Open Weekend Post 06/30-01/12

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

Over the past year or so I've tried to bring a more professional tone and keep the blog away from my traditional wild west 4 letter word rant laden posts that brought most of you here. I conformed and tried to make this a place where everyone could feel comfortable and not have to endure my foul language. Well, that's about to end.

I've been so polite and patient, not anymore. I've had it. As most know about 6 months ago I hit a bad personal (market and government related only everything else is just fine thank you) funk. I'm tired of the same old rinse/repeat, lie to your face, theft, corruption, elitist controlled actions that are destroying not only the USA but the globe as well. It has become monotonous to post. Just the SSDD over and over and over. It is time to make a stand and maybe for this blog to make the swat list. It is time to attack.

We used to dance along the edge of empirical rebellion here at STB and it is time to bring that back. Patience or complacency or politically correct commentary is ending this week at STB. I never lost my fire, I just did not post things in my unique (Shanktified) style. Please welcome back the unhindered and uninhibited STB.

Note the banned word list will be referenced and targeted by the blog. Banned words - fuck you! For those of you with squeamish tummies and are afraid of standing up for what is right, those that are not willing to lay it on the chopping block the way our forefathers did, you can be a good little conforming sheeple and leave the blog now.

Seriously, don't come back. You will be much safer. Crawl into your little conformist pussy hole and leave. Before you go though you need to know one thing - you are no better than the entitled fucks that are ruining this country. You will be persecuted whether you fight or not. You will be belittled and subjugated to a life not fit for one of God;s greatest creations whether you fight or not, so I suggest you make a stand. This is the real deal. this war now. If you do not want to be associated with a real american that believes in his constitutional and GOD GIVEN rights that is just fine. 

Let me apologize to you folks that can't handle the 4 letter words in advance (you were warned about this in the About Me section of the blog since the beginning). I am a good God fearing Christian person. I respect and greatly appreciate you and everyone that visits the blog daily. I personally believe I would be doing the greatest disservice to you if I did not tell it how I see it. 


I need to thank all of you, especially the core commenters, for your support over the years. This blog had never been about anything but providing the best TA that I can and the truth. It is not about money or fame or anything material. I just want you to be aware of the truth, and folks, you are about to get a serious heaping dose of that. 


Enjoy your holiday weekend. 


GL and GB!

Morning Charts 06/04/12 $SPX

I told you last night not to be surprised to see all the losses erased and a green open. We've seen it before. The sheeple are not allowed to know and will be kept in the dark about the near collapse that happened last night. Nothing to see here move along.

After toying around with the Flash Crash vids Friday, I found this circuit breaker post on ZH amusing and well worth the read. It is not a matter of if but when in this case. I suggest you have your questions answered before the crash happens and not during about the hows. whats and whys if crash etiquette. Did The SEC Hint At A 7% Market Plunge?


Minis 60m - Welcome to stage three of the SYB call bonanza. We've walked price down to 1341, 1300 to 1295 and now have hit the 1260 target. Just below this support is a large gap that they will defend. Big chunks or holes that were left by the rapid ramping climb (when you ramp it you do not leave naturally occurring support and resistance points) are getting filled rather quickly these days. 1220 would be the next stop, then round level 1200 and finally my ultimate 1170 target. Anything below that would be gravy and I am satisfied that this fall may now correct. That's not saying it will, but that from this point down you should be wary of a reversal of some sort. You can see the gap from 1249 to 1259 in gray just below support here. 1286 starts the backtest area with 1300 to 1310 contains all sorts of resistance (just as it was all sorts of support on the way down).

I'm running a bit late today. Sorry for the lame post. I'll get you some more charts in the commentary.

Incase you missed this big news event -

Little Shanky II and the Cardinals win the Championship 06/02/12

GL and GB!

Morning Market Summary and Charts 03/29/12 #SPX $ES

So now we have EOQ, GDP and Jobs on tap. All important, but could this be an even larger event? Anon asked in the video that I warn you this is coming. I'l be really impressed if they can pull it off. Something is telling me not to discount this group. March 31: Operation Global Blackout: Hackers Intend to Shut Down The Internet Alex Jones' Infowars.



What you need to know is that things are not as rosy as the market is telling you. How markets can ignore the data prints this month can only be explained by one thing and one thing only, stealth QE. "Overall, a wash, meaning March is about to close with about with 17 misses out of 19 key economic indicators." Q4 GDP Comes As Expected, Claims Miss Big Two Weeks In A Row | ZeroHedge

Morning Market Summary and Charts 03/26/12

Do I really need to go any further or mention anything other than Futures, Precious Metals Soar As Bernanke Says More "Accommodative" Policies Needed, Hints At "The New QE" | ZeroHedge CTRL+P is alive and well. This sucks. I hate it. You hate it. It is total BS, but it is what it is. they rule the markets and control every tick and there is nothing that anyone can do about it.

The scenarios we've been discussing are numerous, but they all boil down to one thing, QE. That is all that matters till the debt burden implodes the system. "Recovery" huh? One more round of easing and all will be well is the party line. Well, if the recovery is kicking so much ass then why do we need more stimulus? Now should be the time to be removing cash from the system not upping the dose and turning the flow on the IV to the max.

All it took after the Jackson Hole meeting in 2010 was the promise to ease and the markets delivered back to back record months. So here goes the Bernank with strong hints at further easing as Twist comes to an end. Is the Bernank simply trying to buy some time and hopes that the markets can hold up or advance without the liquidity backstop for a short period? That has been a mistake in the past.

Morning Post 01/19/12 (SPX)

You gotta separate what's real from what's false and then place your bets on what's not real. That is the sad reality of investing today. Want proof? Let's look at two reports on BAC from this morning and see what the MSM, Wall St. and the central planners want you to hear and see and then lets look at what's really behind those stellar earnings.

The MSM, all is well, nothing to worry about, throw your money in the pot so you can retire rich and we can make massive fees off of you while you actually go poor view - From CNBC, Bank of America Rebounds to Post Profit; Shares Surge - US Business News - CNBC, "Bank of America matched profit expectations and exceeded revenue estimates for quarterly earnings, sending shares that had been trading below $5 just a month ago spiking higher in premarket trading." and add, "In particular, BofA said it made $2 billion in the fourth quarter by selling its stake in a Chinese bank and selling debt. That offset losses and higher legal expenses in its mortgage business."

Afternoon Delight 01/18/12 - Levitation

For those looking to know exactly what's going on with the market please see my morning post from today. It is as comprehensive as you will find anywhere. We're nearing a major top. To all the bears out there, as I have preached from the beginning of the year, patience is required.

Following the Fed is the only plan and like a scratched record (for those of you old enough to know what one of those is) I keep repeating the FOMC Meeting Chart. Price today (for whatever reason) tagged the upper resistance diagonal and has met the price objective I thought would be "it". Price actually touched the side of my target circle I drew a few weeks back.

I have no idea what is driving the markets up at this point other than IMF or ECB lending and the hopes that the Greek default will come off without a hitch. I do know that something is not right. One of the theories is (in true bubble fashion) is that the funds rapidly leaving the EU are flowing into our stock market. On the other hand mutual funds are having a net outflow. Could it be unannounced stealth QE? The Fed did say they would use all "tools" at their disposal. Could it be the promise of more QE announced at the FOMC meeting next month? Who knows?

Is Gold About To Collapse?

Hey, goldbugs, I'm just looking at the charts. I still think gold will go over $5,000 so don't get your panties in a wad. Part of what I'm theorizing is that when the markets finally collapse all asset classes get crushed initially, then ALL the money begins to flow into physical gold and silver. Right now there is no doubt that gold is still overbought (technically) and could use a correction (the current 400 points is only a partial correction). Silver has been pummeled, so why can't gold play catch up? There are natural support levels set where China and Russia first started coming in as bigger players near 1,100 or so. Let's take a look.

First monthly (/yg) 10 years. $270 is where we start this venture. From the low to high of $1,927 that would leave the Fibonacci retracements as 38% 1284, 50% 1,095 and 62% 905. OK, let's eliminate that 905 from the discussion now, not gonna happen although that long term green support diagonal off the lows as ultimate support would make a tasty target wouldn't it (if it did that upper blue resistance diagonal would have to hold and it would hit in March of 2013 - even tastier if you like the global collapse to happen this year). Please note the MACD at extremes and about to bear cross. Also note the falling S Sto and RSI. These should not be taken lightly on a monthly chart.

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.