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).

$ES Charts 02/20/12

Happy President's Day - I'll be around. Thought I would throw up some minis charts to celebrate the higher highs and overthrow of the rising wedge.

5m - Nice new gap.

Afternoon Delight 02/15/12 - Lots-o-charts

Here are a bunch of charts I have not shown in a while - see if anything registers with you.

So the Trannies are leading -

Or are they so far ahead they are just getting back in line?

Is Apple (AAPL) Headed For a 50% Haircut?

As usual, I only report on what the charts say, nothing else. If you can keep up with the news flow on AAPL be my guest, just check the twitter feed here Twitter / Search - aapl. Revolutionize this or that seems to be the common theme.

I can't argue with them as I love all my iProucts. We did get nooks over IPads and that appears to be working out just fine. Friends have switched to androids from iPhones and those seem to work just fine. Apple seems to be losing some of their dominance on the sector. Is the competition catching up? Who knows? I do know that this company has done incredibly well on the backs of a few products. They do dominate the industry. There is room to grow as the egg throwing Chinese are proving.

I do know one thing, technically on a monthly chart AAPL has begun the dreaded second sharper negative divergence. It is also the only equity with an overbought MACD that rivals that of gold. The rising wedge is ending.

AAPL Monthly - The rising wedge is clear as day. The lowest blue diagonal is a traditional wedge target diagonal once it breaks.

Morning Post 01/11/12 (SPX) - Chartapalooza

A storm is a brewin and it is just offshore.

Incredible! The futures are actually red! I was not sure that was legal anymore, but when you are the law I guess you can do anything right? One can only assume is that the Fed is ready to let things breathe a little bit. Don't get too excited bears, the /es is still in its channel off the mid-December lows. When that support cracks, then you can begin to look for a correction that will have some merit.

Yesterday morning I tweeted /es 30m Yellow channel up - 1277 support - higher high - all the makings of a blow off top IMHO. #Surreal pic.twitter.com/eXP2ptbU. So far so good. Here is a good look at the /es 60m chart and recent channel support. The blow off top can now be seen in the rise in RSI above the negative divergence. The double divergence in MACD is a killer. All that aside, none of it matters if the yellow support diagonal does not falter.

Open Weekend Post 09/23-25/11

Don't forget to vote in the new poll =====>

Incarnate may deliver some special guest material for this weekend on the 13/34.

Quite the week.

Please take a look at the FX Chartapalooza Copper, Silver, Gold, Dollar, Oil, AUD, EUR, USD, JPY, CHF 

Just what type of precipice is the market sitting on at this support? See those pink rectangles? It likes to complete the run to 950 in these situations.

Monthly SPX -

A little Ron Paul debate answers for you - listen and pay attention.



Have a great weekend.

GL and GB.

Morning Post 09/23/11, SPX

Let's do a post for the indexes and keep the comments here today. the last post was a bit large to manage, but it is very important loaded with some great data.

SPX Daily - 1120 is KEY. Not much else needs to be said. At lower end of most recent range. If that goes so does everything else.

Afternoon Delight 09/22/11

Don't forget to vote in the new poll to the right  ========>

Nothing good is happening right now. As STB has speculated "they" are in trouble and their hands are tied till they can get some room with the next debt ceiling vote and get the budget issues straightened out (like...who needs a budget anyway as they approach 900 consecutive days without one).

As I was speculating back in June (when STB called for July to have the potential to be one of the worst months ever - It topped July 7th) financial blackmail is happening via market levels as "they" will tank the market to force congress into a more accommodating debt ceiling raise. This is all political.

I love it when the stars align with my prognostications.

Morning Post 09/22/11, SPX, DOW, RUT, NASDAQ, USB

New poll question to the right ===>

Do I really need to rehash the disappointment in the lack of QE (hopium), all the bank downgrades, Greece and the rest of the PIIGS, employment, China, commodities, and the lot? Let's not waste out time and enjoy the head and shoulders set ups that are the hot topic this morning. Let me show you what everyone will be looking at. Time to start thinking flash crash.


NOTE - separate posts are coming for the likes of gold, copper, oil, dollar and such.

/es - Minis SPX - Target 1031 (1040 has been STB's target since the 1370 top.)

Morning Post 09/21/11, SPX

F Day, as in FOMC Fed announcement. Let's hope the F does not stand for anything else as in Fing the people of this country even further than they have already been F'd. Around 2:15 the fireworks start.

Shanky nailed the call last Friday warning those that wanted to short over the weekend at what looked like a beautiful set up. You can not short mere days before a FOMC announcement. Today is the day we get clarity. Now will be the time we'll be able to invest with at least a bit more confidence in a sustained trend (say the next week which is about as sustained as anything gets in this market).

What do the readers of STB think the Fed will do today? Will the Fed ease was the question. (Thanks for participating in the poll.)

Yes - 10 (12%)
No  - 33 (42%)
Does it really matter - 34 (44%)

Shanky thinks the Fed can't ease till the debt ceiling issues are cleared up. This moves the November meeting to a higher probability. This has been my call since the spring and I'm sticking with it. Where STB's language has changed a bit is now the Fed can move from the "ability" to ease to the "promise" to ease at anytime. A year ago all it took was a promise in August to ramp the markets for free (or without any easing) till the November announcement.