Through the use of current market charts I will give examples of using technical analysis as the backbone for a trading or investment strategy. Your charts and the technicals used to set them up are an important part of the technical strategy. It is common to see an analysis where only one or two tools […]
S&P Exhaustion S&P Overextended The S&P is sitting a full 34% above its 200-weekly moving average. We have NEVER been this overextended above this line at any point in the last 20 years. Trading Volume US Trading Volumes Have Plummeted 50% Since 2008 FED Balance Sheet -v- S&P Price Has […]
REVISITING “M” TOPS WITHIN MEGAPHONES We believe the Intermediate “M” Top is near completion. Our expectations are for either a 6% or 12-15% correction. The signals to watch for and to know are: 1. A “Death” Crosses in the 50, 100 and 200 Daily Moving Averages (DMAs), 2. A curl in our Monthly S&P 500 […]
Since Q4 2013 we have felt the Intermediate Term Top would arrive after the June Quadruple Witch. As we got closer we tuned that prediction to after the July options expiration to align with a July 16th Bradley Turn, July 17th Phi Cluster Zone and the July 18th Options Expiration. The July 30th FOMC Meeting […]
FINANCIAL REPRESSION 50% of all US pension fund assets are invested in stocks BEFORE Financial Repression BONDS were “for Widows, Orphans and Pensioners” For those who couldn’t and SHOULDN’T take risk Now the government is forcing Public Pensions into Stocks Why The Fed Can’t, And Won’t, Let The Stock Market Crash 08/16/2014 Zero Hedge When […]
Same $#!+, Different #PIIGS Desperate governments call for desperate measures Unfortunately for us, citizens often end up paying for the mistakes of their governments. That’s not how it should be but, sometimes, that’s how it is. If and a when a government is no longer able to meet its obligations, capital controls, broad wealth […]
CITI: The Economy Has Entered Its Scary ‘Phase 3’ Where Bubbles Form Prior To A Crash 08-15-14 Citi via BI Citi analyst Rob Buckland has published this diagram of where he thinks we are in the economic cycle, and it’s slightly terrifying. (We first saw the note on FT Alphaville.) Basically, we’re in “Phase 3” of a four-phase […]
Seven charts that leave you no choice but to (not) feel optimistic about the US economy At the end of July, 2014, Quartz posted an article called “seven charts that leave you no choice but to feel optimistic about the US economy”. Although the facts that they presented are correct, the conclusion that they drew […]
The Technical Market “I think it’s time we stop, children, what’s that sound Everybody look what’s going down” Buffalo Springfield Rarely is anything quite what it seems in the world today, and the markets are no different. Multiple articles in this month’s issue highlight several “layers” that exist in the markets: from the Global Macro […]
Insider Trading and Financial Terrorism on Comex Paul Craig Roberts and Dave Kranzler July 16, 2014. The first two days this week gold was subjected to a series of computer HFT-driven “flash crashes” that were aimed at cooling off the big move higher gold has made since the beginning of June. During this move higher, […]