Monday, August 10, 2015

Morning Charts 08/10/2015 SPX /es

The bad = good meme is alive and well and has apparently now spread across the globe to China. We all are well versed that across the globe the PPT (Plunge Protection Team) phenomenon has spread faster than kudzu along an interstate. Can a market fall today? Is it possible? Is it even allowed? 

How many billions has China pumped into their markets (not to mention laws against selling, short selling threatening jail and worse to those that go against government market supporting mandates) over the last month? A better question is where does the money to support markets come from? Well, they are dumping US treasuries of course. Maybe you should read this to understand The Story Of America's Debt In 6 Easy Graphics. It will ease your mind about the almost $19 trillion we owe (not).

On to the lie - 

Well, what did you expect? For them to allow the 200dma to get abused along with two or three other critical support points? Not so fast my friend. 

SPX Daily

Freedom watch - 

Gun control and the thought police are getting geared up again - here comes Ferguson v 2.0. Just see Drudge.

More to come below. 

Have a good week. 

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.