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!
Friday, January 29, 2016
Morning Charts 01/29/2016 SPX /es
OK, following the bouncing ball is more like trying to follow a ricocheting bullet - just see all the headlines on BOJ intervention this morning at Zero Hedge. I'm not about to try and piece it all together.
On to the lie -
End of the month. Gonna be one nasty candle on a monthly chart.
SPX 60m -
SPX Monthly - Nasty no matter how you look at it.
Freedom watch -
Not on Fridays.
More to come below.
Have a good weekend.
GL and GB!
On to the lie -
End of the month. Gonna be one nasty candle on a monthly chart.
SPX 60m -
SPX Monthly - Nasty no matter how you look at it.
Freedom watch -
Not on Fridays.
More to come below.
Have a good weekend.
GL and GB!
Thursday, January 28, 2016
Morning Charts 01/28/2016 SPX /es
No post this morning. Sorry. I have board meeting. I'll be in by 10:30.
I have no clue on direction. From the 2134 and 2115 top I've had 1871 as my low target thinking they'd do all they could to protect the Bullard low. Seven times they hit that number but only once did it crack and not for long. As I've shown on my weekly chart there is a big dark hole all the way to 1575 and a potential HnS that goes to 1600. The only thing left to stop price is the weekly 200ma at 1785. Everyone is freaking out. Everything sucks. It is one giant cluster frack right now, and it ain't gonna get any better anytime soon.
As we always discuss everything depends on intervention. It's all rigged. Nothing is real and their veil over the rot is the market. If they let it fail then their gig is up. They are not ready or in position for the market to fail at this time. They are really between a rock and a hard place. Im not sure they can let it run to 1575 and keep us all in the game. They have to act now.
Grandma was no real help yesterday. Draghi does no good and China and Japan are worthless in the intervention threat. Oil drives the buss now and that just adds to the craziness. Protecting the petrodollar is everything. Monetizing debt is out of hand. We let China buy up all the gold. Russia has outplayed us in the Middle Eas, and we gave Iran everything.
I'm not going into the laundry list of things that constantly worry me now. We're really up the creek. Right now all you can do is continue to play the intervention game and try your best to follow their lead. It's nuts. You are playing a rigged game in a broken market with corrupt leaders running the show that have end game agendas we can't even fathom. Why any of us still have any funds in the casino is beyond me.
More to come below.
Have a good day.
GL and GB!
Wednesday, January 27, 2016
Mornng Charts 01/27/2016 SPX /es
Fed Day! Oh, boy! Oh boy! Oh boy!
No commentary needed for today. Get ur popcorn and a comfy seat. Have your bets ready and finger on the trigger. To see the immediate effect that Fed/Intervention speak has on markets see the chart in this post.
On to the lie -
Nothing matters here. If it goes up the technicals had nothing to do with it, it will just appear that way. It's all about what Grandma has to say. This chart is basically just for appearances only.
SPX Daily -
Freedom watch -
Bundy blow up. Gonna have to let this develop, but my gut says these boys were to smart and paranoid to do something that would induce a shootout. I smell a rat.
I like the way this guy thinks - Ex-Navy SEAL lawmaker: Iranian capture of sailors 'doesn't add up'
More to come below.
Have a good day.
GL and GB!
No commentary needed for today. Get ur popcorn and a comfy seat. Have your bets ready and finger on the trigger. To see the immediate effect that Fed/Intervention speak has on markets see the chart in this post.
On to the lie -
Nothing matters here. If it goes up the technicals had nothing to do with it, it will just appear that way. It's all about what Grandma has to say. This chart is basically just for appearances only.
SPX Daily -
Freedom watch -
Bundy blow up. Gonna have to let this develop, but my gut says these boys were to smart and paranoid to do something that would induce a shootout. I smell a rat.
I like the way this guy thinks - Ex-Navy SEAL lawmaker: Iranian capture of sailors 'doesn't add up'
More to come below.
Have a good day.
GL and GB!
Tuesday, January 26, 2016
Morning Charts 01/26/2016 SPX /es
When I say watch the news, well, make sure you include everyone's contrarian indicator - Is This Why Futures Soared Overnight?
On to the lie -
SPX 5m - Met resistance, broke support, held support, broke support and finally held support. Price at a very precarious spot with only the hope of Grandma going doveish potentially keeping price from falling as low as 1575. Potential right shoulder forming here to finish a potential inverse head and shoulders. At this time I remain bearish (note: I really can't see a time in the near future when I'll be otherwise) while waiting on directional clues from the Fed.
Freedom watch -
It's what it is going to take to get our country back - Is There A "Fourth Revolution" On The Horizon In America?
More to come below.
Have a good day.
GL and GB!
"things are not yet “cheap” enough to warrant even nibbling at equities."Emphasis on contrarian. Markets will continue to wait on Grandma tomorrow. What she says is all that matters.
On to the lie -
SPX 5m - Met resistance, broke support, held support, broke support and finally held support. Price at a very precarious spot with only the hope of Grandma going doveish potentially keeping price from falling as low as 1575. Potential right shoulder forming here to finish a potential inverse head and shoulders. At this time I remain bearish (note: I really can't see a time in the near future when I'll be otherwise) while waiting on directional clues from the Fed.
Freedom watch -
It's what it is going to take to get our country back - Is There A "Fourth Revolution" On The Horizon In America?
More to come below.
Have a good day.
GL and GB!
Monday, January 25, 2016
Morning Charts 01/25/2016 SPX /es
This pretty much sums it all up -
For those with the strongest stomachs - Michael Pento-Devastating Metastasizing Global Depression On its Way
And as RC and some of the really old time STB readers will verify - Along with the STB "event" I also predicted massive global default in 2010.
On to the lie -
Fed speak this week (Wed) should keep everything somewhat contained I'd believe. IMO, there is a chance if we see the rally continue then the Fed will deliver bad news.
Worth looking at - What The Charts Say: "Similar Topping Process To 2000 & 2007"
OK, charts are trying to point up, but everything else says down. Bottom line is things are totally nuts. As it has been for years, the markets are fine while the rest is a total disaster area. How long they can keep the charade alive is the only question.
Bottom line is everything is a total crap shoot, one big lie, till it all breaks.
SPX 30m - For the bear in you.
SPX 5m - For the bull in you.
Freedom watch -
They nail it - starting at 3:25 they lay it all out - 2016 X-FILES EXPOSES ELITE'S GENOCIDAL PLAN: FROM GLOBAL BANKING COLLAPSE TO ALIEN DECEPTION
The scariest part - they hide things in plain sight. They tell you what they are going to do before they do it. While the series should be really good, I suggest you watch it for other reasons. The CIA's influence on Hollywood is no secret. This may be the ultimate info/disinfo scheme they've ever done.
More to come below.
Have a good week.
GL and GB!
"The stage has already been set. The East knows the West has bankrupted. They know we have no gold left because they have it! They can see the finances of the various cities, states and federal government. They know the situation in derivatives is one giant mountain of dynamite waiting for a spark. They know our rule of law is gone and bail ins of depositor funds is next. We are monetizing their sales of Treasury securities. “We” are fooling no one except ourselves."
For those with the strongest stomachs - Michael Pento-Devastating Metastasizing Global Depression On its Way
And as RC and some of the really old time STB readers will verify - Along with the STB "event" I also predicted massive global default in 2010.
On to the lie -
Fed speak this week (Wed) should keep everything somewhat contained I'd believe. IMO, there is a chance if we see the rally continue then the Fed will deliver bad news.
Worth looking at - What The Charts Say: "Similar Topping Process To 2000 & 2007"
OK, charts are trying to point up, but everything else says down. Bottom line is things are totally nuts. As it has been for years, the markets are fine while the rest is a total disaster area. How long they can keep the charade alive is the only question.
Bottom line is everything is a total crap shoot, one big lie, till it all breaks.
SPX 30m - For the bear in you.
SPX 5m - For the bull in you.
Freedom watch -
They nail it - starting at 3:25 they lay it all out - 2016 X-FILES EXPOSES ELITE'S GENOCIDAL PLAN: FROM GLOBAL BANKING COLLAPSE TO ALIEN DECEPTION
The scariest part - they hide things in plain sight. They tell you what they are going to do before they do it. While the series should be really good, I suggest you watch it for other reasons. The CIA's influence on Hollywood is no secret. This may be the ultimate info/disinfo scheme they've ever done.
More to come below.
Have a good week.
GL and GB!
Friday, January 22, 2016
Open Weekend Post 01/23-24/2016
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
You need to watch this and give it heed.
Have a good weekend.
GL and GB!
If you see it, share it. I will as well.
You need to watch this and give it heed.
Global Cooling Forecast 2020-2030 Full Societal Collapse | Mini Ice Age 2015-2035
Have a good weekend.
GL and GB!
Morning Charts 01/22/2016 SPX /es
I'm really not sure what else to say. The multi-year STB mantra "Follow the Fed" is about all there is to it. No need to BS you and try and make you think I'm some sort of market genius. It's really simple. Pay friggin attention to the NEWS! Know when they speak and the tone of their speak, and you will have the markets mastered. Global Stocks Surge, Oil Soars As Hopes For Central Bank Stimulus Return and this What Sent Stocks Soaring Overnight: DB's Jim Reid Explains cover all the bases.
One day this will stop. They will saturate the system. The diminishing returns are already setting in on stimulus programs. Reality is coming to light as we begin to notice things are not what they say they are. It's just a matter of time now. How long can they hang on? That is the only question left. Apparently the STB "event" is going to be a must to take control from the global elites.
On to the lie -
SPX 60m -
SPX 60m -
SPX 5m - Several ways to technically look at the breakout this morning - the neckline of the steeper neckline had a backtest and now the breakout, or a larger RS of the horizontal neckline will complete with the move up this morning. targets are the black fibs. The green shaded area are the fibs off the major tops.
Freedom watch -
Not on a Friday
More to come below.
Have a good weekend.
GL and GB!
One day this will stop. They will saturate the system. The diminishing returns are already setting in on stimulus programs. Reality is coming to light as we begin to notice things are not what they say they are. It's just a matter of time now. How long can they hang on? That is the only question left. Apparently the STB "event" is going to be a must to take control from the global elites.
On to the lie -
SPX 60m -
SPX 60m -
SPX 5m - Several ways to technically look at the breakout this morning - the neckline of the steeper neckline had a backtest and now the breakout, or a larger RS of the horizontal neckline will complete with the move up this morning. targets are the black fibs. The green shaded area are the fibs off the major tops.
Freedom watch -
Not on a Friday
More to come below.
Have a good weekend.
GL and GB!
Thursday, January 21, 2016
Morning Charts 01/21/2015 SPX /es
Well after Dalio Says QE4 Just Around The Corner yesterday, today we get What Will Mario Draghi Say Today: Thoughts Ahead Of The ECB Announcement
STB's "event" has not happened quite yet. Close, but not yet. We may need this before we can get real catastrophic failure. Something has to take control of the market from the Fed. Until then, I don't think we get true carnage.
On to the lie -
There are some theories and thought on what sort of intervention cause the reversal yesterday, when and why. I'm not sure why they chose where they did. Bottom line is they had to stop the slide. this was not a 'natural' action.
SPX 30m - Main thing to consider is the backtest of busted major resistance at the close yesterday. Failure here could be catastrophic.
SPX Weekly - Looking at the weekly chart you can clearly see the busted resistance that should theoretically be backtested before a true move south should occur. 1871, 1900 and 1920 are the three key backtest areas I'll be watching for key reversal points.
Freedom watch -
Must read - The 21st Century: An Era Of Fraud — Paul Craig Roberts
More to come below.
Have a good day.
GL and GB!
"Rhetoric can include anticipation of deeply negative interest rates and upsized QE, for future meetings."It's still all about 'them' and what 'they' want. I highly suggest you pay attention to their rhetoric and the market's reaction to it. This should take precedent and drive most every trade decision you make. Just MHO. What have I said for years? Ah yes, follow the Fed.
STB's "event" has not happened quite yet. Close, but not yet. We may need this before we can get real catastrophic failure. Something has to take control of the market from the Fed. Until then, I don't think we get true carnage.
On to the lie -
There are some theories and thought on what sort of intervention cause the reversal yesterday, when and why. I'm not sure why they chose where they did. Bottom line is they had to stop the slide. this was not a 'natural' action.
SPX 30m - Main thing to consider is the backtest of busted major resistance at the close yesterday. Failure here could be catastrophic.
SPX Weekly - Looking at the weekly chart you can clearly see the busted resistance that should theoretically be backtested before a true move south should occur. 1871, 1900 and 1920 are the three key backtest areas I'll be watching for key reversal points.
Freedom watch -
Must read - The 21st Century: An Era Of Fraud — Paul Craig Roberts
More to come below.
Have a good day.
GL and GB!
Wednesday, January 20, 2016
Morning Charts 01/20/2016 SPX /es
Well, I told you to start looking for moar and that sooner than later this would come - "If Assets Remain Correlated, They'll Be A Depression": Ray Dalio Says QE4 Just Around The Corner. I said "never" would they raise rates, and if they did it would be the biggest mistake ever and it would not last long -
On to the lie -
The laws of physics don't apply here anymore. This is the wild west. Lot's of prostitutes and corruption and the few good sheriffs are exonerated or killed off. You are on your own. I can tell you what the charts say, but in this new normal that can or can not mean anything.
SPX Weekly - You will prolly get tired of seeing this chart over the next few weeks. 1871 support above the black hole to 1575. The only stopping point is the weekly 200ma at 1782. Critical, very critical support is barely hanging on here, and the blue channel support, support off the 667 low has busted.
Freedom watch -
I'm sure many of you wonder why the Hildabeast is not in jail and even allowed to run for president - the government is out of control and totally corrupt. Not related to HRC but demonstrating their total disregard for the law - IRS Erases Hard Drive Despite Court Order
More to come below.
Have a good day.
GL and GB!
"Ray Dalio on Wednesday and unsurprisingly, the “zen master” again predicted the Fed will reverse course and embark on more QE."If it happens, it's at the top of the QE4 ramp that you want to run, don't walk, run like hell from this and everything related to the markets.
On to the lie -
The laws of physics don't apply here anymore. This is the wild west. Lot's of prostitutes and corruption and the few good sheriffs are exonerated or killed off. You are on your own. I can tell you what the charts say, but in this new normal that can or can not mean anything.
SPX Weekly - You will prolly get tired of seeing this chart over the next few weeks. 1871 support above the black hole to 1575. The only stopping point is the weekly 200ma at 1782. Critical, very critical support is barely hanging on here, and the blue channel support, support off the 667 low has busted.
Freedom watch -
I'm sure many of you wonder why the Hildabeast is not in jail and even allowed to run for president - the government is out of control and totally corrupt. Not related to HRC but demonstrating their total disregard for the law - IRS Erases Hard Drive Despite Court Order
More to come below.
Have a good day.
GL and GB!
Tuesday, January 19, 2016
Morning Charts 01/19/2016
The key words we're all looking for - moar - here is the first hint - we started looking for this last week as we knew it would come from somewhere sooner than later - Equities Soar, Oil Back Over $30 On Hopes For More Stimulus Following Disturbing Chinese Data.
QE - or the hope of QE is all that matters. Well, we all know how well 'hope' has worked over the past eight years.
On to the lie -
SPX Daily - Well, the last three times at this lever the reversal was quick and large. I think you have to look all the way up to 1990 if they can make it happen.I'll add that a breakdown here would trigger the potential large Head and Shoulders pattern that targets 1600 which is rather close tho 1575 which would be my next lower target.
SPX 30m - 4 weeks of falling markets, the worst start to any year and three weeks of positive divergences meeting critical support - well, the odds here the interventionists make a stand should be pretty good. Now, deserved or not, that's another question. Here we go again or it's different this time - which is it? 1940 -1950 is the first real resistance area. I've been wanting some sort of retracement. We want good form with at least the beginning of this fall. We want a healthier move south creating resistance points. Off of 2081 there is a clear 5 wave move. 1943 is the 38% retracement and the 61% is 1996. Both those numbers look really good for continuation points to the south.
Freedom watch -
h/t to DC - from yesterday's post - as he said Freedom watch! Oregon now seizing bank accounts of Christians who refuse to abandon their religious beliefs
More to come below.
Have a good week.
GL and GB!
QE - or the hope of QE is all that matters. Well, we all know how well 'hope' has worked over the past eight years.
On to the lie -
SPX Daily - Well, the last three times at this lever the reversal was quick and large. I think you have to look all the way up to 1990 if they can make it happen.I'll add that a breakdown here would trigger the potential large Head and Shoulders pattern that targets 1600 which is rather close tho 1575 which would be my next lower target.
SPX 30m - 4 weeks of falling markets, the worst start to any year and three weeks of positive divergences meeting critical support - well, the odds here the interventionists make a stand should be pretty good. Now, deserved or not, that's another question. Here we go again or it's different this time - which is it? 1940 -1950 is the first real resistance area. I've been wanting some sort of retracement. We want good form with at least the beginning of this fall. We want a healthier move south creating resistance points. Off of 2081 there is a clear 5 wave move. 1943 is the 38% retracement and the 61% is 1996. Both those numbers look really good for continuation points to the south.
Freedom watch -
h/t to DC - from yesterday's post - as he said Freedom watch! Oregon now seizing bank accounts of Christians who refuse to abandon their religious beliefs
More to come below.
Have a good week.
GL and GB!
Monday, January 18, 2016
Friday, January 15, 2016
Open Weekend Post 01/16-17/2016
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
Have a great holiday weekend.
GL and GB!
If you see it, share it. I will as well.
Have a great holiday weekend.
GL and GB!
Morning Charts 01/15/2016 SPX /es
Popular headlines today that we here at STB have been discussing for months or even years -
Where does everyone run for safety? The Dollar. No, that's not a joke. The world does actually run to a piece of paper printed on a printing press that is backed by nothing, not even a government. "I Don't Have Faith Anymore": Frustrated Chinese Shun Stocks For Safety Of Dollars, Gold
And what does this lead to? What's it all been about? Protectionism. Ron Paul Warns: "Watch The Petrodollar"
And maybe they are doing their best to answer STB's top question since prolly 2010 - What comes first, market crash or war? I'm on the war first side. Why? So the Fed and US government will have something to blame the collapse on. Financial Collapse Leads To War (Not to mention Obummer needs a legacy - or even a reason to cancel elections!
On to the lie -
What makes trading a collapse so difficult - it's almost aleap of faith - "Markets Crash When They're Oversold"
And I'll add my take on the Bullard Bounce 2.0 - Stocks Surge By Most Since September; Bonds, Dollar Flat, most here may remember back in the middle of last year I really started to harp on how foreign QE (Draghi, China, Japan) had lost it's luster and no longer had any real effect on the markets. Only true, real QE from the Fed (which everyone is waiting on) will have any bearing on price in the markets. Sadly, they may have lost their effectiveness with this tool now cause of the debt, the Fed's balance sheet and the rate hike.
SPX Weekly - Possibly the best chart I got. I'll look into making up some new charts that paint a better picture if I can. I did add a black hole to this charts to dramatize it just a bit. Think "event horizon' and the 'singularity'. We're about to get sucked in. I'll draw an even bigger one in when we crack 1575! These are just little baby black holes.
Freedom watch -
Not on a Friday.
More to come below.
Have a good holiday weekend.
GL and GB!
Where does everyone run for safety? The Dollar. No, that's not a joke. The world does actually run to a piece of paper printed on a printing press that is backed by nothing, not even a government. "I Don't Have Faith Anymore": Frustrated Chinese Shun Stocks For Safety Of Dollars, Gold
And what does this lead to? What's it all been about? Protectionism. Ron Paul Warns: "Watch The Petrodollar"
And maybe they are doing their best to answer STB's top question since prolly 2010 - What comes first, market crash or war? I'm on the war first side. Why? So the Fed and US government will have something to blame the collapse on. Financial Collapse Leads To War (Not to mention Obummer needs a legacy - or even a reason to cancel elections!
On to the lie -
What makes trading a collapse so difficult - it's almost aleap of faith - "Markets Crash When They're Oversold"
And I'll add my take on the Bullard Bounce 2.0 - Stocks Surge By Most Since September; Bonds, Dollar Flat, most here may remember back in the middle of last year I really started to harp on how foreign QE (Draghi, China, Japan) had lost it's luster and no longer had any real effect on the markets. Only true, real QE from the Fed (which everyone is waiting on) will have any bearing on price in the markets. Sadly, they may have lost their effectiveness with this tool now cause of the debt, the Fed's balance sheet and the rate hike.
SPX Weekly - Possibly the best chart I got. I'll look into making up some new charts that paint a better picture if I can. I did add a black hole to this charts to dramatize it just a bit. Think "event horizon' and the 'singularity'. We're about to get sucked in. I'll draw an even bigger one in when we crack 1575! These are just little baby black holes.
Freedom watch -
Not on a Friday.
More to come below.
Have a good holiday weekend.
GL and GB!
Thursday, January 14, 2016
Morning Charts 01/14/2015 SPX /es
STB in full digestion mode. Trying my best to figure all of this out. Waiting patiently for directional clues from the establishment (cause I'm conditioned to do so - for years they've been in 'won't let market break down' mode). I usually do a good job staying calm when everything else around us is blowing up. I'm a bit uneasy here right now cause the stakes are really high.
I'm able to be relaxed usually because charts have support and resistance, and these points are more often than not termination areas for larger moves. Major long term support diagonals, support points, resistance points - technicals still work. Price is a very structured creature and it will obey or at least acknowledge certain things (for a time). So I simply let price go to where it wants to go and then reassess.
That's all good and wonderful until you hit a crisis. Reassessing at a major support point in a crisis is another beast. From the SPX 2016 top it was fairly obvious given everything that 2064, 1990 and finally 1871 would be the major players. I've discussed the three major consolidation areas for months now. Well, price is sub 1900, broke the long term channel support off the 667 low and closed yesterday on the near term wedge support just above 1871 'Bullard' low.
The battle and failed reversal at the 1900 round number and subsequent breakdown was a big deal and has me now pondering the possibility of the Fed letting the market go. We're in a big time 'what if' scenario, cause if 1871 goes 1575 is the next stopping point. That's a lot for everyone involved to have to deal with or control. Or is the question now - can they control it?
Well, we have to sit back and let the market come to us. We need to follow, remain calm, let the play develop and then make offensive or defensive moves. This is not a point to be too one sided in your conviction. It used to be, it should be but this time may be different. The days of BTFD may be numbered.
On to the lie -
SPX Weekly - If support goes here, look out. Two prior SPX tops and the 38% retracement of the move from the 667 low lie at 1575 and that will be a magnet.
SPX Monthly - Watching that 10/20ma for a cross. As for that target box I've had there for at least two if not three years - Some "expert" just laid a SPX 550 target. That chart is sick.
SPX Daily - Very near term oversold with all indicators at or beyond reversal levels. Positive divergences are few, but a quick dip to 1871 will create some.
Freedom watch -
If You Don't Agree With Obama You Are "Peddling Fiction"
More to come below.
Have a good day.
GL and GB!
I'm able to be relaxed usually because charts have support and resistance, and these points are more often than not termination areas for larger moves. Major long term support diagonals, support points, resistance points - technicals still work. Price is a very structured creature and it will obey or at least acknowledge certain things (for a time). So I simply let price go to where it wants to go and then reassess.
That's all good and wonderful until you hit a crisis. Reassessing at a major support point in a crisis is another beast. From the SPX 2016 top it was fairly obvious given everything that 2064, 1990 and finally 1871 would be the major players. I've discussed the three major consolidation areas for months now. Well, price is sub 1900, broke the long term channel support off the 667 low and closed yesterday on the near term wedge support just above 1871 'Bullard' low.
The battle and failed reversal at the 1900 round number and subsequent breakdown was a big deal and has me now pondering the possibility of the Fed letting the market go. We're in a big time 'what if' scenario, cause if 1871 goes 1575 is the next stopping point. That's a lot for everyone involved to have to deal with or control. Or is the question now - can they control it?
Well, we have to sit back and let the market come to us. We need to follow, remain calm, let the play develop and then make offensive or defensive moves. This is not a point to be too one sided in your conviction. It used to be, it should be but this time may be different. The days of BTFD may be numbered.
On to the lie -
SPX Weekly - If support goes here, look out. Two prior SPX tops and the 38% retracement of the move from the 667 low lie at 1575 and that will be a magnet.
SPX Monthly - Watching that 10/20ma for a cross. As for that target box I've had there for at least two if not three years - Some "expert" just laid a SPX 550 target. That chart is sick.
SPX Daily - Very near term oversold with all indicators at or beyond reversal levels. Positive divergences are few, but a quick dip to 1871 will create some.
Freedom watch -
If You Don't Agree With Obama You Are "Peddling Fiction"
More to come below.
Have a good day.
GL and GB!
Wednesday, January 13, 2016
Morning Charts 01/13/2016 SPX /es
OK, let me put it this way China Trade Balance Surges As Exports Surprise To The Upside but Chinese Shipyards "Vanish" As Baltic Dry Collapses To New Record Low.... wait ... so all is well, but it isn't? Wait ... how can .... never mind ... welcome to the new normal.
On to the lie -
SPX 5m - Closed at somewhat of a resistance point, but that looks to be not a problem this morning. Yesterday I was discussing the 5m 100ma turning from resistance to support as a possible directional change may be happening (don't get too excited). That small HnS is having a RS ramp now. The green shaded areas are S/R and both triple fib confluence areas.
Freedom watch -
Is it over? I guess so and thank goodness, at this time, we never have to hear him give another one of those. Please Lord, let it be the last. Amen.
More to come below.
Have a good day.
GL and GB!
On to the lie -
SPX 5m - Closed at somewhat of a resistance point, but that looks to be not a problem this morning. Yesterday I was discussing the 5m 100ma turning from resistance to support as a possible directional change may be happening (don't get too excited). That small HnS is having a RS ramp now. The green shaded areas are S/R and both triple fib confluence areas.
Freedom watch -
Is it over? I guess so and thank goodness, at this time, we never have to hear him give another one of those. Please Lord, let it be the last. Amen.
More to come below.
Have a good day.
GL and GB!
Tuesday, January 12, 2016
Morning Charts 01/12/2016 SPX /es
Wait, is this Groundhog Day? Minis hit an 18 handle and are back up 30?
Well, at this point you have to start asking yourself - how long will it be till the Feds use terror attacks as a tool of intervention? Futures Jump After Oil Rebounds From 11 Year Low On Turkish Terrorist Attack. Well, would you put it past the most corrupt group whose every attempt at manipulation has failed, who is out of bullets, who must maintain control at all costs yet they've lost control?
FYI - "Unprecedented Demand" - US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015
On to the lie -
SPX Weekly - Simply pay close attention to the blue channel support all the way back to the 667 low. Now look at what price tagged yesterday. Now combine that with the 1990 support and the black wedge support (and the supportless area below that all the way down to 1575) and you will see why this is a must stick save area for team manipulation.
Ya think they can let let multi-year support just fail?Ya think this is a MAJOR point of support? Ya think that if this point fails that a breakdown would simply end it all (sans QE4 of course)? Oh, and the resident idiot (not Cramer) is ready to short more.
Now I highly suggest you take a look at the charts and analysis in this post. You all know I rarely refer you to other charts, so this must be that good. "Fasten Your Seatbelts" - UBS Warns Of "Record Spikes In Volatility" If This Level Breaks. I really want you to see this chart. Even though it 'counts' it's got the only two scenarios that I've really been considering for the end of the market. We have either topped and the 2115 top was a '2' and the ultimate short point if you missed the 2134 top, or (via QE4) we get one last bull trap blast for their '5' and then it ends.
Freedom watch -
Rand Paul Rages "The Fed Is Crippling America"
More to come below.
Have a good day.
GL and GB!
Well, at this point you have to start asking yourself - how long will it be till the Feds use terror attacks as a tool of intervention? Futures Jump After Oil Rebounds From 11 Year Low On Turkish Terrorist Attack. Well, would you put it past the most corrupt group whose every attempt at manipulation has failed, who is out of bullets, who must maintain control at all costs yet they've lost control?
FYI - "Unprecedented Demand" - US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015
On to the lie -
SPX Weekly - Simply pay close attention to the blue channel support all the way back to the 667 low. Now look at what price tagged yesterday. Now combine that with the 1990 support and the black wedge support (and the supportless area below that all the way down to 1575) and you will see why this is a must stick save area for team manipulation.
Ya think they can let let multi-year support just fail?Ya think this is a MAJOR point of support? Ya think that if this point fails that a breakdown would simply end it all (sans QE4 of course)? Oh, and the resident idiot (not Cramer) is ready to short more.
Now I highly suggest you take a look at the charts and analysis in this post. You all know I rarely refer you to other charts, so this must be that good. "Fasten Your Seatbelts" - UBS Warns Of "Record Spikes In Volatility" If This Level Breaks. I really want you to see this chart. Even though it 'counts' it's got the only two scenarios that I've really been considering for the end of the market. We have either topped and the 2115 top was a '2' and the ultimate short point if you missed the 2134 top, or (via QE4) we get one last bull trap blast for their '5' and then it ends.
Freedom watch -
Rand Paul Rages "The Fed Is Crippling America"
More to come below.
Have a good day.
GL and GB!
Monday, January 11, 2016
Morning Charts 01/11/2016 SPX /es
I've been thinking how to address or phrase what I wanted to say this morning since seeing China last night, and all I can come up with is that's it's never been harder to quantify or qualify what's happening right now. All those Alice in Wonderland references .... uh .. yeah .. they were prolly most accurate. We're so far down the rabbit hole of FUBAR right now that anyone claiming to know anything is a complete idiot.
Minis last night had an 18 handle, then PBOC Currency Intervention Pushes US Futures. Magically a 30 point rally (that's THIRTY POINTS) appears. We saw this move (and subsequent fail) last week. Bottom line is the key word 'intervention'. They know that what they've built here and abroad is nothing more than a farce (Like the recent infrastructure built and demolished in China). The term 'asset backed' is the biggest joke ever in the largest debt bubble ever fabricated.
Bottom line is there are 40 or more roads we can go down from the Fed doing their best to assist the nation to recover from the last recession (that never ended) to the Fed making their last run at stealing the wealth of the world (most likely). The one common theme that comes from every scenario is control. There are no longer any 'free markets'. We now invest and have our financial futures tied to a bunch of Keynesian nut jobs pushing buttons at their whim to contrive or manipulate data and/or to move markets wherever they need to go. Nothing is real anymore.
So, every time you make a trade. Every time you look at the balance of any of your accounts. When you pay that mortgage payment. When you use that credit card. Remember they control everything that underlies those assets involved. They are NOT yours. They ARE theirs. They control all. You've been warned.
On to the lie -
I'll chart up and report on near term stuff below. 1900 and 1871 are the areas I'm still looking at for immanent Fed intervention. Lord knows they are trying now and have been trying to stop the fall for a week. If 1871 goes there is no real support to 1575 (last two major SPX tops and the 38% retracement of the SPX move off the 667 low).
SPX Monthly - Pay close attention to the 10/20 mma's on this chart - not to mention the cycle highs or the negative divergences. It should be game over.
Freedom watch -
And this is from the NYT - The Larger, but Quieter Than Bundy, Push to Take Over Federal Land
More to come below.
Have a good week.
Gl and GB!
Minis last night had an 18 handle, then PBOC Currency Intervention Pushes US Futures. Magically a 30 point rally (that's THIRTY POINTS) appears. We saw this move (and subsequent fail) last week. Bottom line is the key word 'intervention'. They know that what they've built here and abroad is nothing more than a farce (Like the recent infrastructure built and demolished in China). The term 'asset backed' is the biggest joke ever in the largest debt bubble ever fabricated.
Bottom line is there are 40 or more roads we can go down from the Fed doing their best to assist the nation to recover from the last recession (that never ended) to the Fed making their last run at stealing the wealth of the world (most likely). The one common theme that comes from every scenario is control. There are no longer any 'free markets'. We now invest and have our financial futures tied to a bunch of Keynesian nut jobs pushing buttons at their whim to contrive or manipulate data and/or to move markets wherever they need to go. Nothing is real anymore.
So, every time you make a trade. Every time you look at the balance of any of your accounts. When you pay that mortgage payment. When you use that credit card. Remember they control everything that underlies those assets involved. They are NOT yours. They ARE theirs. They control all. You've been warned.
On to the lie -
I'll chart up and report on near term stuff below. 1900 and 1871 are the areas I'm still looking at for immanent Fed intervention. Lord knows they are trying now and have been trying to stop the fall for a week. If 1871 goes there is no real support to 1575 (last two major SPX tops and the 38% retracement of the SPX move off the 667 low).
SPX Monthly - Pay close attention to the 10/20 mma's on this chart - not to mention the cycle highs or the negative divergences. It should be game over.
Freedom watch -
And this is from the NYT - The Larger, but Quieter Than Bundy, Push to Take Over Federal Land
More to come below.
Have a good week.
Gl and GB!
Friday, January 8, 2016
Open Weekend Post 01/09-10/2016
You know the drill, share the love and the knowledge.
If you see it, share it. I will as well.
I remain bearish. I expect some sort of turn, but would prefer it to be around 1900 to 1873.
Have a good weekend.
GL and GB!
If you see it, share it. I will as well.
I remain bearish. I expect some sort of turn, but would prefer it to be around 1900 to 1873.
Have a good weekend.
GL and GB!
Morning Charts 01/08/2016 SPX /es
China this, China that, Get used to it. Everything is decaying, rotting, coming undone. The veil is about to be lifted and what was thought to be beautiful and peaceful will be revealed to be quite different. Reality sucks, so we chose to create our own in our minds avoiding the truth. Well, I hate to tell you that truth is a real bitch and she's coming.
On to the lie -
SPX Daily - OK, this kinda sucks, but the charts really say little to me at this time. Maybe I'm missing something, maybe not. When dealing with corrupt markets this should be expected. Also if you go back to the last two great tops, when markets collapse little form will be found initially. More below if you have any questions on S and R and how difficult it is to time turns in a collapsing market with a PPT in play.
Right now I'm looking to see if they can backtest 1990 and what happens there. If they can't then 1871 is the next big support.
Freedom watch -
Not on a Friday.
More to come below.
Have a good day.
GL and GB!
On to the lie -
SPX Daily - OK, this kinda sucks, but the charts really say little to me at this time. Maybe I'm missing something, maybe not. When dealing with corrupt markets this should be expected. Also if you go back to the last two great tops, when markets collapse little form will be found initially. More below if you have any questions on S and R and how difficult it is to time turns in a collapsing market with a PPT in play.
Right now I'm looking to see if they can backtest 1990 and what happens there. If they can't then 1871 is the next big support.
Not on a Friday.
More to come below.
Have a good day.
GL and GB!
Thursday, January 7, 2016
Morning Charts 01/07/2016 SPX /es
早上好 - that's good morning in simplified Chinese. Well, they did it again - this time just a bit worse. Apparently jailing or executing a bunch of short sellers and market "manipulators" (or at least a few high profile ones) ain't enough to stop a market collapse. Not sure (other than closing or propping) what they are gonna be able to do with China's situation. We've all seen the fraud coming for years. I suggest you see the chart in this post Spot The Most Manipulated Market In The World. I also suggest you see the currency/market relationship in the charts in this post - Global Stocks Crash After Spiraling Chinese Devaluation Unleashes Worldwide Chaos And Selling. Note- when a country's currency is being devalued beyond its control (especially possibly the most controlled currency on the planet) that's usually not a good thing.
On to the lie-
OK, this is a tough one. We're dealing with the collapse of the world's largest economy. The economy that was supposed to launch us into the future. The economy that was going to take over the world and take us all to the promised land .... the economy that all of us here at STB and a few other alternative sites knew would implode and was not real despite what all the talking heads preached.
This is an "external event" (STB "event" possibly) that involves the most corrupt and controlling government on the planet (well, second to the USA of course). That factor (and the modern fake markets) makes it very difficult to call as a trader. It can turn on a dime - markets expect intervention to force it to turn. This is not your father's market anymore. When nothing is real, what in the world are you supposed to do as a trader/investor?
I don't have the answer to that question. All I can say is that I expected the markets/price and for TA to win in the end. Price will/always wins. Are we at that point? Possibly. Are we experiencing the LEH moment ahead of the big one? Not sure. Technically as I've tried to show and have noted markets have apparently reached a peak of some sort. I don't short or call my trades openly often, but my 2104 and 2109 shorts may well prove to have been pretty sporty.
I now believe the 2134 top has like a really high probability to have been "the" top and the more recent "Bullard" run to 2116 has the chance to have been the ultimate spot (top of a "2" so to speak or bull trap) to have shorted this multi-year "bull" market. Only time will tell - we still have QE4 and the most manipulated markets on the planet, so I'm still reluctantly and possibly regretfully holding out on an ultimate top call.
SPX Weekly - As for now - I'm gonna trade the three consolidation areas I've been calling with and eye down to the 1575 levels. Once the STB DoD (black Diagonal of Death) broke - that was it for me technically. It became only a matter of time then. Now all they have left is this black wedge and the blue LT channel support. I'd say sub the current low support of 1871 is that moment of truth you have to face and sub say 1500 is you have anything left in the markets the banks will be confiscating what's left. Remember, these are not your assets - they are theirs. the gates are closed. I've recommended that you take profits (all the way out) at tops for the past couple of years. It's your call whether to wait on the QE4 or not point. Just know that when the flood of exits come, as I've warned, everyone will head for the gates at the same time. Prolly best to be ahead of the crowd.
I'll get more into near term stuff below. In the meantime, that nasty close at the backtest of 1990 and the current HnS neckline (where I resisted getting long) - uh, yeah. Watch that 1965 level that every one was pointing to earlier this week. Sell stops should start triggering at 1985ish which may be gapped thru this morning. (Flash crash possibility is high this morning).
SPX 5m -
Freedom watch -
Think capital controls. When the Next Crisis Hits, the Monetary Gates Will Close on Accounts
More to come below.
Have a good day.
GL and GB!
On to the lie-
OK, this is a tough one. We're dealing with the collapse of the world's largest economy. The economy that was supposed to launch us into the future. The economy that was going to take over the world and take us all to the promised land .... the economy that all of us here at STB and a few other alternative sites knew would implode and was not real despite what all the talking heads preached.
This is an "external event" (STB "event" possibly) that involves the most corrupt and controlling government on the planet (well, second to the USA of course). That factor (and the modern fake markets) makes it very difficult to call as a trader. It can turn on a dime - markets expect intervention to force it to turn. This is not your father's market anymore. When nothing is real, what in the world are you supposed to do as a trader/investor?
I don't have the answer to that question. All I can say is that I expected the markets/price and for TA to win in the end. Price will/always wins. Are we at that point? Possibly. Are we experiencing the LEH moment ahead of the big one? Not sure. Technically as I've tried to show and have noted markets have apparently reached a peak of some sort. I don't short or call my trades openly often, but my 2104 and 2109 shorts may well prove to have been pretty sporty.
I now believe the 2134 top has like a really high probability to have been "the" top and the more recent "Bullard" run to 2116 has the chance to have been the ultimate spot (top of a "2" so to speak or bull trap) to have shorted this multi-year "bull" market. Only time will tell - we still have QE4 and the most manipulated markets on the planet, so I'm still reluctantly and possibly regretfully holding out on an ultimate top call.
SPX Weekly - As for now - I'm gonna trade the three consolidation areas I've been calling with and eye down to the 1575 levels. Once the STB DoD (black Diagonal of Death) broke - that was it for me technically. It became only a matter of time then. Now all they have left is this black wedge and the blue LT channel support. I'd say sub the current low support of 1871 is that moment of truth you have to face and sub say 1500 is you have anything left in the markets the banks will be confiscating what's left. Remember, these are not your assets - they are theirs. the gates are closed. I've recommended that you take profits (all the way out) at tops for the past couple of years. It's your call whether to wait on the QE4 or not point. Just know that when the flood of exits come, as I've warned, everyone will head for the gates at the same time. Prolly best to be ahead of the crowd.
I'll get more into near term stuff below. In the meantime, that nasty close at the backtest of 1990 and the current HnS neckline (where I resisted getting long) - uh, yeah. Watch that 1965 level that every one was pointing to earlier this week. Sell stops should start triggering at 1985ish which may be gapped thru this morning. (Flash crash possibility is high this morning).
SPX 5m -
Freedom watch -
Think capital controls. When the Next Crisis Hits, the Monetary Gates Will Close on Accounts
More to come below.
Have a good day.
GL and GB!
Wednesday, January 6, 2016
Morning Charts 01/06/2016 SPX /es
The global dance/charade is losing its mojo. Dow Futures Plunge 170 Points After Yuan Crashes To 5-Year Lows As PBOC Loses Control.
When they stop coordinating and go into protectionism mode the unraveling is going to be tremendous. Currency wars, oil wars, immigration dumping, all sorts of stuff that's been going down that's been kept under wraps - the cumulative effect of it all could be about to unwind.
On to the lie -
SPX 60m - Gonna test 1990 support at the open again it looks like. Did not like the failure yesterday when they corrected what should have been a gap down open to a gap up open, and then they could not push thru the 2020 resistance.
Freedom watch -
LOL - New Gallup Poll – Americans Consider Government A Much Bigger Problem Than Guns
More to come below.
Have a good day.
GL and GB!
On to the lie -
SPX 60m - Gonna test 1990 support at the open again it looks like. Did not like the failure yesterday when they corrected what should have been a gap down open to a gap up open, and then they could not push thru the 2020 resistance.
Freedom watch -
LOL - New Gallup Poll – Americans Consider Government A Much Bigger Problem Than Guns
More to come below.
Have a good day.
GL and GB!
Tuesday, January 5, 2016
Morning Charts 01/05/2016 SPX /es
Too early in the year and too much confusion right now. Normally under Fed control confusion is a good thing, but they just had to go and make a policy move when things were swimming along fine without one. With the Fed on a (supposedly) clear path, the markets are not happy with that decision (hike). Taking the lifeblood liquidity is never good in a liquidity only driven market. The GDP drop yesterday confirms the Fed's F-ing up and just playing a numbers game with imaginary numbers. "What sounds good to you Chuck?" "Ahh, whatever Janet, let's just get this meeting over with."
It's hard to quantify just how FUBAR things are right now. The complete spectrum is blowing up. Many thanks to Obummer, the banks, the lobby and the corporatocracy for destroying the globe - good job guys - well done.
On to the lie -
This is a pretty good technical post. This Is The 'New' Most Important Number For The S&P 500. I still stick with my three consolidation areas. I can see the importance of a number like 65 as the deepest sell/stops would be in that area, but for me 1990 is the number they really want to hold.
SPX Daily - right now technically this market is lost in the rabbit hole with Alice. Big volatility as expected with tops.
Freedom watch -
Important - "Refuse To Compromise", Ron Paul Implores "Purism Is Practical"
More to come below.
Have a good day.
GL and GB!
It's hard to quantify just how FUBAR things are right now. The complete spectrum is blowing up. Many thanks to Obummer, the banks, the lobby and the corporatocracy for destroying the globe - good job guys - well done.
On to the lie -
This is a pretty good technical post. This Is The 'New' Most Important Number For The S&P 500. I still stick with my three consolidation areas. I can see the importance of a number like 65 as the deepest sell/stops would be in that area, but for me 1990 is the number they really want to hold.
SPX Daily - right now technically this market is lost in the rabbit hole with Alice. Big volatility as expected with tops.
Freedom watch -
Important - "Refuse To Compromise", Ron Paul Implores "Purism Is Practical"
More to come below.
Have a good day.
GL and GB!
Monday, January 4, 2016
Morning Charts 01/04/2016 SPX /es
Well, China's crashing. What a way to start the new year!
This one I really like, prolly since I've been telling you to take profits at the tops for close to two years now. JPMorgan Crushes The BTFDers: "Sell Any Rallies". How's this for some insider information (since the markets are not rigged at all), "the regime of buying the dips might be over and selling any rallies might be the new one."
There is a real storm brewing in the middle east. Might be time to start nibbling Oil.
On to the lie -
Might be time to really consider some lower targets just so you know the potential, if something ... let's go all of a sudden.
SPX 5m - well, here is the ominous HnS I pointed out at the close last week -
SPX Weekly -
A different look - Monthly Index Comparison - A simple look at where things are off the 08 low.
Freedom Watch -
I'll get this section cranked back up soon.
More to come below.
Have a good New Year!
GL and GB!
This one I really like, prolly since I've been telling you to take profits at the tops for close to two years now. JPMorgan Crushes The BTFDers: "Sell Any Rallies". How's this for some insider information (since the markets are not rigged at all), "the regime of buying the dips might be over and selling any rallies might be the new one."
There is a real storm brewing in the middle east. Might be time to start nibbling Oil.
On to the lie -
Might be time to really consider some lower targets just so you know the potential, if something ... let's go all of a sudden.
SPX 5m - well, here is the ominous HnS I pointed out at the close last week -
SPX Weekly -
A different look - Monthly Index Comparison - A simple look at where things are off the 08 low.
Freedom Watch -
I'll get this section cranked back up soon.
More to come below.
Have a good New Year!
GL and GB!
Sunday, January 3, 2016
Sunday post
I'll be back in the office tomorrow. Set up for a rather hectic year me thinks.
GL and GB!
GL and GB!
Friday, January 1, 2016
Happy New Year STB
Happy New Year to all at STB! Many thanks to each of you for being here and contributing to make this one special place. This blog would be nothing without each of you. Not sure I can say I'm looking forward to 2016. It does not hold much promise from what I can see. We will take it a day at a time and make the best of it as we always do. Thanks again for being here, and best wishes to all next year.
GL and GB!
GL and GB!
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