Morning Charts 06/30/2015 SPX /es

Sorry bout yesterday. Saturday morning I messed up my back, and I guess all the action out here in CO really killed me. I slept literally for 16 hrs. I rolled over and saw it was 9:30 and threw a post up and went back to sleep. I missed all the action Monday.

OK, I'm up and moving this morning, somewhat, I'm a bit out of touch with reality having seen very little news since Friday. Pretty sure I don't have to go far beyond the dreadful headlines to figure out what's going down. I do have a question - If fear sells, can the MSM be controlled as well when the SHTF? What will we be allowed to see? What will the rest of the most interested onlookers (the rest of the PIIGS) be allowed to see. How will they be able to contain the news and the raw fear that will follow?

I'll get my bearings back today and tomorrow.


On to the lie -

SPX Daily - Well that was a quick trip. My fears of the low point and sell stops under 2062 were tested yesterday with the 2057 low. Futures up this morning cause that's the cheapest place for the PPT to do their dirty work. It's pretty much gut check time for everyone. Price is in no man's land about to test the 200 DMA which generally generates a "Bullard" moment. How quickly do they play the QE4 card is about the only question I have. The holiday ramp is in question, or is it? It's the fed's move now.

All eyes on the 200 DMA. They showed little control over the fall yesterday. Maybe they just saved their powder for the critical point? Bottom line is, they save Greece one last time or we're entering a place that we've never been before.

I'm prolly gonna whip up a few new charts.

SPX Monthly - This looks like fun!

Freedom watch -

I really don't want to think about Freedom this week. I guess that's something I'm going to have to deal with, like it or not. The poor people of Greece are in hell right now. I suggest you pay close attention to whats happening on the streets there. Don't you dare discount the fact that what's happening there will not come here.


More to come below.

Have a good day.

GL and GB!

Morning Charts 06/29/2015 SPX /es

Sorry overslept

Open Weekend Post 06/27-28/2015

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

Greece may actually be resolved by the time we get back in Monday (don't hold ur breath). To have to worry about something else (if resolved) for a couple of months (till Greece comes full circle for the 7th time) would be good. 

You will have ur charts back Monday. 

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

Holiday rampage next week? 


Have a good weekend. 

GL and GB!

Morning Charts 06/26/2015 SPX /es

What happens with Greece is about the only thing that matters now. Till then you still need to pay attention to the other window dressing events in the periphery. Don't lose sight, for distraction is their best weapon. 

Following up on my post yesterday, I guess misery loves company - see this -

It’s all about comfort. And what a deceptive thing that is! Call it sleepwalking to oblivion or what have you, it’s endemic to today’s dumbed-down society. 

On to the lie -

Charts will be back by Monday - I promise. We need to have all ammo available for the post holiday disembowelment of the market.



Freedom watch -

SCOTUS - well, you'll know more about just how far this mation has fallen by the end of the day.



More to come below.

Have a good weekend.

GL and GB!

Morning Charts 06/25/2015 SPX /es

Not so sure you really want to hear me bitch this morning. Not so sure I'm in the mood to let one out either. The utter ridiculousness of literally everything right now is quite beyond comprehension. 

When someone came up with the word FUBAR, I'm not sure they ever intended it to be associated with global everything. Sadly, to get the twist or the true plot of the story you have to be truly conspiracy minded. If not, your blinders need to stay in place, just keep looking straight forward and never leave the path. Remain the ever increasing "I've got to get mine" person you've become. Continue to force your will on others, cause you know what's right and no one else does. Continue to contribute to world suck not knowing the difference between your ass and a hole in the ground. 

If you don't embrace the un-pc, socially unacceptable conspiracy mindset you're truly missing the boat. You see it's all about division, greed and power. They have you right where they want you, and they will continue to pigeon hole you till one day you're gonna wake up in a cage, possibly literally. 

You have to be thinking fall of empires here, global change, political and power realignment (and not all for the better). I should just start and end this discussion with the ever increasing persecution of Christianity, but there is so much more. I could start and end it with the ever expanding welfare state, or the corporate takeover of the globe, or the military industrial complex, or the Banksters and wealth transfer to the .001%, or the completely corrupt system that runs it all. I could go on and on and on. 

Sadly, all of these require you to see reality for what it is and not as you choose to see it. You are sheeple. You are being herded. You just refuse to see or believe it. You are no more than a debt slave to the system and will never be any more than that. They OWN you. OK, so you are debt free, good for you, so now they will take your wealth and use it to pay off other debtors liabilities. 

You absolutely must see the destruction of the Constitution and the Bill of Rights, and NOT as a positive or progressive thing for the country or globe. You absolutely must see the destruction of Christianity, and NOT as a positive or progressive thing for the country or globe. You absolutely must see the corporate takeover of the globe, and NOT as a positive or progressive thing for the country or globe. 

One day you are gonna wake up in America, under a new flag, a new government, in a socialist system, chipped, working for the state, with your every move and expenditure monitored, and you are gonna wonder what the fuck happened? Well, simple, you chose to ignore reality. You chose to condemn the conspiracy minded. You took the easy way out and ran with the pack trusting that the government had your best interests in mind. You chose not to fight. You lost without even entering the game. 

Other than an initial credit card snafu, which I cold have fixed in a day or two, the charts have not been up for a reason (yes, they will be back). The reason is that we need to change our focus. Markets and money are not important. Most here have children and grandchildren, so is it cool that they will grow up working for the state in a transgender, transhuman, socialist corporatocracy where Christianity (or whatever religion you prefer) is shunned and all are basically slaves to the globalist system? 

This shit is real. Choose not to believe it. Either give a shit or don't. I do. Sadly I'm not so sure we're at a point where the inevitable (UN Sustainable Development and one world government after the last great war and eugenics) can be reversed. 


On to the lie - 

We can discuss targets and such below. Until Greece is worked out and they un-rig the markets, do charts really matter? They do to a degree. I've always and still believe that the charts will get it right in the end, and I think we're really close to that point.

Freedom watch - 

TPP is done and so are we. congratulations. 
 


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/24/2015 SPX /es

Well, are y'all all bought in to the extreme Greece hype? On/Off, Up/Down, Inside/Out, are you fully distracted yet? No? Well, good, cause they are gonna extend and pretend with this issue a bit longer it appears. Who knows what's real or what will come of this crisis? I personally don't think they are quite ready to pull the plug quite yet, and agree that the problem won't/can't be solved. Only when they are ready and have all their pieces in place (mainly police state, complete wealth confiscation, governments under bank control, wars ready to launch and so on ..), which they are close but not quite ready. 

This leads me back to September. I don't like posting this for the obvious three reasons in the title, but as I've tried to point out, there are many things historical, spiritual, celestial, and economically pointing to this fall. Read this anyway Lindsey Williams, Martin Armstrong And Alex Jones All Warn About What Is Coming In The Fall Of 2015. Also see Why Is The EU Forcing European Nations To Adopt ‘Bail-In’ Legislation By The End Of The Summer? for yet more arrows pointing to what could be.

I'm not fully bought in to full blown catastrophe this fall, but I am paying close attention to the potential of the stars aligning for this farce to finally end.


On to the lie - 

Charts are coming back - I promise. Be patient. Thanks. 

In the mean time, what have you missed? Not much. A ramp to and through upper 2120 resistance and now a backtest of that resistance (which was expected as the STB bull/bear line was crossed which basically has given us new ATHs every time this occurred). SPX almost set a new ATH, but mainly what you need to notice is that there is no fear, none at all, like there is not a snowball's chance in hell that Greece will not be settled in a market satisfactory manner. My only question is how much of the 'resolution' is priced in and what sort of 'sell the news' event do we get when resolution finally comes? That may be based on how they kick the can (which will be done), and how long till the next crisis?


Freedom watch - 

Well, this is not that far fetched now is it? Man, this nation is under complete and utter destruction. I'm Not Arguing to Keep It, But This Is Not Really About the Confederate Flag in South Carolina




More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/23/2015 SPX /es

Let's start with this from a CNBS interview with some 'expert' Tom Lee - 

"Greece isn't the systemic risk that it was three years ago," he told CNBC's "Squawk Box."

 "Focus on U.S. fundamentals, which have been really good."

Now that the laughs are out of the way let's move on to this from ZH  - 

"March's exulted bounce in Durable Goods faded rapidly into April's disappointing drop and today we see May disappoint further with a 1.8% drop (against expectations of a 0.1% drop) having missed 5 of the last 7 months. Revisions are big and negative... so that's not helping and has pushed Durable Goods Orders NSA down 5.0% YoY - the largest 10-month slump since Dec09... the last time we dropped this much, The Fed unleashed QE3. Durable Goods Ex Transports and Core Capex are also both down YoY for 4 months in a row, flashing recessionary red."

And it's always a positive when a $140 Billion Bond Fund Goes To Cash As It "Braces For Bond-Market Collapse" right? 

"To boot, record-low yields have prompted investors to pile into the same types of risky investors -- so it may be even more painful to get out with few potential buyers able to absorb mass selling"

Congratulations Tom Lee, you just Cramerized yourself. I'm positive that in a few years the historians will reflect on your remarkable ignorance. 

Oh, and another arrow pointing straight at September - Fed Voter Powell Turmoils Markets After "September". Just another thing to ease my fear of this fall. 
On to the lie - 

The long awaited return of the charts should be tomorrow. Wednesday at the latest. Sorry for the delay. It got complicated then personal. You have not missed a thing and will not as Greece has everything captive. Bout the only thing to worry about will be support points when the Greece 'sell the news' moment hits. those will be easy to spot. They are gonna extend the debt till - you guessed it - September.

Freedom watch - 

Still fretting TPA and TPP - Sessions tells GOP to shoot down Obama's trade bill. Not sure why, I'm positive this will not be all the lies Ocare was and will turn out just as spectacular as that did. Putting O in charge of trade for the country will be just swell. 

Truth? TTIP is a corporatist scam and not a real free trade deal, says Ukip’s Douglas Carswell


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/22/2015 SPX /es

 From ZH -

"The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.
 The best strategy to deal with this, he said, was for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. But he went further, suggesting it was wise to hold some “physical cash”, an unusual suggestion from a mainstream fund manager."

I honestly don't know what else I can say this morning. That pretty much confirms the STB position of "all the way out" doesn't it? Nice when a lowly digital dickweed blogger is about a year or more ahead of a $4bn fund manager. How long you choose to play this game like you are 10 feet tall and bullet proof is up to you. How long you intend to ignore reality is up to you. 

Remember that slogan 'hope' and how well that worked out? Well, 'hope' is the cornerstone of your foundation that we'll come out of this OK. Belief in coming out of this mess in anything other than an Orwellian 1984 nightmare is close to idiotic. I'm positive that you will be able to time the exit perfectly and get out ahead of the masses. I'm sure that when they close the 'gates' you will have your funds in a safe place. I'm sure when the capital controls come to the US your funds wont fall under the government's umbrella - you are an elite right? You are in their 'club'? 

 
Greece? LMAO. They may not be saved quite yet. If not, do you think they are gonna give back the ramp? Course not. Total control. Total BS. Whatever. Eurogroup Announces Surprisingly Early Press Briefing - Live Feed Stay on your toes and be ready to follow their lead. 

  On  to the lie - 

The charts will be back. After some soul searching this weekend, I'm beginning to wonder if the charts are actually doing a disservice to the STB readers. Every time a chart is posted it maintains your focus on the market and distracts you from reality. I get it that each of you have various needs and reasons for being in the market. To some of you it is a complete necessity, some manage retirement assets, some for fun, others for whatever reason - bottom line is we are all involved in the greatest farce ever perpetrated. 

The global economic and financial systems have been highjacked by the elite. Your funds are not yours anymore unless you remove them from their system. Who wins every time a short gets slaughtered? Who wins when you win, your asset base increases and you leave it in their system? The only way for you to win is to take your profits and run, run all the way out of the dollar. This is the way to win.


Freedom watch - 

Laws? Who needs laws - 

“This should be an easy case,” he said earlier this month regarding the latest legal showdown over the Affordable Care Act. “Frankly, it probably shouldn’t even have been taken up.”

More to come below. 

Have a good week. 

GL and GB!

Open Weekend Post 06/20-21/2015

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

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

Will Greece blow up? Stay tuned as this never ending super thrilling saga draws out even longer!

 

Everyone have a great Father's day weekend. 

GL and GB!

Morning Non-charts 06/19/2015 SPX /es

Not much to say other than Greece is in the balance (or so we're lead to believe). There is waaaaaay too much calm out there for my taste. Complacency breads .... well, you know. You've heard me moan about taking profits at the top all the way out of their system (the Greeks are at a point where getting anything all the way out is imperative). Maybe if some wigged out blogger like me is not credible, why don't we at least entertain a large fund manager, 

Storfaelt says going with the flow is starting to look risky. "There are clear advantages to going against the herd at the moment,” he said.“You get more return taking less risk by not joining a herd that goes for an asset without fundamental backing.” Ultimately, investors are aware of the disconnect between fundamentals and valuations, so they’re “trigger-happy.” That means they’re ready to “reverse as soon as things shake a little,” he said.

On to the lie - 

A week without charts has been refreshing and enlightening to me. I apologize for any inconvenience. They will be back I promise. I have enjoyed the chartless perspective, possibly too much. (I actually have had my trading platform charts FYI). It's cleared my head, taught me to take other foregone angles and see things from other perspectives that can't be ignored. It's been a good exercise personally. Sorry you had to endure it. I believe I will come out of this better or more confident in directional calls.

Pretty simple, at the top of my range near 2120. Price really should make it to a new ATH (they are batting 1,000 when crossing the STB bull/bear line since the year 2010). They don't like staying above the DoD long though (which they are above now). It will be a quick round trip if they do manage to pop it up.

I hate the lack of fear here. It's really disgusting and ultimately bubbleiscious. Be my guest, bet against team manipulation if you dare. I believe you can't bet ahead of them, you must follow their lead. Don't fret about missing the first move, there will be plenty there (either way) for the heard to feed on. Remain patient, have a plan, react and then watch it like a hawk. 
 


Freedom watch - 

Gun control is coming again. Yea!

More to come below. 

Have a good weekend. 

GL and GB!

Morning Non-charts 06/18/2015 SPX /es

So the Fed is ready to raise rates (they have been for two years now in case you missed it), and Greece is facing "ungovernable chaos", oh joy! Meanwhile unfavorable jobs and economic data continue to roll in. If you can make any sense of this, let me know. 

The more I see things the more I truly believe that the Fed is losing control if it has not already lost control of almost everything (but market manipulation of course). The juggling act as I have referred to it over the years now has too many grenades in the air. Once a juggler misses one catch, we all know what happens to everything else that's up in the air.

The Fed yesterday was a complete farce. Now we have Greece dodging bullets today (and through the weekend). Of course our markets are acting as if there are no problems anywhere and showing little fear. Well, what we still call markets, when nothing is real and corruption and complete manipulation dominate the scope, appearances can be deceiving.


On to the lie - 

Charts will be back - I promise. Sorry for the delay. As you can prolly tell from my personality, I'm a bit stubborn. The problem is me relenting. I will, soon. 

There really is nothing to see.  We have the standard situation. Months of the red wedge build up, it breaks down, markets are set for massive and deserved failure, the Fed and the PPT relent and guess who wins? Right now price is basically in the middle of the really wide range from 2120 down to 2072 I mentioned yesterday. Markets are becoming overbought near term with a small rising wedge defying gravity over the past two days. 

Bottom line is you are left trading news and left wondering if TA is correct or not. You're chasing the white rabbit. That's a very dangerous situation.

Freedom watch - 

White man kills 9 at african-american church. This should be a massive warning signal. Inside job or FF, I do not know. Bottom line is this is a perfect play for the globalists to try and ignite discord in the US.


US Open at Chambers Bay starts today. Should be an exceptional watch as the best in the world are made to look human.

More to come below.

Have a good day. 

GL and GB!

Morning Charts 06/17/2015 SPX /es

Greek drama - nothing more. About the only question I have is - if they have us focused here so intently, then what is happening in their 'other hand'. Misdirection is their best trick.

This about covers all the drama for today - Bank Of Greece Pleads For Deal, Says "Uncontrollable Crisis", "Soaring Inflation" Coming 

UK draws up contingency plan as Bank of Greece warns of 'uncontrollable crisis' - live updates


On to the lie - 

No charts again today. My stubornness is my burden. Principled to a pain you can say. I'll get the charts back, after I've at least tempted to make my point (again - that's the problem). Now we're deep into the customer service aspect of a 6 year HoF SC member - I want some respect. 

Patience grasshoppers. We're stuck in a wide range from 2115 down to 2072 on SPX and we won't leave that range. Markets are news driven and this week we'll get plenty with Greece dominating the headlines. If I had to guess, I'd say we're in for a scare that may take us possibly as low as 62, but that will only be to set up shorts for slaughter. That would be their SOP. If 62 cracks, then the story may have a twist and much more serious downside would be in order. Has the Fed lost control? That's a damn good question. 


Freedom watch - 
 
Obama Prepares More ‘Executive Actions’ On Global Warming

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/16/2015 SPX /es

Well, I guess my focus and harping on Greece for the past few months is paying off. See, but don't freak out about, "Lehman Weekend" Looms For Greece As Europe Readies "Emergency" Sunday Meeting. Remember, unless they are ready, Greece can't fail yet. That is unless they truly don't have control of anything, and if that's the case we're about to start a spiral down that not even Hani Hanjour could pull us out of.

 
On to the lie -

Sorry, no charts again today. My CC issue with SC is dragging. Trust me, it's more of a pain for me than you. Sorry for the inconvenience. 

Flying by the seat of our pants yesterday we gauged things pretty good. A fall to the SPX 85 support and just stuck there. This morning It appears she's gonna start at or near yesterday's lows. The 100dma is the key here and that needs to be monitored for key support. 2062 is the next big deal below 83. 

News, all you can do is react to the news. Nothing more. 

More signs pointing to a collapse this fall. Bank Of America Begins 66-Day Countdown Until The "Ghost Of 1937" Returns.

Comes now a Pew Research Center survey that reveals the United States is de-Christianizing at an accelerated rate. - See more at: http://americanfreepress.net/?p=24980#sthash.rhbqfUG8.dpuf

Freedom watch -

De-Christianizing America

De-Christianizing America

De-Christianizing America

De-Christianizing America

I suggest reading De-Christianizing America. STB since early 2012 has been on this horrifying trend which sadly can only lead to the ultimate worst case scenario.

De-Christianizing America

"Comes now a Pew Research Center survey that reveals the United States is de-Christianizing at an accelerated rate"

Comes now a Pew Research Center survey that reveals the United States is de-Christianizing at an accelerated rate. - See more at: http://americanfreepress.net/?p=24980#sthash.rhbqfUG8.dpuf

Comes now a Pew Research Center survey that reveals the United States is de-Christianizing at an accelerated rate. - See more at: http://americanfreepress.net/?p=24980#sthash.rhbqfUG8.dpuf

Comes now a Pew Research Center survey that reveals the United States is de-Christianizing at an accelerated rate. - See more at: http://americanfreepress.net/?p=24980#sthash.rhbqfUG8.dpuf

Comes now a Pew Research Center survey that reveals the United States is de-Christianizing at an accelerated rate. - See more at: http://americanfreepress.net/?p=24980#sthash.rhbqfUG8.dpuf

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/15/2015 SPX /es

The Greek drama continues. We're at their mercy. All you can do is react. Bottom line - are they ready to stare down the consequences of a grexit or default (like an actual non-funded default). If so, game on. If not, SSDD. So we sit back and wait.


On to the lie - 

Sorry for the lack of a chartbook this morning. Having some billing issues with Stockcharts (this happens at least once a year it seems). Unfortunately they are not as responsive as one would like to deal with customer issues. I'll have the charts back up as soon as that gets cleared up. I apologize for the inconvenience. 

Bottom line is all the support  - the dma's and diagonals. Price is set to fall back to that 2083 support zone. Surprisingly they could not maintain the ramp to new ATH. This "struggle" is new to the Fed. The game is changing up here in the rarefied air above 2000 feet. 




Freedom watch - 

Nothing in this world says, "I trust my federal government more than ever" than - Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"
Now if TX is doing this, then how are you feeling about your finances behind the "gates"?



More come below.

Have a good week. 

GL and GB!

Open Weekend Post 06/13-14/2015

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

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

I'll get into the chartbook and update some stuff. 


Have a good weekend. 

GL and GB!

Morning Charts 06/12/2015 SPX /es

Early or possibly only post. Got ac folks at the house and kids everywhere, so I'm kinda covered up this morning.  I'll get some charts in the comments below later when I make it into the office.

Maybe some of the Greek luster was lost with the IMF backing off. It's all a bunch of crap. One big soap opera to keep you engaged.  We all know what's real and the truth.



More to come below.

Have a good weekend.

GL and GB!

Morning Charts 06/11/2015 SPX /es

They are trying to put Greece to bed. They are liberally administering tryptophan to market participants and watchers. Pay no attention to anything your government is doing. Everything being done is to protect you. The markets are making you all rich. Your pension and 401k plans are safe. Go be free. Go spend money you don't have and max out your credit cards. All is well. The recovery may have hit a bump, but corporate buybacks will continue as corporations continue to lay off workers to fund them. We have the QE4 backstop. Get long, get all you have in the market now. 

Turning point - Last night Mrs. STB uttered these words, "I've heard that you have to be a complete idiot not to be making money in this stock market." Now that's a bubbleicious statement.

On to the lie -

SPX Daily - Moves to the 100dma usually generate .....

 
SPX Daily - 13/34 bear cross means almost only one thing - Up.

Freedom watch - 

Well this should hit your radar - So the greatest libtard leader of all time is expanding his attack on healthcare to the world thru TPP?

TPP - Big Pharma Revealed As Puppetmaster Behind TPP Secrecy

"foreign governments and health care activists have accused pharmaceutical giants, mostly based in the United States, of protecting profits over public health, especially in poor countries where neither the government nor consumers can afford to pay rates anywhere close to those charged in wealthier nations."

And what's up with this? House votes to repeal country-of-origin labeling on meat. Now I don't even feed my dogs meats from other countries, but this ..... I think it is supposed to sound positive when it isn't - 

"The House voted 300-131 to repeal labels that tell consumers what countries the meat is from — for example, "born in Canada, raised and slaughtered in the United States" or "born, raised and slaughtered in the United States.""

 


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/10/2015 SPX /es

Whatever ..... Not gonna waste my time or breath on market commentary today. See charts below and you'll get why I'm slightly dismayed.


On to the lie - 

How they are holding this thing up is beyond me, it defies reality and all historical precedent. When (not if) this thing turns it will not fall, it will collapse.
SPX Monthly - 
 

SPX Weekly - 

SPX Daily - 

SPX 5m - The potential IHnS I was looking at yesterday. 

Freedom watch - 

See Drudge for TPP information. 

Cause this is the world you now live in. We should be glad that at least we have the perception we're free. We're NOT! Obama Goes Full Stalin: Tells Secret Court To Ignore Law He Signed 4 Hours Earlier, Extend Illegal NSA Surveillance.

"the NSA's espionage activity is above the law, any law."

Bilderberg 2015 - You should see this if you have any interest in what your leaders are planning for your future. Now be good little sheeple and don't pay any attention to or even listen to any of this.




More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/09/2015 SPX /es

This strikes me as a bit strange. Why, in a world with a Fed backstop, where we're in full recovery mode, market prices are near ATH's - if things are so bright and the future is so secure, then why would not investment banks be adding employees? This is an astounding figure - HSBC To Fire 50,000, One In Five Jobs, To Fund Dividends To Shareholders.

"what better way to celebrate a global "recovery" than by laying off 20% of one's workforce?"

Look folks - all I can do is report the news and try and put the pieces together where you can research the details and make an informed decision about where we're headed. At this point you don't even need a GED or be able to do common core mathematics to be able to figure this one out. 

On to the lie - 

See - AP analysis: More 'phony numbers' in reports as stocks rise

 "An analysis of results from 500 major companies by The Associated Press, based on data provided by S&P Capital IQ, a research firm, found that the gap between the "adjusted" profits that analysts cite and bottom-line earnings figures that companies are legally obliged to report, or net income, has widened dramatically over the past five years."

SPX Daily - Several things on this daily chart. First, the wedge we looked to form back in late September has either played out and is failing or 'they', for a 5th or 6th time, are looking to reset the lower diagonal to extend the life of the wedge. The extended negative divergences are evident. The narrowing of the BB's and the break of the lower BB should indicate more southward action. The failed breakout of the ascending triangle, which is now either in an underthrow or failure situation, is about the only thing (other than manipulation) that gives me any reason to question a further move south.

SPX Daily - With wedge support gone, the only support left here is the 100dma and the blue LT channel support.

SPX 60m - 62 next support and you know that I believe below there is where some serious sell stops lie.

SPX 30m - Not many pos divs on that 60m chart, but the 30m has a double pos div situation with an underthrow happening and only worsening with the weakness before the open today. The main thing here to me is the violation of that blue channel support. I used this support to call the last couple of major lows. this support breaking don is not good for bully. My first target of 85 was met, now 62 lies next.

 
Freedom watch -  

Billionaire Cartier Owner Sees Wealth Gap Fueling Social Unrest

"“We cannot have 0.1 percent of 0.1 percent taking all the spoils,” said Rupert, who has a fortune worth $7.5 billion, according to data compiled by Bloomberg. “It’s unfair and it is not sustainable.”"

As for our UFO - For the second time, supersonic parachute fails on NASA's 'flying saucer'


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/08/2015 SPX /es

Let me see, three of my favorite topics - 

Greece -

With Greece "Everything Must Go Right From Now On" To Avoid Market Shock

"In any case, we believe it is clear that without receiving further aid, Greece will not be able to pay €3.4bn that is due to the ECB on 20 July."

Manipulation - 

DOJ Launches Probe Of Treasury Market Manipulation

"This matter involves the egregious manipulation of the U.S. Treasury futures markets trading at the Board of Trade of the City of Chicago (“CBOT”), a designated contract market and a wholly-owned subsidiary of CME Group, Inc. (“CME Group”)"

and for good measure 


Capital Controls - 

"Literally, Your ATM Won’t Work…"

"Our advice: Keep some (cash) on hand. You may need it."

On to the lie - 

SPX Daily - The failure of the Fed to be able to execute and sustain the last two overthrows (black dashed vertical) as the red wedge breaks down while support (blue and 100dma) climbs from underneath into this serious resistance (DoD and backtest) should mean only one thing with all those negative divergences.

Freedom watch - 

Because it's real - 

Bilderberg 2015: Full Attendee List & Agenda





Also -
Our own flying saucer? Well, we're gonna try and fly something new tonight - check it out here.

More to come below. 

Have a good week. 

GL and GB!

Open Weekend Post 06/06-07/2015

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


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

Great week on the blog. Commentary was exceptional. Thanks

I'll check the chartbook to see if there is anything worthwhile.





I found this video quite interesting/disturbing. Really seeing the persecution of Christianity, the 1984 utopia coming and social engineering increasingly evident I stumbled on this. You can start watching at the 1:00 mark and only place you in the last 30m. If you want to see the rest be my guest. remember my first post of 2012 - God is dead? Scarry thought. It's not the subject of the debate or resolution of it that concerns me in this instance, it's the ability to debate that's being lost that is horrifying.




Have a good weekend. 

GL and GB!

Morning Charts 09/05/2015 SPX /es

Payrolls rock? Green light for Yellen? Whatever. Just watch Greece.

 
On to the lie - 

SPX 30m - Looks like I may get my range if the open cooperates with where the futures are. 

SPX Daily - See the support points.

Freedom watch - 

Not on Friday's unless something is really messing up. Well, everything is really messing up, you know what I mean.



More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 06/04/2015 SPX /es

Something is happening with Greece - if any of you can figure it out please let me know below - I can't make head or tails of what's going down. That Draghi ramp lasted long didn't it? I tell you what, he's the best short signal out there. His ramps have the lifespan of a particle in the Large Hadron Collider.



On to the lie - 

SPX 30m - Someone, I forget who, said yesterday that this move south had a chance at getting back to 00. We'll have to see what happens at the open. What happens at 00 is the key.That lower blue channel support and the area from 85 to 80 is key support.

Freedom watch - 

Don't Underestimate the National-Security State
The sunset of Patriot Act provisions is a symbolic victory, but an inadequate response to post-9/11 surveillance policy

"Americans concerned by mass surveillance and the national security state’s combination of power and secrecy should keep worrying."

 

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/03/2015 SPX /es

Greece and Draghi - nothing more to see here - move along.


On to the lie - 

SPX Daily- One slip, just one, that's all we need to throw the door wide open. That mat be asking a lot when you can pull Draghi or any Fed president out on a whim, but Greece could provide us bears just what we need.

 
Freedom watch - 

This post will take a while to read just the headlines -  How low can we go?  Systemic Corruption Has Destroyed America




More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/02/2015 SPX /es

Well, I think me harping on Greece for the past few months is being justified. Moar Greece deadline 11th hour mania - been there - done that - what 5 or 6 times now? Guess what? We prolly got three more instances coming in the next three months, so get used to it. The Fed loves it. Why? Cover, distraction, misdirection, bad=good, all the above. About all you can do is wait, watch and react. With everyone, I suspect some sort of rabbit out of the ass hat solution that pacifies every market, buries the real issues even deeper and fraud business as usual will persist. Which bullet will Neo not dodge is the big question? Or, which bullet will Neo intentionally take?

On to the lie - 

SPX Daily - Like charts matter, well, we will cover them anyway. I still contend that in the end TA will be ultimately correct. No matter how hard you try or how much you manipulate the data the numbers will never lie. 

Attempted overthrow failed thus far - the biggest thing I'm seeing is the severely narrow BB's indicating severe volatility to come sooner than later. 

Freedom watch - 

And as we've discussed  - the false flags are coming. Expect these instances, real or not, to increase in frequency over the summer. Multiple bomb threats about US aircraft in the air.
 
I highly suggest you read Government Wipes Recent Vaccine Injury Data from Website and see this.

"In March, the federal government removed the latest vaccine injury court statistics—more than a year’s worth of data—from one of its publicly reported charts. It was an abrupt departure from the normal practice of updating the figures monthly."

More to come below. 

Have a good day. 

GL and GB!

Morning Charts 06/041/2015 SPX /es

Greece - it's all about Greece right now. Just go read all the headlines at Zero Hedge for all the latest - they are all over the place. From billions owed to bank runs to administrative overthrow (feds need a yes man in place), this is a total mess. I've been harping on Greece for a couple of months now, I don't expect this will stop anytime soon.


On to the lie - 

SPX Daily - Nothing looks positive here. Has not for a month. Then again, as we all know, looks can be deceiving. 

SPX 60m - 

Freedom watch - 

This is good - yes, the rare occurrence of STB reporting good news is happening - Senate takes up House bill but fails to avoid spying lapse.

"But that move didn't happen soon enough to prevent expiration of legal authority for the programs from expiring at midnight Sunday as Republican Sen. Rand Paul, a presidential contender, stood in the way of extending the program, angering his GOP colleagues and frustrating intelligence and law enforcement officials."

I also suggest you read - There Is A Disturbing Anti-Freedom Trend Sweeping Across The West.


And they are coming for our guns again - Obama’s Justice Dept. is proposing new firearm regulations, including more restrictions on gun ownership. 

“It’s clear President Obama is beginning his final assault on our Second Amendment rights by forcing his anti-gun agenda on honest law-abiding citizens through executive force,” Luke O’Dell, the vice president of political affairs at the National Association for Gun Rights, told The Hill.

More to come below. 

Have a good week. 

GL and GB!