPX Daily - And here are the neg divs I told you would come with the double top. Querstion - How many more EWT tops got blown up AGAIN? How many counts are you that follow such crap going to give that BS system before you realize it for junk it is?
More to come below.
Have a good weekend, and happy Valentines Day!
GL and GB!
Thursday, February 12, 2015
Morning Charts 02/12/2015 SPX /es
It's winter break, what can I say? Grabbin some xtra Z's in the AM is good.
On to the lie -
Consolidation was the call, but now it appears they want to make a push. It should be difficult, but with news and what QE there is on their side, a resistant market may just have to cooperate somewhat.
SPX Daily - Up, but not an easy up. I remain in a bearish mode while they leak it up. Bulltards need not get too excited IMO.
More to come below.
Have a good day.
GL and GB!
On to the lie -
Consolidation was the call, but now it appears they want to make a push. It should be difficult, but with news and what QE there is on their side, a resistant market may just have to cooperate somewhat.
SPX Daily - Up, but not an easy up. I remain in a bearish mode while they leak it up. Bulltards need not get too excited IMO.
More to come below.
Have a good day.
GL and GB!
Wednesday, February 11, 2015
Morning Charts 02/11/2015 SPX /es
Not sure what you'll get from me this AM. LS's on winter break and I'm sleeping in.
On to the lie -
Still thinking consolidation. See yesterday's chart for now.
More to come below.
Have a good day!
GL and GB!
On to the lie -
Still thinking consolidation. See yesterday's chart for now.
More to come below.
Have a good day!
GL and GB!
Tuesday, February 10, 2015
Morning Charts 02/10/2015 SPX /es
So Greece gets and extension? Did Europe just fold? No, they did not, but as ZH notes,
and SPX positive as well. Will it be given back? LMAO, is it ever? Move along. All is well. Nothing to see here.
I'd like to reiterate the STB warning to take profits when you can, because the swings from top to bottom are fast and relentless. STB always likes it when the "experts" come in well after the fact to confirm something we've been discussing for months now (three large tops ago). See Dan Loeb's Haunted House Market. I could not say this better myself,
I'm sure that you have seen all the smart car surveillance/security/hack capabilities recently. If DARPA is discussing it, then you can rest assured they are planning on using it (if they already have not - Michael Hastings). Maybe you have seen or heard about the electronic surveillance equipment found is random kitchen appliances? I want to make sure that you heard about the news that Samsung Smart TV's ARE LISTENING AND REPORTING your conversations in your home to third parties. Read their manual, it
If you for one second can not see the fascist control state taking over, you are sorely mistaken. We have no control anymore. Your government does not represent or protect you from anything (example - Monsanto and FDA). The serve corporate conglomerates and are promoting the UN's sustainable development agenda. A global slave state is developing.
Biblical - Invasion Imminent: Jordan Stations "Thousands" Of Troops On Iraq Border
On to the lie -
SPX 60m - OK, for my overthrow of the descending triangle to work I need a breakdown here at this backtest of pink and black busted resistance. That's asking a lot especially sine they just gave Greece the RUMOR of an extension. They see the technical setup for disaster there and will fight using any means to defend this point. Blue resistance diagonal remains resistance near 2072. This would be a great place for them to try and park price above support and below resistance. I'm stubbornly hanging on to my bearish lean.
More to come below.
Have a good day.
GL and GB!
"But at least the Eurogroup knows that for the algos, Greece staying in the Eurozone is a EUR positive."
and SPX positive as well. Will it be given back? LMAO, is it ever? Move along. All is well. Nothing to see here.
I'd like to reiterate the STB warning to take profits when you can, because the swings from top to bottom are fast and relentless. STB always likes it when the "experts" come in well after the fact to confirm something we've been discussing for months now (three large tops ago). See Dan Loeb's Haunted House Market. I could not say this better myself,
Most importantly this morning you need to be reminded of the ever expanding control/nanny state and how your constitutional rights barely exist anymore. If you do not know that there is such a thing as a "Constitution Free Zone" in the US, you need to check this out. Are you one of the 2/3 of the US population that lives in or even near the orange area in the map below? Just know as a US citizen, you check your rights at the door when you enter this zone.
"Avoiding dramatic downside in individual names and sizeable losses during inevitable sell-offs will be key to succeeding in this market and navigating successfully through the haunted hallways of 2015."
I'm sure that you have seen all the smart car surveillance/security/hack capabilities recently. If DARPA is discussing it, then you can rest assured they are planning on using it (if they already have not - Michael Hastings). Maybe you have seen or heard about the electronic surveillance equipment found is random kitchen appliances? I want to make sure that you heard about the news that Samsung Smart TV's ARE LISTENING AND REPORTING your conversations in your home to third parties. Read their manual, it
"informs you that the company may "capture voice commands and associated texts so that we can provide you with Voice Recognition features and evaluate and improve the features.""
"Please be aware that if your spoken words include personal or other sensitive information, that information will be among the data captured and transmitted to a third party through your use of Voice Recognition."
If you for one second can not see the fascist control state taking over, you are sorely mistaken. We have no control anymore. Your government does not represent or protect you from anything (example - Monsanto and FDA). The serve corporate conglomerates and are promoting the UN's sustainable development agenda. A global slave state is developing.
Biblical - Invasion Imminent: Jordan Stations "Thousands" Of Troops On Iraq Border
On to the lie -
SPX 60m - OK, for my overthrow of the descending triangle to work I need a breakdown here at this backtest of pink and black busted resistance. That's asking a lot especially sine they just gave Greece the RUMOR of an extension. They see the technical setup for disaster there and will fight using any means to defend this point. Blue resistance diagonal remains resistance near 2072. This would be a great place for them to try and park price above support and below resistance. I'm stubbornly hanging on to my bearish lean.
More to come below.
Have a good day.
GL and GB!
Monday, February 9, 2015
Morning Charts 02/09/2015 SPX /es
Vegas analogy this morning to explain Greece - Roulette - Some know how to play it. Rather simple game. Pick a number or a color and GFL. It seems to me the global financial powers that be have been betting black at the Greece table for 6 years now and red keeps hitting. With each loss they have used the standard doubled down tactic, knowing that red will eventually hit and they will win.
The problem with this method of gambling is that you have to have enough fiat to continue the game. Well, the global financial powers pooled their paid forward tax collections to play the game, and it now appears that some at the table are finally starting to see this as a losing proposition. Some want out of the game, and it appears even the dealer may want out at this time.
When you have a conglomerate (Fed/Japan/ECB et al) backing a bad player (Greece) the losing must stop, but in this case they've gone "black" too many times, have too much at risk (that's a funny - too much worthless fiat at risk) and can't stop now. Now even the player may want to change teams (only Russia would have them, but only to destroy the competing conglomerate). What a mess they have on their hands.
As I've been saying for years now, do the math. It does not and will never ever work. A country about the size of Alabama has the potential to take down everything.
BDI to SPX - Our Greece shipbuilders must be killing it here. Lowest EVER! All is well!
On to the lie -
SPX 60m - And just when they get everyone thinking ATH .... STB stubbornly remained (by a hanging thread) to my bearish stance. All is not well folks, I've been on that soap box for months now and, other than everything falling apart, the #ECBQEfail to lift was the first big clue that things had changed. Then came failed fed speak. Now, the previous problems are starting to come alive again. I stick to my contention that only a taper reversal (or QE of another name) will do the trick at this point. It has to come from a Fed action and nowhere else. this means all other players are eliminated from the game at this point.
The overthrow of the falling triangle is still alive. If so and if this pattern is correct then 1900 or 1890 should be the target. If this is right, then the STB rising wedge (red) discussed back in November will have played out. After the easily called Thanksgiving ramp, they fall to set one last low 1972 to set wedge support, raise it for the easily called Xmas ramp the E point 2093 to complete the wedge, fall in January and break lower support and backtest wedge 2064, one last bull trap (#ECBQEFAIL) and now, if all is well in the TA world the real fail happens. Add that all the resistance here is under that old blue rising wedge resistance I've been discussing. Price is in a mine field here without the Fed coming to help. The failed rising wedge to a descending triangle under weekly negative divergences is a technical nightmare setup.
More to come below.
Have a good week.
GL and GB!
The problem with this method of gambling is that you have to have enough fiat to continue the game. Well, the global financial powers pooled their paid forward tax collections to play the game, and it now appears that some at the table are finally starting to see this as a losing proposition. Some want out of the game, and it appears even the dealer may want out at this time.
When you have a conglomerate (Fed/Japan/ECB et al) backing a bad player (Greece) the losing must stop, but in this case they've gone "black" too many times, have too much at risk (that's a funny - too much worthless fiat at risk) and can't stop now. Now even the player may want to change teams (only Russia would have them, but only to destroy the competing conglomerate). What a mess they have on their hands.
As I've been saying for years now, do the math. It does not and will never ever work. A country about the size of Alabama has the potential to take down everything.
BDI to SPX - Our Greece shipbuilders must be killing it here. Lowest EVER! All is well!
On to the lie -
SPX 60m - And just when they get everyone thinking ATH .... STB stubbornly remained (by a hanging thread) to my bearish stance. All is not well folks, I've been on that soap box for months now and, other than everything falling apart, the #ECBQEfail to lift was the first big clue that things had changed. Then came failed fed speak. Now, the previous problems are starting to come alive again. I stick to my contention that only a taper reversal (or QE of another name) will do the trick at this point. It has to come from a Fed action and nowhere else. this means all other players are eliminated from the game at this point.
The overthrow of the falling triangle is still alive. If so and if this pattern is correct then 1900 or 1890 should be the target. If this is right, then the STB rising wedge (red) discussed back in November will have played out. After the easily called Thanksgiving ramp, they fall to set one last low 1972 to set wedge support, raise it for the easily called Xmas ramp the E point 2093 to complete the wedge, fall in January and break lower support and backtest wedge 2064, one last bull trap (#ECBQEFAIL) and now, if all is well in the TA world the real fail happens. Add that all the resistance here is under that old blue rising wedge resistance I've been discussing. Price is in a mine field here without the Fed coming to help. The failed rising wedge to a descending triangle under weekly negative divergences is a technical nightmare setup.
More to come below.
Have a good week.
GL and GB!
Friday, February 6, 2015
Open Weekend Post 02/07-08/2015
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
Thanks for another awesome week on the blog. Comments section keeps getting better and better. Y'all are amazing. 1,100 comments and counting is a wad of discussion, and it's all good. Not the biggest week ever, but that's a ton of convo.
I'll update charts and such to see what I can find.
Have a good weekend.
GL and GB!
If you see it, share it. I will as well.
Thanks for another awesome week on the blog. Comments section keeps getting better and better. Y'all are amazing. 1,100 comments and counting is a wad of discussion, and it's all good. Not the biggest week ever, but that's a ton of convo.
I'll update charts and such to see what I can find.
Have a good weekend.
GL and GB!
Morning Charts 02/06/2015 SPX /es
Internet connection down at the office this morning. I'll post what I can from my phone.
More to come below.
Have a good day
GL and GB!
More to come below.
Have a good day
GL and GB!
Thursday, February 5, 2015
Morning Charts 02/05/2105 SPX /es
They may be setting up Taper off. STB's greatest fear for the permabears. Bad news = Good news appears to be making a comeback. Never forget it's all about manipulation and control. STB believes they will use the rumor of another QE to prop up the markets till another QE is actually administered. All this will do is delay the inevitable.
A few headlines from ZH -
Bulk Shipping Bankruptices Begin As Baltic Dry Collapse Continues
Layoffs Surge 17.6% YoY, Shale State Joblessness Soars, Initial Jobless Claims Rise
US Trade Deficit Soars In December As Strong Dollar Hurts Exports, Downward Q4 GDP Revisions Imminent
Guest Post: Organizing Against Tyranny.
"For the liberty movement, the movement against globalization and forced centralization of financial and political power, lies are simply not an option. The internationalists have already cornered the market on lies, so we must take a completely contrary approach. We must organize around the truth, no matter how painful it happens to be."
On to the lie -
SPX 30m - Look at the first run from 1992 to 2064 back in early January and compare it to this one.
SPX 60m - Still hanging on to the descending triangle theory (Black). This is a follow on formation from the red rising wedge (STB call from October) breakdown and backtest, which if combined, and if plays out leads to the potential for much lower lows. This is a silver bullet setup if it can play out.
SPX 5m - Bully will like the break of red NT resistance and the backtest here, a traditional launching point. I remain bearish, but this formation here scares the heck out of me as a bear.
More to come below.
Have a good day.
GL and GB!
Wednesday, February 4, 2015
Morning Charts 02/04/2015 SPX /es
Not sure what I'll get posted this morning. LS's got me covered up.
So, the ramp Monday was not due to the Greece announcement as everyone thought. I propose it was insider front running of the leaked potential QE4 news that hit yesterday. I've spoken recently about the #fail ECB QE and that any relevant market moving news would have to come from the Fed. That's what they needed and that's what they delivered. To me this is an odd spot for the Fed to have to use their ultimate trump card which I expected as a last resort stick save down in the SPX 1700 - 1800 area. They must be really afraid of something here.
On to the lie -
I remain bearish. without Fed speak they got nothing.
SPX 60m - descending triangle or the upper triangle resistance his here. We're the Fed's words enough? We find out today.
SPX 5m - If the wedge is right then down to support for D and then up one more time for E than the wedge would be complete. Not sure if this is right with the two triangle situations above. ST neg divs showing up this morning in the minis.
More to come below.
Have a good day.
GL and GB!
So, the ramp Monday was not due to the Greece announcement as everyone thought. I propose it was insider front running of the leaked potential QE4 news that hit yesterday. I've spoken recently about the #fail ECB QE and that any relevant market moving news would have to come from the Fed. That's what they needed and that's what they delivered. To me this is an odd spot for the Fed to have to use their ultimate trump card which I expected as a last resort stick save down in the SPX 1700 - 1800 area. They must be really afraid of something here.
On to the lie -
I remain bearish. without Fed speak they got nothing.
SPX 60m - descending triangle or the upper triangle resistance his here. We're the Fed's words enough? We find out today.
SPX 5m - If the wedge is right then down to support for D and then up one more time for E than the wedge would be complete. Not sure if this is right with the two triangle situations above. ST neg divs showing up this morning in the minis.
More to come below.
Have a good day.
GL and GB!
Tuesday, February 3, 2015
Morning Charts 02/03/2015 SPX /es
So Greece is all OK now and the markets blasts off? It is all so beyond ridiculous at this point all you can do is laugh. Let's get this straight - all is well with Greece. So well that the US equities market ramped yesterday in joy. All their ills are cured, so risk on brother!
Really? Seriously, they want you to buy that. All is well. LOL. The Greek debt situation is so bad it makes ours pale in comparison. The ills are cured for this week, maybe, so ramp away. Pay no attention to the big picture, long term ramifications of the insurmountable situation.
Overoptimism, that about all we got (with a constant flow of trillions in fiat QE). I suggest you read Persistently Over-Optimistic Fed Admits There Is Persistent Over-Optimism About The US Economy
That statement fits perfectly with what I've said every time GDP has been announced - Aim high! Over promise and get a spectacular reaction from the algos leading markets to over inflated prices.
What else has assisted to leading to these conditions? Buybacks, and those are potentially (as with XOM) about to head to the side of the road. See Stock Buybacks Account For About 20% Of Yesterday's Buying: Goldman.
Last night RC posted this great vid in the comments section. I highly recommend that each of you look at it and take in what Ken has to say. Ken can be a bit radical in some of his views, but in this post he's spot on.
On to the lie -
SPX Daily - I don't know about today. I remain bearish.
More to come below.
Have a good day.
GL and GB!
Really? Seriously, they want you to buy that. All is well. LOL. The Greek debt situation is so bad it makes ours pale in comparison. The ills are cured for this week, maybe, so ramp away. Pay no attention to the big picture, long term ramifications of the insurmountable situation.
Overoptimism, that about all we got (with a constant flow of trillions in fiat QE). I suggest you read Persistently Over-Optimistic Fed Admits There Is Persistent Over-Optimism About The US Economy
"The Federal Reserve's San Francisco research group finds that -just as we have pointed out again and again - that since 2007, FOMC participants have been persistently too optimistic about future U.S. economic growth. Real GDP growth forecasts have typically started high, but then are revised down over time as the incoming data continue to disappoint."
That statement fits perfectly with what I've said every time GDP has been announced - Aim high! Over promise and get a spectacular reaction from the algos leading markets to over inflated prices.
What else has assisted to leading to these conditions? Buybacks, and those are potentially (as with XOM) about to head to the side of the road. See Stock Buybacks Account For About 20% Of Yesterday's Buying: Goldman.
Last night RC posted this great vid in the comments section. I highly recommend that each of you look at it and take in what Ken has to say. Ken can be a bit radical in some of his views, but in this post he's spot on.
Ken O'Keefe "Time to arrest traitors in White House/Congress" - END THE FED!
On to the lie -
SPX Daily - I don't know about today. I remain bearish.
More to come below.
Have a good day.
GL and GB!
Monday, February 2, 2015
Morning Charts 02/02/2015 SPX /es
Groundhog Day. We've been living this day for at least five years now. Waking up to the same lies and manipulation over and over and over again (and over again - one more time for good measure). Not sure how many times I've mentioned SSDD in morning posts over the past 5 or 6 years, but it's been a lot. I've lost count of how many times I've said "follow the Fed" more than 1,000 times easily. BLS BS? Prolly post that 3 to 4 times a month. Christianity is dying? Nanny state expansion? Fascist state rising? They've flushed the toilet, but we're that turd that refuses to get sucked down the drain. Round and round we go stubbornly remaining afloat against all measures.
We remain perpetually afloat spinning in a vortex that creates its own reality (to serve "their" purpose). The bad news is the cycle is not breaking and does not show any intent to break, ever. In fact things are getting worse. Our path has been chosen for us by our masters. We like to think that we have a choice in the matter. It appears that through the vote we would have the ability to change things, but given the actions of congress following the last election, that's not the case. Our will, our voice, our desires are not being heard or fulfilled.
10 years ago we voted for change and look at what that got us. Last November we voted against said "change" and look at what that got us. We have no control. Conspiracy theories be damned, truth is the truth, and if you can't see the facts, you my friend are in denial.
Screw that markets, they are not real and are the veil they use to hide the alternate reality that everyone (but us here at STB and a few other places) refuse to admit exists. Screw the financial markets and crumbling global economies. Screw the debt, austerity and Grexits. We need to focus on one thing and one thing only, and that is the persecution of Christianity and the rise of the muslim state (promoted by the said "change" master).
With this 'change" our freedoms are being taken not one by one, but in bunches. Everyone but the muslims are being persecuted. As our nominated and prolly soon to be AG Jarrett in the past basically said, use our constitution against us (freedom of religion) to promote the muslim state and take over America. The shadow we see this morning is not of some fat ass groundhog, it's the shadow of the evil that presides over this country. Of course we saw the shadow. It's the same one we've woken up to for decades now. I suggest we all wake up from our slumber and complacency before it is too late.
On to the lie -
Energy and oil - And no one saw this coming? No one sold into it? The big takeaway - Stock buybacks grind to a halt (cause buybacks are the market). Oh, and the national oil strike - well timed to stop "production" and try and boost price IMHO. I think it's a ploy by the industry.
I refuse to yield, I still like down. Failed QE lift being my primary reason. QE is everything, it is the only thing they got. Without sufficient QE coming from and going to the right places the markets are toast. Can you remember the last time a QE announcement (one that actually delivered and was not just a promise) failed to lift to new ATHs? No, you can't, except for this time.
SPX 30m - If it breaks down this morning (XOM miss - means the PPT will be working OT), then NT support is gone and an underthrow of pos divs happens. I'm holding out still for the low 1970's, but things could get far worse if the energy sector earnings cycle is a total bust (see above). Descending triangle I've been mentioning is still in effect. Target, bout 100 points to 1895. I'd expect Bullard or some Fed mouthpiece to start spewing hopium sooner than later. PPT is in full GO mode this morning.
More to come below.
Have a good week.
GL and GB!
We remain perpetually afloat spinning in a vortex that creates its own reality (to serve "their" purpose). The bad news is the cycle is not breaking and does not show any intent to break, ever. In fact things are getting worse. Our path has been chosen for us by our masters. We like to think that we have a choice in the matter. It appears that through the vote we would have the ability to change things, but given the actions of congress following the last election, that's not the case. Our will, our voice, our desires are not being heard or fulfilled.
10 years ago we voted for change and look at what that got us. Last November we voted against said "change" and look at what that got us. We have no control. Conspiracy theories be damned, truth is the truth, and if you can't see the facts, you my friend are in denial.
Screw that markets, they are not real and are the veil they use to hide the alternate reality that everyone (but us here at STB and a few other places) refuse to admit exists. Screw the financial markets and crumbling global economies. Screw the debt, austerity and Grexits. We need to focus on one thing and one thing only, and that is the persecution of Christianity and the rise of the muslim state (promoted by the said "change" master).
With this 'change" our freedoms are being taken not one by one, but in bunches. Everyone but the muslims are being persecuted. As our nominated and prolly soon to be AG Jarrett in the past basically said, use our constitution against us (freedom of religion) to promote the muslim state and take over America. The shadow we see this morning is not of some fat ass groundhog, it's the shadow of the evil that presides over this country. Of course we saw the shadow. It's the same one we've woken up to for decades now. I suggest we all wake up from our slumber and complacency before it is too late.
On to the lie -
Energy and oil - And no one saw this coming? No one sold into it? The big takeaway - Stock buybacks grind to a halt (cause buybacks are the market). Oh, and the national oil strike - well timed to stop "production" and try and boost price IMHO. I think it's a ploy by the industry.
I refuse to yield, I still like down. Failed QE lift being my primary reason. QE is everything, it is the only thing they got. Without sufficient QE coming from and going to the right places the markets are toast. Can you remember the last time a QE announcement (one that actually delivered and was not just a promise) failed to lift to new ATHs? No, you can't, except for this time.
SPX 30m - If it breaks down this morning (XOM miss - means the PPT will be working OT), then NT support is gone and an underthrow of pos divs happens. I'm holding out still for the low 1970's, but things could get far worse if the energy sector earnings cycle is a total bust (see above). Descending triangle I've been mentioning is still in effect. Target, bout 100 points to 1895. I'd expect Bullard or some Fed mouthpiece to start spewing hopium sooner than later. PPT is in full GO mode this morning.
More to come below.
Have a good week.
GL and GB!
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