Morning Charts 01/23/2019 SPX

Good vs. evil everywhere. In your face socialism/fascism 1984 Orwellian nightmare.

Markets are a distraction from reality.

This is a fight for all the marbles.


On to the lie -

SPX 2hr -Is this a massive falling wedge? If so we go to E, which in the scheme of things wont be all that bad,

More to come below.

Have a good day.

GL and GB!

Morning Charts 01/22/2019 SPX

I think we're gonna reverse course sooner than later. I also don't like the prospects much either. https://www.zerohedge.com/news/2019-01-22/nomura-stocks-begin-their-re-correction-watch-out-below-2600

Remember I've said for years that no one will hang around for this next crash. Fool me twice, but not a third time. When they head for the exits, it's gonna be a stampede. UBS Tumbles On "Very Poor" Results As Clients Pull $13 Billion

On to the lie -

SPX Daily - 100dma crossing under the 200 is never a good thing. Resistance at the diagonal and then ultimate R at the 100 and 200 dma's. 2714 is 61% retracement of the last fall, so were smack dab in the middle of a lot of resistance and turnaround point.

More to come below.

Have a good day,

GL and GB!

Morning Charts 01/14/2019 SPX

Had dinner with the magnificent, elegant, gracious, wisest of them all RC Saturday night. What a treat. He's even better in person than on the blog. I have to get rid of disqus and get a new comment system and he will come back.

I'm STILL sick! Flu turned into a nasty cold.


On to the lie -

Still getting back in the groove and everything. May take a while to get into a flow that works. 

I'm very bearish,

SPX 60m -

More to come below.

Have a good day.

GL and GB!

Morning Charts 01/04/2019 SPX

EARLY POST

Morning Charts 06/13/12 $SPX $ES $DOW $RUT $NDX

Out of the gates today I would ask that you all congratulate Mrs. Shanky on somehow surviving 20 years with Mr. Shanky today. How will we celebrate tonight? With our youngest taking the mound in the city championship tournament. Family values folks, put family and children first and everything else will fall in line. Many thanks to Mrs. STB for 20 incredible years.

Now back to the daily topic of modern finance, it appears that the tradition joke new age theory of collateralization is rearing its ugly head again. "Some of the European banks are becoming short on collateral to pledge with the ECB, unless they can delever and sell some of their assets, which is difficult." Did Fitch Just End Europe's Hope For LTRO3? STB and other sites have noted the recent discussions of cash for gold that has evolved from your corner title pawn to global finance. One slight problem is you can't fractally expand gold like you can fiat currencies.

Afternoon Delight 06/04/12 - Desperation Time

Late today Egan Jones spanked the Queen on Jubilation Day or whatever elitist pomp celebration day it is. Nothing against the royals and the history over there. I get it, it's cool and I respect it. I'm all about God bless the Queen and all that. It's just that I'm a bit tired of the elite right now and the Queen kinda exemplifies a group of people on this planet I don't feel like paying homage to right now.

Anyway, Egan Jones pooped on the UK today downgrading them from AA to AA-. The nerve of those people. On Jubilee Day, while no one is looking and most are deep in the pints, WHAM, you got served. Of course in all fairness the PPT steps in over here and the markets actually rally on the downgrade. Makes plenty of sense to me.  Sure, I get it. Rally on downgrade, the new normal.