Afternoon Delight 05/03/12 - Well?

Is it time to duck and cover? We'll see with the NFP in the morning. To be truthful it all depends on what the Fed wants. How will the markets react to a disappointing number? Will they rejoice because it brings near surety of additional levitating QE? Will they fall apart as the charts have been indicating they will? If so, how far will the Fed let it slide?

Major support was basically decimated today, but the first support under the support diagonal buts has held. As I asked today, under what level do the sell orders sit?

Minis 5m - Here is the wedge I was talking about today. Pink was major support. 1386 that is holding now is first support. 1374 is next.

Afternoon Delight 03/20/12 -You Need To Be Afraid, Really Afraid - The Government Is Taking Over Everything

As the market works on a top here, so many other things are working on their own crescendo. Of course none of this is any good. In fact it is all rather disturbing (quite disturbing actually). If you don't follow the news on the net or rely on the MSM solely for your news you may find some of this either off base or a stretch. Bottom line is what you are about to read below is all real.

It is time for you to take the big boy step and realize just how bad things are both politically and economically. As STB has stated many times recently, the market is NOT the important things here. Far from it as a matter of fact. The markets are a great distraction. They are the smoke screen hiding the painful truth that as an American your rights and freedoms are being taken from you right from under your nose.

In what should be the safest place on the planet for the Secretary of Defense, the unheard of (and never done before) happened, "US soldiers were asked to disarm during a speech by Leon Panetta, the American defence secretary, in a sign of grown concern over spates of seemingly random violence in Afghanistan." Soldiers asked to disarm during Leon Panetta speech in Afghanistan - Telegraph. Yes, we've now reached a point where not even our own military personnel (yes, the same ones we trust to defend the nation) are not trusted with weapons around their own command.

You see, guns are bad. They are not safe and they are about to be taken from us after Obummer gets reelected. An armed nation is not what this government wants.  US Attny General Eric Holder is doing everything he can to rid this nation of guns. If you are not familiar with Fast and Furious, read more about it here. You know, when our government shipped guns to Mexico so they would be used to kill our own law enforcement agents so the government could crack down on gun control. You need to listen to, "then-U.S. Attorney Eric Holder announcing a public campaign to "really brainwash people into thinking about guns in a vastly different way."" The Vetting - Holder 1995: We Must 'Brainwash' People on Guns

If you are a bit late to the game and missed the NDAA (You know the National Defense Authorization Act that says you have NO rights at all and that the government can come and lock you up indefinitely for no reason at all) you need to read NDAA Is Washington’s Totalitarian Response To Political Dissent And Economic Collapse Alex Jones' Infowars. Then came ACTA and Sopa and PIPA where the government launched its strike on attempting to control the internet.

Afternoon Delight 02/08/12 - The Coming Chaos

From the man who should be our next president. Listen very carefully. He's been right for decades and lays it out for you plain and simple. Heed his words. This is not fear-mongering, this is reality.

Ron Paul: The Coming Chaos - YouTube 

I can't add much to that. I just hope you believe his words. That you can internalize them and join the movement for real change. Change that matters. Not false political hype "hope and change" bull that has been spoken in the past. Ron Paul is the only candidate now and in the past that has spoken the truth, been totally correct on economic matters and is spot on about what's coming and how to correct it. Please support Ron and do what you can to promote his cause.

Afternoon Delight 02/01/12 - Ragin At The Machine

Ragin at the machine can get old and tends to wear on you after time (both reading and writing). The emotional swings one goes thru watching your country, future and everything around you permanently relying on intervention to save the day all the while waiting while knowing total implosion is one default away. Remarkable times we live in. Have no fear, STB will won't stop ragin till ACTA or SOPA pull the plug (that is here at least).

The crony capitalist system is in full control, printing when they need it, controlling the government to remove what little roadblock regulations (Dodd/Frank a tragic waste of time) are remaining and the MSM to sell whatever angle needs to be transmitted to the sheeple.

Here is the full control example - For those of you that don't quite "get it", lets start with this video explaining the dire circumstanced that lie behind the Greek /default/bail out deal. Jim does a fantastic job explaining why the system can't fail till it does. Breaking News Ellis Martin Report with Jim Sinclair - YouTube (h/t lurker Susan)

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?

Morning Post 01/12/12 (SPX)

Well, the minis got a higher high last night and as discussed here over the past two weeks the trend up into the FOMC meeting (as markets tend to do) remains intact for now. Stopping 2.5 points shy of the 1300 round level, the minis pulled back on the data this morning. Jobless claims get back to 399k (which will be revised over 400k as is the standard). Gee is that a surprise to any of you reading this? EU rates remain unchanged and they did not ease but will most likely begin printing again in February (thus the pop in the futures).

So, The jobless claims increase 25k and the markets pull back all of 7 handles? Really? That should have been a 20 point thrashing as the "recovery" takes another body blow. I'm sure our president did not like hearing that news. This also makes me think that whoever controls this number would like a new leader for this country after this next election (you have to connect all the dots).

My morning post yesterday was really the most comprehensive market position chart you will find on the web for this time. Everything in it will remain in play for at least another week if not thru the FOMC meeting and OPEX as these markets churn out this top. My Is Gold About to Collapse? post yesterday drew quite a crowd. You may want to see that one as well. It ties nicely to a potential coming collapse in equity markets.

Afternoon Delight 1/10/11 - Postapalooza!

Because of yesterday's debt rant (Total Despair), I got a little behind on the AD links. Today you get AD extreme. I'll try to keep commentary limited. Enjoy!

Market News - 

STB has liked 1040 as an SPX target since the June top. I always appreciate others looking in that direction (and if the Fed would just get out of the way). The Cost Of Recoupling: 235 S&P Points | ZeroHedge, looking at 1050 fair value based on the EUR/USD.

Intervention? Nah, no country would just print money and dump it on the markets just to prop things up to make things look better than they really are, that's silly. Well, is it really? Bank Lending, M2 Money Supply Soar in China; Premier Wen Jiabao calls for "Measures to Boost Confidence in Stock Market"; US vs. China Money Supply - Who is Printing More? Mish's Global Economic Trend Analysis

Afternoon Delight 01/09/12

Big night for those in AL and LA and for the fans of college football. I hope you like low scoring defensive struggles. The total is 40 points, STB likes the under. As for a winner, you can throw a hat over them. Should be a great game with the SEC winning its 6th consecutive national championship.

Sorry bout that, after that most exhilarating day in the markets I got sidetracked. What is there to report on from the markets? Well the Merkozy meeting was a big zero. AA earnings (and the markets reaction to them) were a dud. LIZ and another downgrade brought nothing. Italy yields over 7% and consumer borrowing spiking were non events also. Even PIMCO's Elmer Fudd El-Erian: QE3 Won't Produce The Outcomes We Want did not budge the markets. Looks like the central planners have the sheeple right where they want them, on the sidelines unable to sway the markets in either direction.

Afternoon Delight 01/05/12 - Total Control

Well, if you are confused, don't be. I know the feeling. The problem is that you are not in touch with reality. Reality check! Reality check! You must remember that you are now living in a centrally planned environment where nothing happens without some sort of hall pass from the Fed, Treasury or Obummer. It is a lot like living in China or the USSR, you just did not see the changes as they happened quietly and conspicuously over the past few years.

My how times have changed. Dump all regulation, change the accounting rules, crank up the printers and remove the 4th, 5th and 6th amendments from the Constitution and POOF we now live in a brave new world. When did all this happen Shanky, I missed it? Well, you were not looking and I can't rehash all of that, but if you google NDAA that will be a great place to start, or you can read America's Socialism Tsunami | Conservative Outpost.

Afternoon Delight 11/08/11 - Asteroid Edition

All I can say is that it is a good thing NASA does not hire FRB economists to do their math for them. Let's hope and pray this group at NASA is the only government group we can count on to do reliable math. Once decimal off on this one and it would be catastrophic. Look up in the sky. It is a bird, no it's plane, no it's Bernanke, no it is a really big rock on a near collision course with earth. I have to ask the question - What if they are lying about this as well?

"Fortunately for us, NASA predicts the murderous cosmic body will miss our planet by about 202,000 miles, passing around 6:28 p.m. on Tuesday. That's about 0.85 times the distance to the moon, NASA says. The last time an asteroid this size came this close to Earth was in 1976, and it shouldn't happen again until 2028 -- provided we're still here." Massive, unstoppable rock hurtles toward Earth - WTOP.com.

Market News - Ramp on!

Afternoon Delight 09/28/11 Mini Rant

Scrolling thru the news that past few days has my level of concern for our safety and privacy (basic Constitutional rights) rising yet again. STB and the commenters report daily on issues where we the people are being taken advantage of (in the terms of Constitutional rights being interpreted by the government for our their best interest regardless of the laws in place).

I think it is that time again where I bring to light issues facing you daily that you really need to be aware of. This is serious stuff. When you hear the term "police state" thrown around, maybe next time you won't dismiss it as quickly as some sort of conspiracy jargon.

Lets start with this video from Washington's Blog and MSNBC - Please take the time to watch this: