I'll tell you this, it gets harder every morning knowing where to start my posts. What there is to write about is nothing less than refuting lies with facts day after day. For example, here we go back into budget talks and the Buffet tax. Really? Now we're naming tax plans for investment grand master billionaires? This tax won't work either. The only tax that will work (other than no tax which they are considering in LA) is a flat tax, but that would not be fair of course. Anyone remember the fiscal cliff? It's still there.
How about the Japan wax on, wax off easing plan? It appears that they may have watched the Karate Kid one too many times. Maybe when you've eased so many times no one can keep count and your debt/GDP ratio is well over 200 playing Russian Roulette with your currency is an acceptable economic measure.
China? LMAO. We all know not to trust a word out of their mouths, but when it is this positive who cares if it is real or not!
Earnings - and I'll quote, "but the lowered expectations could make it easier for companies to beat analysts' estimates and propel the markets further." Now where have you heard that before? Do I need to repeat myself? Lower estimates into a QE lifetd all ships rise no matter how bad the news (remember worse is always better) and get the easy beat at the end. Brilliant! No pain and all the gain. Shall I translate that for the truly ignorant - allow me - What this says is that as conditions deteriorate the markets will go up.
Good luck bears. They got you coming and going. It appears they have an answer for everything - at this time. However, they won't forever. Patience my dear STB readers. Their game is coming to an end. We just have to get this last bull trap, BS, all is well euphoria out of the way (plus they don't have our guns yet, so the takeover can't commence till that is complete).
I mean, all is well. Sure there is this overwhelming concern of nations drifting into protectionism, and states are drafting laws to make gold and silver currency. Those are things you don't need to pay attention to. Those are extremist views that carry no water. Don't worry about bail-ins, deposit confiscation or retirement plan overhauls. That's all just everyday rhetoric.
N. Korea - Who knows. I prefer to think the millionaire playboy is rattling sabers to ease sanctions, but who knows?
Wake up people.
On to the markets -
Wednesday, April 10, 2013
Tuesday, April 9, 2013
Morning Charts 04/09/13 SPX /ES
Disney is about to lay off staff and small business is planning to hire 0%, but the Fed and the cronycrats keep their 2013 employment target at 7%. So, you care to tell me what's wrong with that picture? Never mind that, we all know what's wrong. Just another lie in a long line of BS that is spun by the socialist terrorists running the country now.
Sell in May and go away? That's about all I am hearing now. It seems most everyone is finally on the top call bandwagon. You'd never know it by price action though. Is it any wonder that the sane, the few remaining that can actually see reality, are going so crazy? From the charts to the economy to the political strife, everything is screaming top, yet technically they manage to bust through resistance, challenge a daily reversal candle, deny the negative divergences and hang on yet again against insurmountable odds. This is well beyond surreal folks.
Earnings season is upon us. Not sure if I need to give my quarterly rant again, so here is the abbreviated version I've been giving. Here is how the scam works. Earnings are controlled and manipulated by the powers that be. The analysts set the numbers. They are rosy and look for growth. This lifts spirits and markets. Then they all renig on those numbers a few weeks later lowering outlooks. This is fine cause they are doing it into a market that is lifted by QE, so no one is penalized. Then earnings season comes, no one remembers that the hurdles were lowered and a stream of "beats" comes in like clockwork. Of course CNBS then praises how glorious everything is. Never mind the Repo, FASB gimmickry nor the plethora of government trickery dolling things up as well. All is well, move along, risk on baby!
Most long time followers know that I hate the markets during the first month or so of earnings season, because the uncertainty is overwhelming. I prefer clear paths. The next month or so will more resemble a the Mario Bros video game with potholes and monsters but all the power in the world to overcome every obstacle if you play the game right, and we all know who has the joystick.
On to the markets -
Sell in May and go away? That's about all I am hearing now. It seems most everyone is finally on the top call bandwagon. You'd never know it by price action though. Is it any wonder that the sane, the few remaining that can actually see reality, are going so crazy? From the charts to the economy to the political strife, everything is screaming top, yet technically they manage to bust through resistance, challenge a daily reversal candle, deny the negative divergences and hang on yet again against insurmountable odds. This is well beyond surreal folks.
Earnings season is upon us. Not sure if I need to give my quarterly rant again, so here is the abbreviated version I've been giving. Here is how the scam works. Earnings are controlled and manipulated by the powers that be. The analysts set the numbers. They are rosy and look for growth. This lifts spirits and markets. Then they all renig on those numbers a few weeks later lowering outlooks. This is fine cause they are doing it into a market that is lifted by QE, so no one is penalized. Then earnings season comes, no one remembers that the hurdles were lowered and a stream of "beats" comes in like clockwork. Of course CNBS then praises how glorious everything is. Never mind the Repo, FASB gimmickry nor the plethora of government trickery dolling things up as well. All is well, move along, risk on baby!
Most long time followers know that I hate the markets during the first month or so of earnings season, because the uncertainty is overwhelming. I prefer clear paths. The next month or so will more resemble a the Mario Bros video game with potholes and monsters but all the power in the world to overcome every obstacle if you play the game right, and we all know who has the joystick.
On to the markets -
Monday, April 8, 2013
Morning Charts 04/08/13 SPX /ES
Again (I hate starting a post with that word), here we remain (and we're not going anywhere so get used to it). What's new this time? Well another economic disaster coming to fruition in Japan, but the markets continue ignoring reality. So nothing new to see here. Move along and turn in your guns after getting felt up by a TSA agent against your constitutional rights (sorry, we no longer have those rights, my bad). Welcome to the brave new world.
Japan Bond Market Halted For Second Day In A Row should be a nuke tipped ICBM across the bow of the markets but nooooooooooo. I certainly hope you folks out there are seeing the new reality. The fact that markets are a total sham and that nothing is real in the world of finance. I hope you fully understand that.
Washington's Blog had a great post on how we're doing the exact same things now that got us into this crisis in the first place. You should read and heed it. Actually, what they are doing pales in comparison to what's happening behind closed doors and where they plan on taking us.
So where are they going? Well, I've been telling you for years now their end game is the confiscation of the $19 trillion in retirement savings and that's coming next. Denninger did a nice post on this yesterday. If you have not seen How They Will Steal Your Retirement go read it now. This may or may not save the markets or the country (it won't save either). The discussion around this subject can be endless. Bottom line is it all depends on how the sheeple react. So, ever wonder why they are in such a hurry to get your guns?
On to the charts -
Japan Bond Market Halted For Second Day In A Row should be a nuke tipped ICBM across the bow of the markets but nooooooooooo. I certainly hope you folks out there are seeing the new reality. The fact that markets are a total sham and that nothing is real in the world of finance. I hope you fully understand that.
Washington's Blog had a great post on how we're doing the exact same things now that got us into this crisis in the first place. You should read and heed it. Actually, what they are doing pales in comparison to what's happening behind closed doors and where they plan on taking us.
So where are they going? Well, I've been telling you for years now their end game is the confiscation of the $19 trillion in retirement savings and that's coming next. Denninger did a nice post on this yesterday. If you have not seen How They Will Steal Your Retirement go read it now. This may or may not save the markets or the country (it won't save either). The discussion around this subject can be endless. Bottom line is it all depends on how the sheeple react. So, ever wonder why they are in such a hurry to get your guns?
On to the charts -
Friday, April 5, 2013
Open Weekend Post 04/06-07/13
You know the drill, share the love and the knowledge.
So, do we get an event or some more Cyprusish news after the bell Friday? Will NK drop a bomb on someone? More deposit theft? Some sort of constitutional rape? Who knows these days? All we can do is sit and wait for them to play their little game and then listen to the MSM glorify whatever the government does.
Whatever. I'm bored, tired and sick of this shit. I have a feeling most of you are as well. Can we just end this nightmare? Can we get on with the inevitable, and stop wasting everyone's time and what's left of their money?
STB just waiting on the "event". Catalyst has come. As for top calling - I'd be very surprised if the top was not set Tuesday. I just need to find the nerve and time to make the call. I don't trust them one bit, and my caution has been rewarded. Now I think they've finally bitten off more than they can chew. STB is a bit leery of what they may try and pull off during earnings season.
I suggest you go thru the comments Friday and see some of the charts linked by everyone - good stuff if you missed it. I also want to welcome and thank all the noobs in the comment section for stepping out and up. Great job to all of those.
Weekly Short - Weekly reversal candle needs confirmation.
Weekly Indicator - They love April tops.
Enjoy the weekend.
GL and GB!
So, do we get an event or some more Cyprusish news after the bell Friday? Will NK drop a bomb on someone? More deposit theft? Some sort of constitutional rape? Who knows these days? All we can do is sit and wait for them to play their little game and then listen to the MSM glorify whatever the government does.
Whatever. I'm bored, tired and sick of this shit. I have a feeling most of you are as well. Can we just end this nightmare? Can we get on with the inevitable, and stop wasting everyone's time and what's left of their money?
STB just waiting on the "event". Catalyst has come. As for top calling - I'd be very surprised if the top was not set Tuesday. I just need to find the nerve and time to make the call. I don't trust them one bit, and my caution has been rewarded. Now I think they've finally bitten off more than they can chew. STB is a bit leery of what they may try and pull off during earnings season.
I suggest you go thru the comments Friday and see some of the charts linked by everyone - good stuff if you missed it. I also want to welcome and thank all the noobs in the comment section for stepping out and up. Great job to all of those.
Weekly Short - Weekly reversal candle needs confirmation.
Weekly Indicator - They love April tops.
Enjoy the weekend.
GL and GB!
Morning Charts 04/05/13 SPX /ES
RC likes this chart so much I doll'd it up last night. Enjoy a virtual tour of the STB Monthly SPX Chartbook -
SPX Triple Top - See that little yellow box on RSI? That's one of my top calling secrets. Work that with the MACD Histogram divergence and the ROC double divergence and you get the real story.
SPX Triple Top - See that little yellow box on RSI? That's one of my top calling secrets. Work that with the MACD Histogram divergence and the ROC double divergence and you get the real story.
Thursday, April 4, 2013
Morning Charts 04/04/13 SPX /ES
Not much for me to cover. Call this a frustration post where I'm tired of covering the same old crap over and over again. Call it protest post against all the corruption, theft and greed. I really don't have much to add to everything that we all know that is going down. The charts are where they are. Yesterday's post has the particular charts you need to see. The governments are doing what they are doing. About the only thing new worth considering is N. Korea and the Chinese build up on their border. Just how mental is Un? We may be about to find out.
Minis 60m - Same chart we've been following for a couple of weeks now - First there was the largest green channel. Then that morphed into a blue channel inside. Then a smaller green channel inside that. Yesterday the smallest green channel gave way and price found its self down at blue support. If this goes the green channel support near 1527 should come into play and pretty quickly I'd guess.
Daily SPX - TNX continues to tumble really hard and the dance with the 50dma support is something worth watching. For this chart not to puke all over its self would be yet another travesty in the long line of horrors we've seen over the past three years.
Minis 60m - Same chart we've been following for a couple of weeks now - First there was the largest green channel. Then that morphed into a blue channel inside. Then a smaller green channel inside that. Yesterday the smallest green channel gave way and price found its self down at blue support. If this goes the green channel support near 1527 should come into play and pretty quickly I'd guess.
Daily SPX - TNX continues to tumble really hard and the dance with the 50dma support is something worth watching. For this chart not to puke all over its self would be yet another travesty in the long line of horrors we've seen over the past three years.
Wednesday, April 3, 2013
Morning Charts 04/03/13 SPX /ES
I honestly don't think much commentary is necessary this morning - to sum it up - what ain't bad? Guns going, cash gone, missiles firing, charts topping (well, maybe), care to complete the list? Think the Fed's panties are in a wad? GS? JPM's? How about the EU, the IMF and the ECB that have opened Pandora's box? Outflows? they can't happen but will be demanded. Wow, this thing is falling apart, finally, right in front of our eyes. And to think there are a multitude of sheeple out there that are totally clueless.
You may not have to remain patient much longer my friends. I know this run (for the bears here at STB especially) has been more than agonizing. Unfortunately I have not been able to help your pain with daily doses of Follow the Fed turning to calls for Patience mixed in with a well timed mention of a turn to unprecedented manipulation back in August.
We've discussed it endlessly for close to two years now in the commentary below, they can't let the markets crash or even correct at this point. The catalyst (Cyprus) has finally arrived. I've thought is would be something that would eventually hit them square below the belt and where they can't print it away. Deposit theft and bank runs will be the ultimate game changer. What's to come will be even worse, and they will steal till there is nothing left. Sadly, stealing all the money in the world now will not make the debt crisis ever go away.
All we bears need now is one slip in price. We need for the right sell stops to be triggered and then the HFT algo bots will start the war. Then the banks will start looking for bigger fish to feed on (think LEH round 2). When the banks finally turn on one another, this will be your last chance for preparing for the worst case scenario. Hopefully I won't have to say this much longer, but remain patient STB followers. We're close.
On to the markets -
You may not have to remain patient much longer my friends. I know this run (for the bears here at STB especially) has been more than agonizing. Unfortunately I have not been able to help your pain with daily doses of Follow the Fed turning to calls for Patience mixed in with a well timed mention of a turn to unprecedented manipulation back in August.
We've discussed it endlessly for close to two years now in the commentary below, they can't let the markets crash or even correct at this point. The catalyst (Cyprus) has finally arrived. I've thought is would be something that would eventually hit them square below the belt and where they can't print it away. Deposit theft and bank runs will be the ultimate game changer. What's to come will be even worse, and they will steal till there is nothing left. Sadly, stealing all the money in the world now will not make the debt crisis ever go away.
All we bears need now is one slip in price. We need for the right sell stops to be triggered and then the HFT algo bots will start the war. Then the banks will start looking for bigger fish to feed on (think LEH round 2). When the banks finally turn on one another, this will be your last chance for preparing for the worst case scenario. Hopefully I won't have to say this much longer, but remain patient STB followers. We're close.
On to the markets -
Tuesday, April 2, 2013
Morning Charts 04/02/13 SPX /ES
Not sure where to go with things this morning (evening actually). There appears to be a bunch of confusion and anxiety right now everywhere you look. I guess that is to be expected with the way things are flowing. Banks are insolvent and stealing everyone's money, the markets are precariously at all time highs with the charts screaming sell and the economy is alive only because the BLS and government covers up the real truth.
Look, at a time when the Vanguard chief says there will be two 50% declines over the next decade, you know you are living in perilous times. This of course plays into the hands of STB's buy and hold is dead and active allocation is alive and well thoughts I've been harping since '09. Well, that is if you think the markets will survive the next pullback, and I'm not sure how that will happen. At this time only POMO and government spending hold the hopes of further market advancement. How long can they keep that up? What happens to the markets when they start stealing everything here to continue kicking the can "for your benefit"?
I keep dancing around this top call thingy cause I can't make up my mind how to address the multitude of parameters and various tops that exist. I can't address the endless issues facing everything now because they are simply repeats of everything that has happened over the past four years. I can't do anything with the charts cause the Fed has the markets completely under control. I can't comment on the economy or reality cause nothing is real anymore. We're in a serious, very serious, WTF time if I may say. I'm kind of at my wits end.
On to the markets -
Look, at a time when the Vanguard chief says there will be two 50% declines over the next decade, you know you are living in perilous times. This of course plays into the hands of STB's buy and hold is dead and active allocation is alive and well thoughts I've been harping since '09. Well, that is if you think the markets will survive the next pullback, and I'm not sure how that will happen. At this time only POMO and government spending hold the hopes of further market advancement. How long can they keep that up? What happens to the markets when they start stealing everything here to continue kicking the can "for your benefit"?
I keep dancing around this top call thingy cause I can't make up my mind how to address the multitude of parameters and various tops that exist. I can't address the endless issues facing everything now because they are simply repeats of everything that has happened over the past four years. I can't do anything with the charts cause the Fed has the markets completely under control. I can't comment on the economy or reality cause nothing is real anymore. We're in a serious, very serious, WTF time if I may say. I'm kind of at my wits end.
On to the markets -
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