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

"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!

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