Monday, August 3, 2015

Morning Charts 08/03/2015 SPX /es

Often discussed here at STB in the comments section - Bullish/Bearish indicators - what does sentiment mean today? Well, as usual I poo poo most anything that has any sort of number derived from government or market sources (which is about every number). I'm not sure anything can be believed today (and most of you agree with that). 

So, what do we do? Well, in olden days we'd all follow the road signs and have a high degree of probability in being correct. Today IS different in the bad = good or good = bad world they have manufactured. You tell me, what does a market signal that says buy mean in a way overbought, controlled, volume less, lack of liquidity driven market that functions more on reactions to news than fundamentals? 

LOL! Citadel barred from trading in China? If that happened here we might as well close the doors and all go home.
On to the lie - 

SPX Daily - Range bound - its a large range, but appears to have lost the ability to lift.

Freedom watch - 

I think we were there first, but ... Have you noticed that there is a tremendous amount of Internet buzz about the month of September 2015?

More to come below. 

Have a good week. 

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.