Morning Charts 03/31/2015 SPX /es

Wait, we could be witnessing a first, a giveback? What they took yesterday they are giving back this morning? Wait, just yesterday I said, "the SPX futures are gonna give back those 10 points they picked up for free, right? LOL. NOT! That's not how it works." 

Have no fear, Feddog is here, and he will come to save the day. I'd guess we'll see a backtest of 2062 support and then Fedspeak will begin again in earnest. If not, if they let 62 fail and the lower red wedge support go, then we're looking at 100 SPX points or more in a tumble that will further weaken what little confidence is left in this market. First real support is around 1988. Red wedge target is near 1960.

Uh hem .... we've discussed this at length in the past. It was always going to be a last stop measure before the big one .... QE For The People - What Could Go Wrong?

"Each eurozone citizen could be given €175 per month, for 19 months, which they could use to pay down existing debts or spend as they please. By directly boosting spending and employment, either approach would be far more effective than the ECB’s plans for conventional QE"

On to the lie - 

SPX 60m - just focus on the wedge (they are). Green arrow would be most logical real target if not the dashed red wedge target line. A breakdown here would really indicate the potential for a top being in. A fall to either target then a backtest of 2062 then fail would be one possible scenario. Never forget that Feddog is here. He can come to V the day at any moment off any low.

Freedom watch - 

This is nothing new to STB readers, but it's always good for a refresher course in Are You a Terrorist? You should read According To The TSA, You May Be A Terrorist If... and check the list closely listed in the post. I still think you can pick your nose and maybe eat something, but whatever else you do will get you on the monitor list. 

Of course, I'm feeling really good about the google search I just did NSA+terror+words right now (Hello! STB handler! How are you today?). I suggest you read These Are Supposedly The Words That Make The NSA Think You're A Terrorist.

Let's make a sentence or two that may draw their attention shall we. 

Anyone want to fry some artichokes in cornflower? No? then maybe frogleggs of halibut?

I'm a nerd cause I wore fangs to the party at the speakeasy. 

Bubba the love sponge? (WTF?)

I'm gonna ask each of you to make your favorite sentence from the list in the comments below. Let's keep the handler busy today. 

You can also see Uncle Sam admits monitoring you for these 377 words:

What a great country!

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/30/2015 SPX /es

So we wake up to Chinese easing speculation that's a false rumor, sooooo ... uh ..... the SPX futures are gonna give back those 10 points they picked up for free, right? LOL. NOT! That's not how it works.

I suggest you read this one. "The Risks Are Very High" Swiss Billionaire Warns "Global Financial Markets Have Never Been This Distorted Before"

"But our authorities had the dream to smooth the business cycle by not allowing the markets and the system to correct itself. It is difficult to correct this in a painless way, which is what the authorities are trying to do. That won’t work."

Look for this and other tactics like negative interest rates and capital controls to become the norm as Governments starve - Australia To Start Taxing Bank Deposits.



On to the lie - 

SPX Daily - Red rising wedge support - what a place for them to find 10 free points overnight courtesy of a rumor that's not true. That's very typical of this market these days. 

SPX Daily - OK, now I warned about the double resistance with the STB DOD and the Channel 50% diagonal. Now it is time for the triple support whammy, the 100 dma and the wedge support all at 2062 s/r point. A break of support here would be devastating technically, to rally through resistance now at ATH 2119 should be difficult (well, in realist terms). One could say they have cornered themselves here. I've been working this wedge over as a potential ending/toping formation since October, its formation, all the plays in it and now its potential failure. You have to know "they" see this as well.

 

 

Freedom watch - 

Must read - Obama funds left-wing hit squad with your tax dollars 1 of many groups deployed in melding of state, political advocacy

"Asked by WND to comment, Rep. Louie Gohmert, R-Texas, called the Obama administration’s pattern of behavior “yet another profound example of how extreme leftists have conspired to use American taxpayers’ funds for their far-left destructive agenda.”"

More to come below. 

Have a good week. 

GL and GB!

Open Weekend Post 03/28-29/2015 SPX /es

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

If you see it, share it. 

Thanks for covering for me this week. 

Have a good weekend. 

GL and GB!

Morning Charts 03/27/2015 SPX /es

Nother late post.


Travel day.


Owp up at 4:00

Have a great weekend.

GL and GB.

Morning Charts 03/26/2015 SPX /es

late post.

I'll get something up below in the morning.


Have a good day

GL and GB!

Morning Charts 03/25/2015 SPX /es

Late night here. Love u folks. Thanks for hanging around while I'm out. Prolly won't be here too early in the AM, so ya'll do what u do. 

Much love and appreciation to each of you from STB!

Have a good day. 

GL and GB!

Seriously - ya'll rock. 

Morning Charts 03/24/2015 SPX /es

SPX 60m - The red rising wedge we've been discussing since October. 

Have a good day. 

GL and GB!

Morning Charts 03/23/2015 SPX /es

I'm in the land of corexit, so posts this week will be up but will be lacking (like really lacking). I will be around to comment some. I will have an eye on the markets, so is something happens my full attention will be available (sort of). I will do charts when I can and keep you appraised of my general thoughts. 

GL this week. 

GL and GB!

Open Weekend Post 03/21-22/2015

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

If you see it, share it. I will as well. 





Have a good weekend. 

GL and GB!

Morning Charts 03/20/2015 SPX /es

Quad witch, eclipse, equinox, new moon - anything can happen sort of setup. 


On to the lie -


SPX Daily - Wedge and DOD watch. 

More to come below.
Have a good weekend.
GL and GB!

Morning Charts 03/19/2015 SPX /es

Greece is about to come back with a vengeance. Other than FOMC hangover and the economy self destructing, nothing else is new.

On to the lie - 

Post FOMC, was the move this week into the meeting yesterday real or just a headfake? 

SPX Daily - Just playing in the rising wedge right at the STB Diagonal of Death. Indicators are weak. STB Bull/Bear was at 2088. That unprecedented move yesterday took care of that point. As most know a move over that point only means one thing - a march to new ATH's. It has not failed yet. The position of price at DOD resistance and old wedge support is the last chance the bears have to stop another unadulterated rape of what some still mistakenly call a market.

 
SPX 30m - Funny, yesterday morning I was mentioning how out of character the fall after the open was, and they were not following the script of V bottom recoveries in the past. LOL, they corrected that issue quickly. If you'll take the time and go back and look at the moves of the lows that past 2 years or so (look at the falls as well), you will notice a great deal of similarity in form. It's almost like they have a pre-programmed playbook.

Freedom watch - 

Administration sets record for withholding government files

"It also acknowledged in nearly 1 in 3 cases that its initial decisions to withhold or censor records were improper under the law — but only when it was challenged."

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/18/2015 SPX /es

OK, I got my Wednesdays messed up yesterday. Today is FOMC day. Get your popcorn, could be a good show. 

Bibi won, I guess that's a good thing. Not that I trust any leader or election result, but for some reason I feel reassured that this is a good thing.

Sorry I did not have time today to get to the horror story that Zero Hedge was yesterday. Conspiracy fact and truth are hard things to swallow for the blind ass sheeple that live in total denial. Face it, the proverbial poop is going to hit the fan. You need to be prepared, and you need to be preparing now.

On to the lie - 

Just see these two charts. 

SPX 30m - Yesterday I wanted consolidation at my 2070 area and got it. Today we should get a break one way or the other.

SPX 60m - The STB Diagonal of Death (pink) is clearly in play here. We're looking at one of two scenarios, the top is set and we're about to fall off a cliff, or they have one last run in them. I really believe this red rising wedge has real potential to be THE topping formation.

Freedom watch - 

None today.


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/17/2015 SPX /es

Happy St. Patrick's Day!

FOMC Day as well. Let the drama begin. If August is the target for the rate hike, this times really well with all the speculation for a September collapse (with the hike being the trigger). Of course there is hype on top of hype surrounding anything the Fed does, so take it all in with a pint or two today.


On to the lie - 

SPX 60m - Red wedge support holds. Price moves back thru Diagonal of Death resistance (2072 - a point I was eagerly watching). Price now just under old wedge resistance (blue 2085) that's been a key player for close to a year now. See below where price does not like to stay above this blue diagonal for very long. 2088 is the STB bull/bear line. Anything much over 2088 and a new ATH is almost virtually guaranteed.

SPX Daily - The bear cross for the bull move is a tad late but is on the way. 

Freedom watch - 

The Lies End Now: "Most Transparent Administration Ever" Is No More: White House To Delete Its FOIA Regulations -  Just how much will the sheeple allow? Police state. 1984. WTF? I hope at this point you are starting to believe in the possibility of the next presidential election being "postponed".


Not a freedom watch topic, but since I'm not gonna add a conspiracy or prophecy section I have no place else to put this. You know STB loves this sort of stuff - This is the end? Pope gives up cryptic hint (see papal prophecy here if you are clueless to this)

“The comments by Pope Francis regarding possible assassination or retirement and that he may not be the pontiff much longer make me wonder if he is a believer in his role as the last pope (pope No. 112 in the ‘Prophecy of the Popes’), which speaks of the destruction of Rome.”

Now if that does not start tying things together, I'm not sure what else does. This is from the proverbial horses mouth.
More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/16/2015 SPX / es

First things first - I expect all of you to fill out a bracket and get in on the fun - 

ESPN Tournament Challenge Group: Shanky's Group 

Now on to less important stuff - 

Draghi speaks this afternoon and FOMC is Wednesday, so really commenting on anything else is kind of worthless. This means that today and tomorrow would be great times for you to work on your STB NCAA brackets (limit of 5!).

Empire State misses this morning continuing the multi-month slide in everything related to what's left of the economy - so get out there and support it by filling out your brackets here. 

On to the lie - 

SPX 60m - Potentially in a RS here of a HnS formation. If they can't bust thru 2064, problems may persist. So, we're set up in a place where if Draghi does not move the market and the FOMC disappoints serious downside potential exists. Possible small rising triangle exists here that developed off the last low. 

Freedom watch - 

Popo tracking your phones with secret technology they are not sure is legal or not? 

More to come below

Have a good week.

GL and GB!

Open Weekend Post 03/14-15/2015

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


If you see it, share it. I will as well. 


Have a good weekend. 

GL and GB!

Morning Charts 03/13/2015 SPX /es

I suggest reading SocGen Tries To Predict When The Next US Bear Market Starts.

"Over this period the index has risen by over 200%, making it the third strongest six year run since the year 1900. Famously, the two others (1929 and 1999) did not end well."

In STB's case, the question is not which came first the chicken or the egg, but which comes first the market crash or the war? I've been asking this question since 2010.  So, Is It Time To Prepare For War?


On to the lie - 

SPX Daily - I've been discussing all sorts of possibilities in the charts, not gonna rehash them all this morning. For me to describe or lay out that were in the third of 5 possible consecutive HnS moves (first two worked great) would be a nightmare. I suggest you note the support in the chart and ask yourself, if you were the Fed where would you want to stop the fall and what are your limits of tolerance?  As you know, I'm focused on that red rising wedge and am quite perplexed with what happens here at support.

SPX 30m - Wednesday I pointed out the possibility of an STB point and drew the pink line. For those that do not know, an STB point is a spot on a chart where there is a conjunction of diagonals and/or resistance in the future. I'm not sure of the batting average of the call, but I know they work well enough for me to mention and heed them when they occur. LT STB readers have seen the miracle the STB points can be.

Freedom watch - 

Judge Napolitano vs Michael Hayden CPAC 2015 Privacy vs Security Debate

And an STB pet peev that you will begin hearing a lot more about from me soon - Government Admits It Can't Fully Guarantee 51% Of Insolvent Pension Plans - guarantees do not matter. They will confiscate the plans for "fair" distribution to all, so the fear or point of the linked post is mute. 



More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 03/12/2015 SPX /es

FOMC is key. 


On to the lie - 

I need to apologize, but I can't quite get my bearings right now. Most LT readers know I can not stand it when I get this way. It usually occurs when the market is not reacting to something or is out of sync with the environment. IMO this indicates a lack of leadership or a questioning of our directional forces. 

What's next for team manipulation? Currencies are all over the place, rate cuts are unprecedented and here we sit with the Fed mulling rate hikes (which they can not do or everything blows up - think US default). 

There can be one other  reason I'm lost to a degree - the market is about to make an unprecedented move that may surprise us all. I do have a great fear - that of what's coming - and realizing this internally may be something I could be psychologically avoiding. 

I'm not lost - lost, but just not clear about where we are headed. I like being able to see (relatively) what's coming - yes, I actually think I can do this. I believe over the years I've demonstrated to a degree to be able to do such better than most. 

To me the big question is - are they ready for the big collapse? The war is almost staged (to cover up debt default and financial crisis) and the police state is almost in place (to do what else - control us). We're close, but not quite there. 

Here is my weekly look at the weekly and monthly charts in hope to drive home a real perspective of where price is and how critical things are becoming. 

SPX Weekly - Let me put it this way - a move back to 1550 could literally happen in a week. 

SPX Monthly - Still not about to move that lower green target box, and the more I think about it the more conservative it looks. 

Freedom watch - 

With the failed ammo grab of the cop killer AR rounds this week, maybe, just maybe, they needed an incident to get that right back to the top of the priority list. Two Police Officers Shot Outside Ferguson Police Department: Shooting Caught On Tape. This is a bit too convenient and well timed. Random? I don't think so. 


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/11/2015 SPX /es

Man the kids crushed me this AM. 



On to the lie - 

SPX Daily -

Freedom watch

Actual good news. this is rare I get to report something positive - BREAKING: ATF Temporarily Pulls Proposal to Ban AR-15 "Green Tip" Ammunition



More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/10/2015 SPX /es

Early post

At meeting for the kids at school now but should have time to get something up before the open.

Futures off 13.  Hello!  Maybe that abc then fail I mentioned yesterday is in play.  My 2070 support gets abused in style at the open.  The 2055 HnS target is in play.  I have not bothered to look any lower than that at this time.

The epic #ECBQEFail must be a huge disappointment for the cb's. Not sure how long they let it slide before the next round of Fed speak hits but you know it coming at some point.  Bottom line is buybacks and loads of fiat liquidity do not make a market. As for fed speak -  the next big move will have to be promised from our Fed.  As a bear that's what worries me the most. As a citizen of this once great country,


More to come below.

Have a good day.

GL and GB!

Morning Charts 03/09/2015 SPX /es

All is well, the AAPL watch is coming to save the world. Just buy they hype, we'll sweat the details later. All is well. What could go wrong? Well, I highly suggest that you read The Nasdaq Has Become The Biggest Circle-Jerk In History. This is the ultimate - do as they do - not as they say.

"technology companies have been buying back a record amount of their own shares. And who is selling: why the management teams and directors that make the decision whether to allow the company to buyback stock in the open market."

Greece is back in the news, they apparently have about three weeks of money left. Perfect timing. With the markets suffering, just what the DR. ordered, three weeks of bad news so the market can react positively to it. 

ECB QE begins. OK, so, what they got? Bring it. So far not so good as the markets are not reacting to stimulus. I guess free fiat ain't what it used to be.

"Because as everyone knows, the one main problem facing Europe today is not trillions on non-performing loans, rampant unemployment, deflation, the surge of anti-austerity political parties coupled with rising xenophobia, and broad socio-economic instability, but bond yields which are not negative enough"

So we got negative interest rates (that's negative, like with a - sign) with record insider selling in a terrible global economy (that's the very short list of bad things). All that's OK cause the MSM will only hype the glory of the AAPL watch and how much money will be going into buying bonds and stock buybacks. Folks, you got two choices - either live in their matrix or face reality. 

for those that missed this - Insider Alan Greenspan Warns of Explosive Inflation: “Tinderbox Looking For a Spark”- According to Greenspan, something big is coming.

"This is a well known fact within Fed circles and those on the inside are positioning themselves with hard assets for what will ultimately end in a collapse of the U.S. dollar and the American way of life"

Onto the lie -

SPX 60m - The only positive divergence on this chart is all the way down at the bottom in the ADX. It is oversold. Price did hit my 2070 target. There is no support below here toll about 2035. Below that there is no support. The red rising wedge is playing out.

SPX 30m - Here is the head and shoulders I was discussig last week. Very oversold, few positive divergences and at the best support they could find. 

SPX Weekly - Just a reminder of how overbought this thing is with the true underlying fundamental breakdown in support this market is facing and ignoring. All those red lines slanting down are really bad news.

Freedom watch

Because if he's not our next president, we have NO chance.

Because "they" can rewrite the history books and control education  - nothing fascist going on here, nothing at all. 



More to come below.

Have a good week.

GL and GB!

Open Weekend Post 03/07-08/2015

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

If you see it,share it. I will as well. 

What a week for da bears. Can they keep momo on their side to the 55 area or is it time for the PPT to step in? 

I'll update some charts and let you know if I find anything. 



Have a good weekend. 

GL and GB!

Morning Charts 03/06/2015 SPX /es

For when he speaks, you must listen - now, how you listen is another story all together. Bottom line is there is something hidden in Lord Rothschild Warns Investors: "Geopolitical Situation Most Dangerous Since WWII" that we must glean, good or bad. 

Look, we're talking about THE family that's run global banking since before the Napoleonic Wars (1803 - 1815). These dudes RUN THE SHOW and have for HUNDREDS of years. If you look up Illuminati in the dictionary, there is a family photo of the Rothschilds. If you are not familiar with the conspiracy riddled family read more about the many branches of the family here, and you will be able to start connecting the dots. 

They manipulate wars (as well as the Rockefellers) for their benefit and profit -

"As we have seen, however, wars tended to hit the price of existing bonds by increasing the risk that a debtor state would fail to meet its interest payments in the event of defeat and losses of territory. By the middle of the 19th century, the Rothschilds had evolved from traders into fund managers, carefully tending to their own vast portfolio of government bonds. Now having made their money, they stood to lose more than they gained from conflict. The Rothschilds had decided the outcome of the Napoleonic Wars by putting their financial weight behind Britain. Now they would sit on the sidelines."

And today they manipulate currencies, precious metals and anything they need to control the global financial system. See The Top Of The Pyramid-The Rothschilds The British Crown And The Vatican Rule The World. (conspiracy riddled post but you will get the idea)

Conspiracy theory? LOL, more like another part of reality that folks prefer not to deal with. We're seriously talking about them managing the outcomes of world wars and the possible deaths of presidents Lincoln and Kennedy. These people don't fuck around. They are the richest. They OWN the banking system - literally. They think they are your master. They are the elite of the elite. They are the illuminati. They want to financially control the globe and will do anything to keep it that way. 

A former Rothchild employee warns as well - Alan Greenspan Warns Stocks Are "Without Doubt Extremely Overvalued"

I sincerely hope you are listening. Both of these warnings are part of the culmination of what STB has been preaching for years. 


On to the lie - 

Well, we left off last night in a rather precarious spot. 

SPX 5m - Lots going on here, which way does it break is the question. IMO market forces still want down, but then again, this is a time when "they" like to go against the grain and prove the inpossible is always possible. 

First the small HnS worked out perfectly, now the larger HnS  RS failed and price is backtesting the neckline now. Price is just under the black wedge/triangle and 2103 s/r line here with an IHnS formation ready to propel it through resistance after a backtest of ST busted blue resistance diagonal. So, who wins? The neg diving (on most every level) market backtesting the neckline, or the ST setup that looks to be ready to take out three resistance points?

SPX 15m - Better look at the HnS situation. So, do they get the pattented RS ramp job that's screwed so many prefect HnS setups over the past 5 years? So many that I now declare the RS a very bullish setup. We'll have to see. If they consolidate it into the weekend that will make for many nervous customers on both sides of the book. 

Sub 2087 is a dark dark hole (and "they" know that).

Freedom Watch

Gonna take a break today from this.


More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 03/05/2015 SPX /es

Cause no other commentary is necessary this morning, ECB Keeps Rates Unchanged, QE Details To Come Shortly. All you can do is react, unless you got a set big enough to frontrun your preferred direction.


On to the lie -

Well my 2118 short made it a week. That's right, 7 days in and I'm still holding and positive on my trade. ECB and market actions this morning will determine if I continue to hold or not. Odds are good that I'll not trade it for profit over prosperity.

SPX 15m - The first HnS we were looking at played out nicely. Will the next larger one play out, or do we get the dreaded RS ramp job?

SPX Daily - Just an observation, but recently after a spike in price when it falls back under the 13ma it is usually not a good thing.

Freedom watch - 

China Has Announced Plans For A ‘World Currency’ -

Here is a post I linked back in 2010 - Bancor: The Name Of The Global Currency That A Shocking IMF Report Is Proposing

Which currency you hold one day will be a vital part of financial planning.

Guns are bad, MK - Six-Year-Old Child Suspended For Making Gun Shape With Hand


More to come below.

Have a good day.

GL and GB!

Morning Charts 03/04/2015 SPX /es

Well, when you're almost at "full employment" and the jobless rate is sub "6%" shouldn't you expect job growth to slow? If that's the case then why is the "employment growth slowing" such an issue?

21st Central Bank "Policy Ease" Of The Year - At this "rate" we'll all be in NIRP land before you know it. You know, when things are going so well, and when the now 6 year on economic "recovery" is still being referred to as a recovery, then you've arrived in a place they call The Twilight Zone.

 
On to the lie - 

SPX 60m - Cause I like this chart. I'm hoping (that after 6 years of this) a rising wedge will signal what it is supposed to - a top.

SPX Daily - The wedge in its glory. Now, these have been crushed by the central planners time and time again. I get that, but you must respect their historical premise. You are looking at a case of 5 (possibly soon to be 6) technical overthrows (black vertical lines) where central planning has blown through solid historical negative divergences. Of these 5 only one produced any normal correction, and that was stopped only by some well timed Fed Speak that was no more than a promise. When this thing let's go, it's gonna really let go. Take profits while you can. 

Freedom watch - 

This should comfort you, Obama pressing for federal control of local police

“The U.S. Department of Justice, through the Office of Community Oriented Policing Services [COPS] and Office of Justice Programs, should provide technical assistance and incentive funding to jurisdictions with small police agencies that take steps towards shared services, regional training and consolidation,”

Actual good news? This is what happens when you drink too much Kool-aid - Obama's Nobel Prize chief gets dumped

So it's not just the bullets they are going after - remember folks - this is the last step before they go for total control. This should, IMO, be tied to a market top. As soon as they get the guns under control, then they confiscate the wealth (or what's left of it). Obama Admin Is ‘Going After’ Gun Dealers



More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/03/2015 SPX /es

Hmmm .... Quiet, veeeewwwry qwwiet.


On to the lie - 

 All time frames still neg diving. Not that is matters, just pointing that out. The crap shoot is at the table with the dealer playing wth loaded dice. My bets still lie on the "don't come" line. Crazy? LOL, stupid as hell more like it. Odd, I've been up on my bet since last Wednesday. Will I pull it off the table or let it ride is the question? So far this morning I'm getting a bit of wiggle room to stay in the play.

SPX 60m -  The sTB red rising wedge I've been discussing forming and playing out since October. you see the wedge, but the real main player is that pink diagonal running thru the middle. Price does not like to stay above this line for very long. You can see upper resistance of the wedge around 2040 - this is why I said last week I would not mind one last pop up. An overthrow of upper resistance would create a sensational shorting/sell opportunity (not that right here is not just fine).
 

I'll show the daily, weekly and monthly charts later this week. you can always see them in the chartbook anytime you like. Trust me, they are nasty and have been for quite some time. Time is running out folks. You need to be preparing for this reality. I'll remind you of the mass exodus that's coming. When everyone heads for the gates at once and then you discover the "gates" have been closed for access to your funds it will not be pleasant.

Freedom watch - 

The Internet Of Things: A Dystopian Nightmare Where Everyone And Everything Will Be Monitored On The Internet

"Could an “Internet of Things” create a dystopian nightmare where everyone and everything will be constantly monitored and tracked by the government?"

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 03/02/2015 SPX /es

Let's not mess around, I know it's Monday morning and getting slapped across the forehead it not your preference at this time, but easing into the week is not an option. Why don't we have a little hard cold truth with our coffee this morning? David Stockman Warns "It's One Of The Scariest Moments In History"

"the looming collapse of free market prosperity and the desctruction of American wealth as policymakers "take our economy in a direction that is dangerous, that is not sustainable, and is likely to fully undermine everything that's been built up and created by the American people over decades and decades." The Fed, Stockman concludes, "is a rogue institution," and their actions have led us to "one of the scariest moments in our history... it's a festering time-bomb and we're not sure when it will explode.""

Sadly this is not a case of STB propaganda fear mongering. Reality sucks when to take off the lipstick and the veil to reveal the truth. IMO you might as well get used to it and prepare for what's coming. None of us know when but with $18 trillion in debt and over $95 trillion in unfunded liabilities we're in deep doodoo. Oh, did I mention the Fed and our glorious government fearlessly leading the way. Awe inspiring confidence right there, we're in great hands. If they can't help us the Central Banks all got our backs, so rest east America. 

On to the lie - 

This you must read if you have not seen it. Plain, simple, easy to understand, Here Is The Reason Why Stocks Just Had Their Best Month Since October 2011

"buyback announcements have surged with February ($98bn) posting the  largest monthly tally on record."

SPX Daily - for those thinking that the massive 16 point pullback last week was it for this correction .... well, you may be right based on the past five years of market movement, but on the other hand you can go with the technicals, collapsing economy, global banking crisis and other worldly epidemics that are poopooed by all. I'm still swinging my well timed short from the top on the 25th. 

SPX 5m - Here is the HnS that I was discussing last week. The good news is that we missed the RS ramp that usually comes to blow up the formation. Quite the place to open a Monday morning.

Freedom watch - 

I guess this meeting was held in the Constitution Free Zone in Texas? Feds raid Texas political meeting. This ain't right at all,

“In the end, at least 20 officers corralled, searched and fingerprinted all 60 meeting attendees, before seizing all cellphones and recording equipment in a Valentine’s Day 2015 raid on the Texas separatist group.”

More to come below. 

Have a good week. 

GL and GB!