Morning Charts 02/29/2016 SPX /es

This is a good place to start - The G-20 Meeting Was A Big Disappointment: What Happens Next - So, as usual, we wait on news and speculation of news - 

"In other words, the next big move in the market is now entirely in Mario Draghi's hands."

On to the lie - 

SPX 5m - Well, Friday I got my pop and poop thought right. Now with the futures down it appears the breakdown of the blue wedge and the possible crack of 1945 support below is what's happening. I spoke how a move to backtest the 1920 area and the lower larger wedge support would work to please both crowds here, so let's A) see if that plays out and B) what happens at larger wedge support (seen below).

SPX 15m - The small red wedge below is the large blue wedge above. What I wanted as 1920 support is about 1927 now. Anything sub 27 is bad and sub 20 opens all sorts of nightmare scenarios.

Freedom watch - 

Your Smartphone Knows Who You Are and What You're Doing


More to come below. 

Have a good week. 

GL and GB!

Open Weekend Post 02/27-28/2016

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

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

Cause this is REAL - You need to listen to this. This is their plan for us.





Have a good weekend. 

GL and GB!

Morning Charts 02/26/2016 SPX /es

It's as simple as this - hope - Global Stocks, Oil Continue Streamrolling Shorts On Last Minute Hopes For G-20 Stimulus Announcement. I thought earlier this week they would hold the markets lower to try and force the G-20 to act. Wrong, just like the good old days, they decided to force the markets via several unsavory actions to front run to try and hype the supposed coming stimulus. I'll patiently wait, and not hold my breath, for said stimulus.


On to the lie - 

SPX 5m - The most bearish thing I see I'll talk about first. The backtest of the busted blue rising wedge. Now this is on a micro 5m level and is going to be pooped on at the open, but will the open be an overthrow and selling opportunity? This is happening inside the larger rising wedge you'll see below, but it is a potential sell point. This formation works well for both cases NT short and longer term long as a backtest of the 1920 s/r point and the lower black rising wedge support would be a good thing for both teams.

SPX 15m - Breakout or overthrow? That's what I'm trying to figure out. If a breakout, then 1990 is the next resistance target. If an overthrow, price will continue to consolidate above the 1871 support. The black rising wedge that has developed and evolved over the past two weeks is in its final form (at least this portion of it - a larger move north would reform the wedge again this time changing the upper resistance diagonal). A move up to the 1990 R would nicely complete the current wedge while further aggravating overbought conditions and creating some pretty strong negative divergences.

SPX Daily - This chart just does not looks all that bearish right now. Price is still in the lower consolidation zone (sub 1990) which is bad, but nothing is neg diving or OB to any degree here that has me freaking out. Price has long left any sort of upward trend (off the '08 lows) and we are in the process of topping (if we have not topped) which will lead to lots of volatility and a massive tug-o-war between the bulltards and the righteous bears. The playround is and always will be controlled and run by the mafia, so nothing is fair or right. I've always held out for that one last QE push and bulltrap run. Is this it? Not sure, but we remain on the verge of utter market destruction and 'they' can't let that happen. They can't let the market fail, at least not yet.

Freedom watch -

So What Do You Do NOW About Phone Security?

More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 02/25/2016 SPX /es

Not much in the news other than a couple of markets breaking and the attempted return of Bad = Good. Everything else is in complete meltdown.


On to the lie - 

SPX 15m - This chart has done me well over the past few weeks, so I'm gonna stick with it till it breaks. Multiple wedges and reformations (all expected), cept now they're at a point where they can't readjust anymore. A rising channel is about the only thing they could morph into now, which technically is what should happen if we're in a bull situation. So, today I'll be watching the black and blue wedges for hints at direction. 1871, 1920 and 45 areas are key S and R. Remember SPX is locked in the larger lower third consolidation area that has a massive range. The chance of a near term small HnS is in play as well as a much larger IHnS. We're actually in the RS of both right now. Yesterday STB did a good job of calling and targeting the turn. I then speculated we go sideways then possibly fall. Negative news or price action leading into the G20 meeting this weekend for the market to try and force some sort of action is possible. Note: We've moved from a front running ramp knowing or pricing in expected good news to the exact opposite where the market is trying to force policy. 

 
Freedom watch - 

Like I said from the very beginning. I smell a rat. Denninger - "Tim Cook: STOP WITH YOUR ****ING LIES."

LOL - the best possible situation for the military industrial complex - The Insanity of American Foreign Policy: CIA-Backed Rebels Are Fighting Pentagon-Backed Rebels

 
More to come below. 

Have a good day. 

GL and GB!

Morning Charts 02/24/2016 SPX /es

Late start Wednesday for the LS's, so as usual I sleep in a bit and casually roll in a bit late. So, you get a late night STB post from the travel computer.


On to the lie - 

I love seeing posts like these - Tom DeMark Warns If The S&P Closes Below This Level, It Could "Wreak Havoc To The Downside". I usually shred them, chew 'em up and spit 'em out, but Tom is OK here. Unusual one passes the STB test.

"If any of those S&P 500 triggers occur, the benchmark index will decline at least 8.2 percent from Monday’s close to 1,786, a level last seen in February 2014, according to DeMark. Should the market top correspond with what he referred to as “bad news,” the S&P 500 could see deeper selling down to 1,736, an 11 percent decline."

Hmmmm ....


SPX 15m - Let me see, STB has done a pretty good job walking up the initial black wedge, calling for the flattening and refomation of that wedge to gain room to shoot it higher, and began today to look at it rolling over. I said late Monday I would short any pop at the open Tuesday. Things do not look good near term for price, but other charts are not screaming at me for some form of collapse here. That's gonna take a news event, and with all the easing going on and dovish backpedaling by the Fed, I'm not feeling all that bearish right here. Let me clarify that. I'm perpetually SPX sub 500 bearish, but collapsing here would surprise me a bit. That's gonna take a news event. So, let's watch price down to 1871 if it gets there and reassess at that point.

SPX Weekly - 1795 is the 200wma so a check of that is about as low as I'm willing to go here. That's just about where Tom has this move going. Now as for that 1736 number? Where he pulled that out of is a mystery to me. Sub the 200wma the flood gates may just open and my target would be much lower. Like 1575 lower. Like flood gates open lower. It's gonna take something big to bust and hold a move under that 200wma. The Fed will pull out a lot of stops there above and beyond a standard PPT intervention. That would be all hands on deck, Bullard, Hilsenrath et al moment.

Freedom watch - 

Conspiracy fact (again) - Truman Show USA – “Concerned Citizens” at Town Hall Meetings are Often Paid Actors

Donald Trump Is Right – Here Are 100 Reasons Why We Need To Audit The Federal Reserve
  What an ass - Video: Obama Cracks Joke About Scalia’s Death - President sneers after making joke at late Supreme Court justice's expense


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 02/23/2016 SPX /es

MEH on the news this morning. Nothing new or earth shattering. 
 

On to the lie - 

A few scenarios as I digest this mess. Cases for both bulls and bears. At this time I cant quite commit on overall general direction. Why? We're in the middle of the lower consolidation area which basically has a 120 point range for SPX which is massive. Price is wandering in the desert that is closest to hell and farthest from the promised land. One wrong turn here and poof it's gone. As always though, I remain overall bearish. You don't play with fire and get away with it.

SPX 5m - 

SPX 15m - 

SPX Daily - For those looking for one last bull trap to partake in - this IMO would be the most likely scenario.

SPX Monthly - For those fully lost on a bulltard hopium trip - one last move up to set a higher high and complete the great rising wedge will end it all. This case would require massive intervention on a scale never seen before. The daily scenario with a move to 2064 is bully's last best chance.

Freedom watch - 

XFiles finale went full retard eugenics last night, just sayin.

Been telling ya for years - total control is coming. NYTimes Editorial Board Endorses Monetary Fascism - Backs War On Cash



More to come below. 

Have a good day. 

GL and GB!

Morning Charts 02/22/2016 SPX /es

Are we really back to Bad = Good? Sounds like desperation for MOAR is making (hopefully) one last run. Not sure what good it's gonna do at this point. Markets Surge On Chinese Debt Flood; Worst European PMI In Over A Year; Crashing Pound. Like I said, have been saying for a couple of years - laws of diminishing returns - "We've Reached The Limit": Denmark Central Bank Chief Says Monetary Policy Is Exhausted.

Gartman being short is not helping the bear's situation much either. We're seeing some serious desperation.    


On to the lie - 

From the After Blowing Up Its Clients With Its "Top 6 Trades For 2016", Goldman Has A New Trade Recommendation post -

"Once again: average or progression, because if extrapolating the trend from the past 4 recessions is any indication, then the 2016/2017 recession will see a collapse of roughly 75% peak to trough, putting the S&P somewhere just around 500."

SPX Monthly - Just around 500 they say. Well someone around here is about three years ahead of the 'experts". The chart has moved or recalculated and needs to be adjusted. I have not touched this chart in three years, and the target box should be covering the range from 750 to 450.

SPX 15m - OK, last week I discussed the reforming of the rising wedge. The lowering of the support diagonal to create a better formation that allowed a bit more room for slightly moar upside. These initial ramps get too steep and need to morph into something that's more technically sound. the pop this morning is going to cooperate with my thought process.

SPX 60m - 1946 area is now key resistance. Above that, which is possible, then the old 1990 (floor or support for the middle consolidation area) becomes the next key point.

Freedom watch - 

Well, STB's time may be running out - DOJ looking to tweak PATRIOT Act and prosecute anti-government "extremists"


Just for fun - and cause you know I believe disclosure is coming sooner than later - this is old but new news - Was it Pink Floyd? Apollo 10 astronauts heard mysterious 'music' on the dark side of the moon, newly uncovered tapes reveal.

More to come below. 

Have a good week. 

GL and GB!

Open Weekend Post 02/20-21/2016

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

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



Y'all have a great weekend.

GL and GB!

Morning Charts 02/19/2016 SPX /es

ZH rather dire this morning, and that's saying a lot. Just go read all their headlines and you'll get the drift. Looking for a savior? GFL.
On to the lie - 

LOL - I hate past/future comparisons, but if this helps get my point across to you about what's happening and where I think we're going check it out - You are here.

SPX 15m - 

Freedom Watch - 

Never on a Friday. 


More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 02/18/2016 SPX /es

It ain't gonna last - Biggest Short Squeeze In 7 Years Continues After Bullard Hints At More QE, OECD Cuts Global Forecasts. Life would be so dull without these Bullard and Hilsenrath 'moments'. I said "never" on rate hikes before, then if they did they would not last long - well ... Bullard Admits It's "Unwise" To Continue Rate Hikes, Says "If Needed" Will Do More QE.

As for my past thought on Oil breaking out with the next war - these spikes may be the precursor/front running of such a war. Erdogan is a complete idiot and he's got a whole bunch of boneheads following him (mainly our bonehead potus who must have a war to have any legacy).
 
On to the lie - 

Both below lead to lower highs with potential for larger breakdowns. 

SPX Daily - I'll just pay attention to that falling megaphone pattern till it all falls apart. 

DOW Daily - there is a potential large falling triangle that stands out here a bit more than on the SPX. Also another HnS situation exists here. A HnS inside a falling triangle is really not a good situation.

Freedom watch - 

Sheepishly written, could be a lot better. The Case For Outlawing Cash


More to come below. 

Have a good day. 

GL and GB!

Morning Charts 02/17/16 SPX /es

Lies and moar lies. Deception and corruption. Nothing more to report here.
On to the lie -

SPX 5m - This chart looked great for a turn late yesterday, then I mentioned them gapping it thru R ON yesterday as their best offense against that R - and guess what they did? 

SPX 30m - Even more R they had to break thru here as a potential devastating falling triangle needs to be averted. The 1920 -40 area should be a booger for bully to get thru. 

Freedom watch -

If this is the only thing I cover today it will be enough for me - WHAT A LOAD OF CRAP - this is the biggest bull shit story ever written - There is already a back door in everything they make, and it's proven they can and do take any data they want at any time. Order to hack iPhone for FBI ‘chilling’: Tim Cook




More to come below.

Have a good day.

GL and GB!

Morning Charts 02/16/2016 SPX /es

Not much to say up here. Too many tangents right now. No clear leader in either direction. We're on the edge of that Minsky Moment. Lots of confusion and all sorts of other emotions running amok. No one wants to believe it's over. State of denial is high when clues everywhere are overly evident. 


On to the lie - 

So are we back keying on oil moves now or JPY or what? WTH knows what's gonna move price this week or next anymore. They just latch on to anything, spin it market positive and hope the launch sticks.

SPX 60m - 1880, then 1920 and 1940, those are the resistance numbers we need to watch as bully tries to take the ball back. Pretty nice double bottom, pos divs on the 60 and daily, plenty of moar hype and any other excuse you can find for the momo junkies to get back hooked into their hopium hookahs. Looks like they may gap it back thru the key 71 resistance zone.

SPX Daily - I'd say 1942 R and the upper BB would be about as high as I'm willing to look right now, and that is if bully can make a run. 

Freedom watch -

Two posts worth looking at today -

American Democracy? - Money, Super-Delegates, & Hacked Voting Machines

And 

Here's Why (And How) The Government Will "Borrow" Your Retirement Savings



More to come below.

Have a good day.

GL and GB!

Presidents Day post

Have at it.

GL and GB!

Open Weekend Post 02/13-14/2016

You know the drill, share the love (esp this weekend) and the knowledge.

Have a great weekend.

GL and GB!

Morning Charts 02/12/2016 S{X /es

OK, my internet issues have been corrected (here not at the office). It took a day (as things always do out here) but it's amazing now. 

I really don'r have any market commentary. I'm a bit out of touch and don't want to speculate on current events. Grandma is failing, I can tell you that. 

On to the lie - 

SPX Daily - 

 SPX 15m - Updated for your pleasure. Looks like that really nice HnS has played out.

More to come below. 

Have a good weekend. 

GL and GB!

Morning Charts 02/11/2016 SPX /es

Ok, internet not working and it is going to be switched today anyway so I'm out of business today. Plus I got 4 boys here I gotta keep up with, so this is ur post and I'm out today. My hands are tied as I can't do much of anything other than comment from my phone.  I will check in and give any insight if there is any to give. Lots of snow and sunny days ahead.


More to come below.

Have a good day.

GL and GB!

Morning Charts 02/10/2016 SPX /es

Well, Grandma's up today - Hilsenrath: Yellen's Comments Have A "Downbeat Undertone"

On to the lie - 


SPX Daily - 

Freedom watch - 

Trump wins! Bout the only positive (that I think) we got.




More to come below. 

Have a good day. 

GL and GB!

Morning Charts 02/09/2016 SPX /es

Hmmm ... Deutsche Bank Stock Crashes To Record Low

Well, panic would be good here for those of us that want this all to end sooner than later.

On to the lie -

SPX Weekly - Technically you can read this one way, but reality says quite a different thing.

Freedom watch -

Dangerous Speech: Would The Founders Be Considered Domestic Extremists Today?


More to come below.

Have a good day.

GL and GB!

Morning Charts 02/08/2016 SPX /es

Not much to say this morning, just gonna digest everything.


On to the lie -

Might just induce a little panic today if the SPX grabs a 17 handle. 

SPX 30m -  This is a small HnS in the RS of a much larger HnS.

Weekly SPX - and the larger HnS. 1787 is the weekly 200ma and that works closely with that HnS target above. I won't freak out till the 200wma is busted. 

SPX Monthly - The 10/20mma has crossed folks. Just sayin.

Freedom watch -

They are not crazy, they are smart - Record Number of U.S. Citizens, Green-Card Holders Cut Ties With U.S. in 2015

More to come below.

Have a good week.

GL and GB!

Open Weekend Post 02/06/07/2016

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!

Morning Charts 02/05/2016 SPX /es

Not gonna comment on this train wreck this morning.

On to the lie -

SPX 60m - Well, back on Tuesday I speculated we'd settle in between 1900 and 1920 for a few days. Other than a few brief excursions above and below those numbers price has managed to close in that range the last two days. Maybe that first black wedge was not enough and Team Manipulation has managed to enlarge that pattern. Bottom line is they need that red channel to stay and work as a base channel so the market will go up. If that black wedge works, well, look out below. What's the difference? Can they get the market to buy that MOAR still works.

SPX 5m - there is a potential IHnS there. 

More to come below.

Have a good weekend.

GL and GB!

Morning Charts 02/04/2016 SPx /es

Got another meeting this morning. May be in time to get a post up. 

Computer issues crushed me this morning - internet connection down. 


More to come below.

Have a good day. 

GL and GB!

Morning Charts 02/03/2016 SPX /es

Early post. Late start wed for the kids so you may not get much.

I will say this, if you are bullish I believe the odds of you being the greater fool are elevated. Pigs get slaughtered as the old adage goes. Keep your wits and stay grounded.  Do not ignore reality. Intimately understand risk. I'm not saying to be afraid of playing either side. Understand market parameters and its limits as designated by technicals, and don't expect it to exceed these limits without events that irrationally make that happen.

Also understand and do not ignore clear market signals that may scream something you really need to hear. Now is the time to really observe your overall portfolio holdings and allocation and make a concrete plan that may even include an exit strategy. It's your life, money and decision, so don't bother to listen to my ramblings. Just feel I needed to get this out there and off my chest. Its been a while since I've laid out a good old STB rant. Maybe it's time I satrt laying down the law again. Shit's getting real.




On to the lie -





Freedom watch -






More to come below.

Have a good day.

GL and GB!

Morning Charts 02/02/2016 SPX /es

Groundhog day, oh the irony. 



On to the lie -

SPX 5m - Well, the rising wedge is working out nicely. the target is the dashed black diagonal below. It should turn into a base rising channel which would be bullish for the near term.

Freedom watch -

GS 1 - freedom and liberty 0 is the score after the first caucus.


More to come below.

Have a good day.

GL and GB!

Morning Charts 02/01/2016 SPX /es

Don't have much to say this morning. Right now I want to caution bulls and bears about getting too one sided. Tops are volatile places. This market is far more dangerous than any in history as I see it. Rigged and over priced sitting on top of a collapsing global economy that is over saturated in debt is not a good place to be.

On to the lie -

SPX Weekly - Stick save at three massively important support points, or do da bears still have the ball on the goal line?

Freedom watch -

Just tellin ya - hoard what you can to barter with if you want any freedom in the future - So It Begins: Bloomberg Op-Ed Calls For An End Of Cash


More to come below.

Have a good week.

GL and GB!