Well, so much for that post. Blogger just blew up and kicked me out of the edit and web page for about 10m and ate my post. Guess my content was not approved by the powers that be. On to the lie - SPX Daily - The fall yesterday was actually expected (post holiday) and deserved (massive neg divs everywhere). You have to continue to look south. At least TA says a lot more south. Of course in this casino we're playing against a rigged deck. This chart is nasty. It's screaming for at least a 5% move if not more down. What does the Fed want? I guess we will have to wait and find out. Since news is about the only thing that moves the markets anymore, you must position and then react to that position (right or wrong). Sadly that is all about is left to do these days. So, I'd try and stay one step ahead, follow Greece and Fed speak closely.
Freedom watch - Jade Helm, Agenda 21 and Sustainable Development. They are real. More to come below. Have a good day. GL and GB!
You know the drill, share the love and the knowledge.
First order of business, have fun this holiday weekend. Make sure you spread the government and Fed propaganda to all your friends and neighbors of how fucking rich you are and how super inflated your portfolios are. Tell 'em how you've got fiat coming out of every orifice you have so much. Make sure you tell 'em on how you are planning on leveraging up on your 4th mortgage and betting it all in the market with margin on leveraged assets! Don't remind them to sell their silver, gold and guns - those are worthless.
Third order of business should be to start packing your bags and secretly start planning on which country you want to live in other than this rapidly decaying democratic nightmare.
Other than that, maybe we get the post holiday crash, maybe not.
Many thanks to those who serve/served this country and to the families that have lost loved ones defending the globe/nation. I hope it turns out in the end that it was worth the sacrifice. I'm sure it will, but right now things don't look so hot.
Just waiting on Grandma. I do believe it is time (long overdue) that we finally get some concrete direction from the Fed. After almost a year of driving in a fog, we may just finally get some actual "planning" from the Fed. And in case you have trouble grasping this manipulation I discuss almost every day - here is a post that takes you through the realm of falsehood - Big Banks Busted Massively Manipulating Foreign Exchange … And Every Other Market. On to the lie -
Patience Grasshopper, we're almost there. SPX 30m - Stretching a bit from the black DoD. Does not like to stay above this diagonal very long. Neg divs everywhere. A move back to the 20-17 area would be expected here. Possible small gray triangle. Larger blue channel is the main pattern driving price I believe.
Freedom watch -
More on TPP - this shit is bad - really bad. Like futuristic, beyond Orwell in steroids bad. Like a bad Robo Cop, Total Recall, Running Man, Demolition Man meet the Hunger Games in The Matrix. This is really screwed up. Obummer is about to become emperor of the world when he enacts this. Police state takes over. Laws and Constitution are ditched, and whatever the corporations decide is what will be. Welcome to your future.
"TPP’s trade secrets provisions could make it a crime for people to
reveal corporate wrongdoing “through a computer system.” The language is
dangerously vague, and enables signatory countries to enact rules that
would ban reporting on timely, critical issues affecting the public."
Fed speak week and the holiday - nothing much else needs to be said here today.
Other than watch Greece.
On to the lie - SPX 60m - If they hit that IHnS target they better do it before the weekend. If not, then I'll start looking at this as a backtest of busted wedge support and start targeting the 1983 area. OBTW, that's a 5 month neg div on MACD.
SPX Daily - This chart confirms the potential IHnS target which would backtest the busted DoD (Black Diagonal of Death). It paints a slightly better support picture on the way down to 1983 marking 2076, 62 and 35 as three very key support points. Price is attempting another overthrow (black vertical) of the neg diving indicators which states how this market pays no attention to technicals anymore.Look at the double (worsening) negative divergences going back to November! Some actually go back a year. Wow!
Pretty simple story this morning - Walmart misses and the markets are down .... wait, that's not right .... markets are up .... OK .... phew .... I thought there might be a glitch in the new normal. This is not your father's market or any market you've ever known. Bad=Good and the promise of moar QE is all that matters.
One warning this morning that fits with my long held conviction that it's all about liquidity comes from Elmer Fudd - El-Erian: Markets underestimating liquidity risk. Don't take your eye off Greece.
On to the lie - SPX Daily - anything above here and this chart works into an overthrow situation (see dashed black vertical lines). Price working on rather large negative divergences backtesting double strong resistance should be a huge red flag area, but in the new normal a little Fed or QE speak can mitigate the worst situations presented. Oh, don't forget we have a holiday coming up.
"A “Nay” vote meant that the Senator opposed this
transfer of democratic national sovereignty, away from elected
representatives of the public, to international corporate panels, whose
members will be appointed solely by executives chosen by the controlling
stockholders in large international corporations. A “Yea” vote meant
that the Senator favored this transfer of democratic national
sovereignty over to international corporate panels."
"International Corporate Panels" will be the new judge and jury. Your best interests and freedoms just took a back seat to the corporatocracy. More to come below. Have a good day. GL and GB!
To those looking for a fall this week - fhugeddaboutit - Memorial Day just around the corner should mean nothing but a plastering to or near ATH's. What would a holiday be without a holiday ramp or at least tampering with ATH's? Now that would not be American Keynesian. Now, as for the week post Memorial day, all bets are off.
Well, that's usually the case. When you get into the daily chart below, it's not exactly clear how the Fed will be able to make a push higher given current technical conditions. Of course we've seen the most dreadful 4 or 6 consecutive negative divergences raped by the fed before. To see another offensive act by Team Manipulation would not be a surprise.
When you are at home enjoying the first week of summer do you think they want everyone discussing the recent market collapse? Hell no. They want your retirement and investment accounts fatter than the fatted calf. It's after one of these holiday highs they are gonna pull the plug I suspect. This or the 4th would be the best times to do such. What it depends on is how and when Greece works out, what they want timing wise and when they plan of unleashing QE4. I still contend that this fall has potential to be the time of THE top. Pay close attention to Greece -Shape Of Greek Endgame Emerges: IMF Discussed "Cyprus-Like" Plan After Tsipras Warned Of Looming Default. This week will be VERY news heavy with Evans speaking today going all the way to Friday when Yellen speaks. If I were you I'd hold my cards tight to the chest and react to their news and try hard not to play ahead of it. On to the lie -
SPX 30m
- I'm still looking at that IHnS (the HnS is fading but still in play
till a higher high). Their problem is price does not like to stay above
that black diagonal very long.
"the world could always ban cash because if you eliminate physical
currency and force people to use a debit card linked to a government
controlled bank account for all transactions, you can effectively
centrally plan everything."
"... not only is the probability of a June rate hike negligible, but the last
time US macro data was this bad, the Fed launched QE2 (and Operation
Twist... and QE3)."
Keep an eye on Greece, and don't be fooled by their tactics to distract you from reality.
On to the lie - I remain very uneasy and somewhat paranoid about these times. As my long term readers know I have a pretty remarkable ability to remain calm and not over react to most any situation. This time I'm actually fighting with myself to remain calm which is unusual. the markets are a massive distraction, the veil, to reality. Focusing here now is the wrong place to be. My next question, are they about to blow this thing sky high? So much for the HnS I was looking at. We all know about RS ramps and how HnS are now bullish formations - let's try an inverse HnS -
Like I've been saying, they have been preparing for this all along -Europe Preparing Greek Bankruptcy Loan "In Event Of Grexit"It's all about Greece, and this deal is huge in the scheme of everything. All eyes will be on how they handle the poster child of default. A milllllllion huge frustrating lies are about to unfold. On to the lie - SPX 60m - The wedge. I added a dashed red lower diagonal as a new potential wedge support in case they decide to try and extend this thing. You can see how price may want to consolidate between highs and here. Another thing that may be of note to the bears - a potential ascending triangle (lower black diagonal) worth about 75 points is sitting there for us all to see. That's a tough spot under broken wedge and LT support at ATH's and they throw an ascending triangle into the mix? Ouch.
Freedom watch - Well?NBC Confirms Obama Lied About Bin Laden Raid Now what? What they are not telling you, now that the truth has come out elsewhere, is still not the whole truth. The battle between alternative media and the state controlled MSM rages on. Chalk one up for the internet and the truthers. Conspiracy fact gets another W. It's very important that you know we here at STB live outside the Matrix, it's a dangerous place where truth exists and fantasy is subdued. More to come below. Have a good day. GL and GB!
I have a feeling that my great unease over the past few weeks is going to be validated - only of course to be refuffed by QE4 - only of course to be greeted by the next (and last) great crash. It appears we will continue to trend towards that Fall collapse. Bonds are all over the place with the 10y collapsing.
On to the lie - SPX Daily - I've been discussing 2070 and 2062 as critical support. In a way this is now like double top secret critical support since the rising red wedge critical support has busted down and backtested. Sell stops could not be far away being thru the 50 dma and with the 100 dma at 69 and then critical support at 62. The Fed is in a real pickle here especially given Greece and the rest of the global and domestic economic struggles. If this fails the next stop would be the 200 dma which is pretty much at the HnS target I posted yesterday. A little history of price and the 200dma - when was the last time price hit the 200 dma before our "Bullard" moment last October? Well it was in November of 2012? Ring any bells? "Unprecedented manipulation" and the starting point of the STB Diagonal of Death. "They" don't like price below or even close to that 200 dma.
Freedom watch -
And see this, this, this, this, this, this, this, this, this, this, this, this, this, this, this, LOL
We're chocked full of all sorts of bad = good news this morning. ADP, productivity - just see ZH for all the "bad" news. On to the lie - SPX Daily - just a mess. no clues for direction as consolidation continues above critical support and below ATH resistance. This is getting a bit annoying, but I should be careful what I wish for. That BB width - it's set for an explosion.
Happy Cinco de Mayo! Boy I miss the days when this was a must go out and party night. One word - Greece. Now many other words could be in play (and are), but right now Greece needs to be the focus. Very quiet now. Feds should (and have) take advantage of any luls in the news or event cycle. On to the lie - Volume? We don't need no stinkin volume! Yesterday was a great example of the farce this market has become. If there were any surprise from yeaterday it was that the market did not go up even more.
SPX Daily - Very dangerous spot for SPX. They know it, you know it, so it must be defended. How long can they defend it is the question. This chart is pointing to a top. It is tired. It is technically ready. It is overbought. It is complete BS, so who knows what will happen and when.
"If you want to hear the details of the Trans-Pacific Partnership
trade deal the Obama administration is hoping to pass, you’ve got to be a
member of Congress, and you’ve got to go to classified briefings and
leave your staff and cellphone at the door.
If you’re a
member who wants to read the text, you’ve got to go to a room in the
basement of the Capitol Visitor Center and be handed it one section at a
time, watched over as you read, and forced to hand over any notes you
make before leaving."
I suggest that you see this site for more on just how scary the TPP is.
And as for STB's theory that UFO disclosure will come sooner than later and could coincide with the crash/takeover - See this -
I need to digest some things. I'm a bit confused by the move up late last week. Potential China QE was timely. SPX Daily - Price still trapped below the DoD and red wedge support with the 20 and 50 dma's in play as well.
Freedom watch - I think on Mondays I'm gonna leave this section blank. Let's not start the week with horrible news. There is usually enough above to freak you out anyway. More to come below. Have a good week. GL and GB!
Greece. They ain't go no money. Simple as that. this domino is gong to fall soon. the only question is can they contain the chain reaction that follows. It's going to get ugly soon. You really need to pay attention here. Bund rout? But Germany is the backbone of the EU? As I've warned for years here on STB - everyone will head for the gates (which are now closed) at once. When this thing turns the rush for the exits will be greater than ever seen before. Back in 2010 I forecated at least two market closures at such a time. I'm afraid I may have woefully underestimated that number. When The Herd Turns On to the lie - SPX 30m - 2100 is critical.
"Today we get a two-for-one algo kneejerk
special, first with the Q1 GDP release due out at 8:30 am which will
confirm that for the second year in a row the US economy barely grew
(or maybe contracted depending on the Obamacare contribution) in the
first quarter, followed by the last pre-June FOMC statement, in which
we will find out whether Janet Yellen and her entourage of central
planning academics will blame the recent weakness on the weather and
West Coast port strikes and proceed with their plan of hiking rates in
June (or September, though unclear which year), just so they can push
the economy into a full blown recession and launch QE4."
Well, there may be a bit more to say as buybacks surge assisting in masking market reality, Greece is just about cooked and Twitter may be the modern version of a tech bubble poster child. Ah, it's all good. Y'all just stay fully invested in the risk on new normal norm. What could go wrong? It's not like the dollar is in trouble, the economy is in the tank or the government is practicing martial law drills.
On to the lie - SPX Daily - The wedge - this time it's grey cause all the red neg divs really screwed up the look of the chart.
Freedom watch - Nothing here today. Gonna take a break from the dire side. More to come below. Have a good day. GL and GB!
OK, we got AAPL behind us, so the markets can now be unleashed to do what they will. Of course things have not changed with QE (anywhere in the globe) being the main driver. why did the futures dip? Simple, Failed Chinese Local Bond Offering Leads To PBOC Easing Confusion. On to the lie -
Sideways action or a drift to the south leading into FOMS was my thoughts yesterday, and that appease to be what we have happening. You're gonna have to wait for the FOMC now before any real market moves happen (unless that is Fed speak of course). SPX Daily - The wedge, the channel, the DoD, the double top, the ATH and all the negative divergences - 2062 is key support.
This is Ferguson all over again but maybe worse. If you have not figured this out, police brutality is the issue and we're not gonna accept it. This means we have a will (suppression) vs. will (freedom) environment. The police have been militarized to prepare for this, and now you see why they want our guns.
Now consider Jade Helm and start connecting the dots. Connect all the dots I've tried to point out over the years. I hate to say that it appears we're nearing the end folks. More to come below. Have a good day. GL and GB!
See the charts from late last week if you want more of the devastating setup that exists at this time.
SPX Daily - New ATH and the severe negative divergences that I told you would come with the spike. The STB bull/bear line cross works again. They are batting 1000% on the cross of a 61% retracement of every major fall to battle back to a new ATH. Now, is it time for another black vertical overthrow line on the chart? Can they pull off the impossible again? Again, red critical wedge support and black STB DoD resistancenot far under red wedge resistance and LT channel resistance - price is trapped. One of two things will happen - they blast price into orbit here or wee get a 5 - 10% correction and then QE4 comes for the final stage of this manipulated market run.
A wise central banker told me I should learn to live with central banks
being the dominant force in the market, whether I like it or not. I,
unhappily, think he is right.
And staying with the what does bad = today question (yesterday it was bad = bad that dramatically changed to bad = good all the way to fresh new ATH's) -Worst Drop In Core Durable Goods Since December 2012. Hmmm ..... the futures were down again last night only to recover again (trend I've been pointing out). I guess bad = good again, phew, back to the new normal.
"and under the covers it is ugly - Capital Goods New Orders non-defense, ex-aircraft have now fallen for 7 straight months, missing expectatons dramatically (-0.5% vs +0.3% exp.). These numbers have never fallen for this long a period without a recession."
On to the lie -
SPX Weekly - If this does not look like an end game scenario I'm not sure what
does. These days one must qualify such a statement by
adding the fact that the Fed and other forces completely manipulate the market, so what you see may be misleading. So you got (Blue) multi-year channel resistance being challenged, (Black) the STB Diagonal of Death having broken down and is now resistance and (Red) the rising wedge culminating it all. Folks that red wedge is like a huge ass road sign flashing red warning you that were about to run out of road, you have no breaks and there is a big ass cliff ahead. I've been discussing for a few weeks now how price is being compressed or is trapped between blue and black resistance and red support. I have discussed how red is critical support here. Hopefully this chart puts things in perspective for you. Oh, did I fail to mention all the negative divergences below in the indicators? My bad. Sorry. This market is technically gift wrapped and delivered to your doorstep for disaster.
Freedom watch -
Look, being right (for years) in the news and message I deliver really sucks. It's no fun to sit here day after day and warn you of the impending doom this market and country are facing. Hell, it's no fun to sit here an witness it either. All I hope is that you make an educated (while it's still legal) decision regarding you and your family's future based on the evidence here and elsewhere.
Take this post as further evidence of the control system we're soon to be placed under. Consider my multiple warnings to get your cash out of the system (the gates are closed remember), as in all the way out of the markets, banks and dollar into real assets. Please see Largest Bank In America Joins War On Cash.
"Chase, the largest bank in the U.S., which has enacted a policy restricting the use of cash in selected markets; bans
cash payments for credit cards, mortgages, and auto loans; and
disallows the storage of "any cash or coins" in safe deposit boxes."
Two words - cashless society. The ultimate control mechanism will come one day. This way they will be able to track every dollar (if they are called dollars much longer), every transaction, maximize tax collection and control you like never before. Great, they will be able to electronically cut off your water, power, car and your cash. Your only freedom will remain in the black market and your ability to barter. This is where real assets and physical items like gold, silver, cigarettes, booze and such come into play. You really need to think about the possibility of such things. And to follow through with STB's libtard earth day hypocrisy from yesterday please seeThe Liberal Hypocrisy of Earth Day | ZoNation.
More to come below. Have a good weekend. GL and GB!
I'll open with this - and if any SOB comes at me about the markets not being manipulated you may just get bitch slapped into next week.Wake up people - facts are facts and it's about time you recognize this.
"Deutsche Bank would pay $2.5 billion "in
connection with the manipulation of the benchmark interest rates,
including the London Interbank Offered Bank ("LIBOR"), the Euro
Interbank Offered Rate ("EURIBOR") and Euroyen Tokyo Interbank Offered
Rate ("TIBOR") (collectively, "IBOR").""
LOL - what does Bad = today? Futures Unexpectedly Red Despite Disappointing Economic Data From Around The Globe On to the lie - Once again the futures slide and recover. Not as severe as yesterday, but it is a pattern that needs to be watched indicating weakness that cash price action may not show. SPX Daily - Any move to ATH (as I've been saying) will lead to (typical) rather harsh negative divergences and and overthrow of the neg divs.
SPX Daily - Again - critical red wedge support and black STB Diagonal of Death resistance. Price is trapped. Anything sub 2062 (triple major) support and hard hats may be required.
Freedom watch - How long have the government funded and subsidized global warming alarmists been at it? How many years ago did they really begin to cook up all the mega propaganda to scare us into carbon credits and an expansion of government to deny us our rights protect mother earth? This post is absolutely priceless and a must read for several great laughs this morning. 18 spectacularly wrong apocalyptic predictions made around the time of the first Earth Day in 1970, expect more this year.
"1. Harvard biologist George Wald estimated that “civilization will end
within 15 or 30 years unless immediate action is taken against problems
facing mankind.”"
9. In January 1970, Life reported, “Scientists have solid experimental
and theoretical evidence to support…the following predictions: In a
decade, urban dwellers will have to wear gas masks to survive air
pollution…by 1985 air pollution will have reduced the amount of sunlight
reaching earth by one half….”
16. Sen. Gaylord Nelson wrote in Look that, “Dr. S. Dillon Ripley,
secretary of the Smithsonian Institute, believes that in 25 years,
somewhere between 75 and 80 percent of all the species of living animals
will be extinct.”
HYPOCRISY! at its finest is what you are witnessing. Why? One word, Fukushima. If these bleeding heart libtards were really interested in protecting the earth and the oceans then they would be focusing ALL their energy on solving the Fukushima disaster. I've yet to see some tree huger offer his or her life to go to Fuku to assist with this problem. Fucking bitch, bitch, bitch and then when it comes time for real action .... nothing. Typical.
How bad is Fukushima? Well, just start reading the headlines here and keep on clicking. This accident ranks in the top 5 coverups of all time and will be number one when it's all over (meaning it's ALL OVER as in this fucker is literally poisoning the globe and they are not doing one damn thing about it). Want to talk apocalyptic? Talk Fuku. This shits for real. Now these headlines are for real and not propaganda.
The Russians did a remarkable and heroic job handling Chernobyl. The russians had robots that failed as well, and people (biorobots) had to go in and remove the debris by hand. I don't see the same effort from Japan (or any tree hugers lining up to jump in to save the earth). Human sacrifice (and not just sending in the homeless of Japan to be sacrificed) is all that can save Fuku and possibly the oceans at this point.
Ah, the new normal, when good = good, bad = good and good can = bad. A true witches brew of fallacies and fantasies, concocted or not, that always seem to come out glowingly positive (in the matrix's eyes). When you get headlines like this you can only shake your head and pray that QE4 comes so they can just get it over with. Futures Surge On First Chinese State Bankruptcy, Greek Capital Controls And Approaching Default.
"Explaining the catalysts that move the "market" overnight has become so
farcical it is practically an exercise in futility and absurdis."
I hate to sound like a broken record, but Greece and Fed speak dominate everything (other than the false hopes for more #FAIL global QE to come).
"In other words, IBM is now in the aggressive collections business, just so it has the leeway to repurchase its own stock."
On to the lie - SPX Daily - My life and a daily composite of everything we've watched and discussed since August of last year. The red rising wedge in detail. This is the third iteration of the wedge as they have adjusted the lower diagonal support to extend the wedge three times. The battle with critical support that I've annoyingly mentioned the past few weeks is clear to see. Volatile consolidation in the black triangle leading to the blue rising channel all at critical support leads to two options, either they defend and ramp or its about to collapse. Any spike to ATH levels will leave yet another nasty negative divergence (which in the past has led to some of the larger corrections).
