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 02/21/12 $OEX $NDX $TNX #CPC

What a mess.

Here are a few charts -

NDX - This is the chart I was showing earlier. That last pop on the right above resistance is remarkable to say the least. The upper monthly BB is now solidly in play which should cap things (well, in a non liquefied real market it would).