Open Weekend Post - 09/14-15/13 SPX /ES

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

Not much to say as the waiting game plays out. Time, time, time is all we've got now. I will show you one interesting chart of the RUT.

RUT Weekly - First, the blue and green upper diagonals are resistance for the move off the 2009 lows. they are the firewall. They reversed price last time and we're setting a pretty little double top here. Weekly on the MACD you can see at the red timeline where the overthrow (into true bullshit land) started at the break of 853 in January. Note the histogram is still negative and diverging indicating there is little to no strength to this move at all. The rising yellow wedge is in a massive and fraudulent overthrow that is screaming end of the run.

She's bout to blow! Here is a closer look at the top of this chart. Notice the blue line on the MACD Histogram continuing to neg div. This is a big deal. That weekly bear cross on the MACD is not good either.

I'll post more if I find anything. I may go deep into the chartbook this weekend as it may be time to start snooping around to see what's out there again.

Thanks for another great week on the blog.

Enjoy the weekend.

GL and GB!

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.

Shanky's Morning Chartapalooza 05/10/12 #SPX #ES #GOLD #OIL #DOLLAR #Silver #EUR/USD

Let's get it on! Listen to all Inc's ol school rap on the AD last night and now you gettin sum N.W.A style STB in da monin - hit it.

Gold - Blue channel down into the depths of support diagonals off the '08 lows. Better make a break north soon or hold 1569 cause the next stop will be 1470. No fret, just makes for better buying opp. Let it fall. Please fall. STB wants to gets mo gold at lower prices. It is the only thing worth owning these days (with a side of silver).