Thursday, August 6, 2015

Morning Charts 08/06/2015 SPX /es

Pretty sure most of you have seen this but if not then take a look. 8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent. The list of immanent doomers is growing at a rather startling pace. To discuss such an event is sacrilegious to and a real CLM in the financial world. How dare they question the authority or challenge the Fed's eminence. The truth hurts. No one wants to hear it or even consider it. Sorry, but those that can see the light and do what is necessary to prepare will be the real winners in the hard times to come.

On to the lie - 

Just hanging on till the Fed gives direction. Bad=Good still the main directive. My question is what data does the Fed need to raise rates? I'd expect to see data (real or fake ... well, fake) that will allow such an event. 

SPX Daily - Still in consolidation mode waiting on jobs and Fed clarity. It's not often you see the 20, 50 and 100 dma's wrapped up in a nice and tidy bundle. Usually when this happens we're at some sort of important top or bottom.

Freedom watch - 

Trump tonight! What sort of made for TV reality event do we get tonight from the GOP? The man that speaks the truth and calls out the establishment vs. a bunch of career politicians hit the stage. This could get really good.

More to come below. 

Have a good day. 

GL and GB!

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