STB wishes all a happy and prosperous New Year. I thank you all for your support and readership.
To the lurkers, maybe a resolution would be to start commenting and get involved. Share your thoughts and opinions. I was a lurker once. My knowledge blossomed when I became involved. You have a lot to give and now is the time to express yourself. Interacting and communicating is vital. I don't care if you do it here or somewhere else, just do it.
Friday, December 30, 2011
Morning post 12/30/11, SPX
Let the fight to keep the major indexes positive for the year begin. Expect nothing else today. I'm thinking there is the possibility of a late sell off, but that's gonna be as slim a the volume or actual traders left in the pits.
A few posts you must read this AM to keep things in perspective.
Foreigners Dump Record Amount Of US Treasurys In Past Month | ZeroHedge, The global Ponzi is dead and the only thing supporting everything right now is printing or monetization of debt. In other words, the worst case scenario.
European Banks Close 2011 With Near Record Cash On Deposit At ECB, €9 Billion Overnight Increase | ZeroHedge. And they don't have their money in the domestic banks because? Beuller? Anyone?
A few posts you must read this AM to keep things in perspective.
Foreigners Dump Record Amount Of US Treasurys In Past Month | ZeroHedge, The global Ponzi is dead and the only thing supporting everything right now is printing or monetization of debt. In other words, the worst case scenario.
European Banks Close 2011 With Near Record Cash On Deposit At ECB, €9 Billion Overnight Increase | ZeroHedge. And they don't have their money in the domestic banks because? Beuller? Anyone?
Thursday, December 29, 2011
Morning Post 12/29/11, SPX
STB wanted to get thru opex and the 23rd then "all bets were off". This low volume holiday week is a dangerous time to be betting on the market. Heck, any week has become dangerous for that matter. The HFT algo bots controlling the system, the Fed printing to keep the illusion all is well alive, the ECB is "not" printing and all it takes is a meaningless rumor to move this market up 1% (never down on bad news mind you) in a matter of minutes makes for a bad mix.
I'm enjoying vacation. Although I have been under the weather and there is less snow than I have seen in my 20 years of coming here (that is a huge deal as water supply issues in the west may be a problem this year) we're still rolling along having a good time. Looks like some snow will be coming today. I'm enjoying a break from the doom and gloom, but have no fear I'll be back with a vengeance soon.
Daily BB's narrowing quickly indicating some volatility is on the way. Reversal off of solid resistance following the doji. Looks like 1220 area is first solid support. The explosion of the dollar and the implosion of TNX yesterday were not welcomed by the markets.
I'm enjoying vacation. Although I have been under the weather and there is less snow than I have seen in my 20 years of coming here (that is a huge deal as water supply issues in the west may be a problem this year) we're still rolling along having a good time. Looks like some snow will be coming today. I'm enjoying a break from the doom and gloom, but have no fear I'll be back with a vengeance soon.
Daily BB's narrowing quickly indicating some volatility is on the way. Reversal off of solid resistance following the doji. Looks like 1220 area is first solid support. The explosion of the dollar and the implosion of TNX yesterday were not welcomed by the markets.
Wednesday, December 28, 2011
Tuesday, December 27, 2011
Sunday, December 25, 2011
12/26/11, SPX
Monday is a travel day for Shanky. STB is headed to CO for some skiing with the family. Crested Butte, CO to be exact. I'll still be working and posting in the mornings.
I've scrolled ZH and Drudge and don't see anything I want to address at this time. That will change with tomorrow morning's post. Still no AD's this week. Those get back going after the first.
I hope everyone had a great Christmas. We sure did. Thanks for all the kind comments and well wishes last week.
60m MACD and ROC divergences at this potential double top are pretty nasty.
GL and GB.
I've scrolled ZH and Drudge and don't see anything I want to address at this time. That will change with tomorrow morning's post. Still no AD's this week. Those get back going after the first.
I hope everyone had a great Christmas. We sure did. Thanks for all the kind comments and well wishes last week.
60m MACD and ROC divergences at this potential double top are pretty nasty.
GL and GB.
Friday, December 23, 2011
Thursday, December 22, 2011
Morning Post 12/22/11, SPX
In one of those strange and yet at the same time miraculous market phenomenons we like to point out at STB, "as expected retail investors have pulled money from domestic (and foreign) equity funds for 33 of the past 34 weeks, with last week another $4 billion getting redeemed as mutual funds, now unchanged for the year, somehow have to deal with a $133 billion lower cash balance than at the beginning of the year." Retail Investors Pull $132 Billion From Domestic Equity Funds In 2011, 33 Of 34 Sequential Weeks Of Outflows | ZeroHedge. And the SPX is down 17 points on the year. Looks like they are doing the most with what they have left. Remember how close the SPX and the other indexes are to break even for the year. This may come into play over the next couple of weeks (hint: it is a target).
I know this was posted in the comments section yesterday, but in case you missed it, Mark Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero" | ZeroHedge. I suggest that you read about the hidden (from the sheeple via lack of reporting from the MSM) financial nuke that will be the most financially devastating bomb to ever hit the globe. This has been the one point that has had STB in "total fail" mode since 2007.
If you don't read the post at least look at the charts, you'll get the picture. Guest Post: Worse Than 2008 | ZeroHedge. My favorite is this one illustrating, well, you can figure that out. Reminds me of that famous joke, "And all I got for Christmas was....". Folks that is a shitpot load of cash that has been spent and solved absolutely nothing.
SPX 60m - Well, it's baaack. The 60m divergence sparked by the spike last night (surprise) has the 60m set up yet again. This setup has called every move over the past few weeks like clockwork. The markets and minis are set to open above resistance this time (unlike yesterday where they got pulled back before the open). The daily indicators appear to be working their way back up at this time but are indecisive at best.
Even the cash 60m is showing a slight divergence while indicators are at a level they could possibly be tiring out.
Remember the Reason for the season.
GL and GB.
I know this was posted in the comments section yesterday, but in case you missed it, Mark Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero" | ZeroHedge. I suggest that you read about the hidden (from the sheeple via lack of reporting from the MSM) financial nuke that will be the most financially devastating bomb to ever hit the globe. This has been the one point that has had STB in "total fail" mode since 2007.
If you don't read the post at least look at the charts, you'll get the picture. Guest Post: Worse Than 2008 | ZeroHedge. My favorite is this one illustrating, well, you can figure that out. Reminds me of that famous joke, "And all I got for Christmas was....". Folks that is a shitpot load of cash that has been spent and solved absolutely nothing.
SPX 60m - Well, it's baaack. The 60m divergence sparked by the spike last night (surprise) has the 60m set up yet again. This setup has called every move over the past few weeks like clockwork. The markets and minis are set to open above resistance this time (unlike yesterday where they got pulled back before the open). The daily indicators appear to be working their way back up at this time but are indecisive at best.
Even the cash 60m is showing a slight divergence while indicators are at a level they could possibly be tiring out.
Remember the Reason for the season.
GL and GB.
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