Hourly Chart Trouble

Hourly Chart Trouble

I woke up this morning, and turned my S&P 500 hourly charts, and I have to say the first thing that stuck out at me is the head and shoulder chart. Normally these sorts of patterns are seen as bearish. So I would expect that FRIDAY that some downside pressure is going to come to the markets!

Here is the hourly S&P 500 chart below. 

SPX HOURLY CHART - Head and shoulders pattern

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Bulls Win Again

It was a very quiet day on the market, but the BULLS WON AGAIN!, not surprises here! Yes ok! we are a bit overbought up here, but there is still room to move higher, and the smart money is still hinting we could see higher prices in the next day or so?

For most of the day, the S&P was stuck in a 4.6 handle range.

Here is an INTERESTING STAT : On the month, the S&P has been up 18 out of the last 21 days or up 12 out of the last 14...or UP 10 OUT OF THE LAST 11!!

It seems we are still in an upwards channel on the SPX chart. 

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Vix Update - Vix Chart

It simple analysis here, the VIX simply melted back down near the recent lows and is having a hard time still. All eyes are watching wedneday to the FOMC meeting.

This VIX is still being suppressed, and just cant catch a bid at the moment! We feel that the VIX is going to find it a really hard battle to break the 15 - 16 area. Its all about the VIX right now, and now the shut down and debt crisis is over until at least next year the VIX is very telling.

VIX CHART

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Dynomo Tricks Bears Warning

I am a bit cheeky to post this, but I think the bears are in trouble this week as it is FOMC week.

Check out the chart below and follow along! LOL

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Spx Update

Spx Update

We were expecting some upwards momentum on the market FRIDAY and we got it!

The bulls won yet again even though there still seems to be this bearish tone amongst the news and other blogs.

It's self evident that whilst QE continues...we're likely going to keep powering in an upward fashion.

This was the third consecutive weekly gain for the US equity markets. There were some major buy stops hit at the end of the week, and if this keeps up, we could see the 1790 - 1800 area soon we feel.

We have the FOMC next week, and I doubt there is to be any spine tingling bearish news on that front. On the 60 minute chart below you can see that even though we have been going sideways, this market has really been holding well thus far.

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Pennant Pattern

Pennant Pattern

Pennant Pattern on the S&P ?

When you look at the daily chart it seems most the action this week has just been coiling for maybe higher prices coming soon.

WHY?

There is what I would be calling a PENNANT on a POLE on the S&P chart right now and normally these patterns precede higher prices on the charts. We shall see, check out the chart below.

pennant pattern

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nasdaq update

nasdaq update

There really is nothing more to add at the moment, the market is still bullish and going full steam ahead, the delayed jobs report and other negatives around the market are plainly just not getting it down.

It is like the market has taken a sip of party punch that consists of liquid VIAGRA and also RED BULL, and this is the results.

The market has been rallying for days, and my thoughts are the bulls are no where near dead, leading on to the end of the year.

The nasdaq hourly chart is powering ahead in droves.

 nasdaq hourly chart

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NETFLICKS Chart

Netflicks Chart

Take a look at the netflicks chart.

Today we broke out to new highs, but not to mention this stock has been travelling up and up for months in a very nice channel.

This is one to keep an eye on for the remainder of 2013. This chart looks pretty nice from a technical point of view. 

netflicks chart

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My Seriously rediculous Prediction

My Seriously ridiculous Prediction

Yes! ok, lets face it, no one knows where the market is going to go next, and this is true, but lets face another TRUTH here.

The S&P is almot 1100pts above lows sent back in 2009 when this bull market began. We are now in new territory, and multiples and ratio's are still low for my liking, and this means, there is a GOOD chance this market will rally up higher soon.

YES! I have been taking my meds, and thanks for asking LOL...

But 2013 has been a painful year for bears, and if you are one of them who keeps trying to short this market and losing out then you will not like what I am about to say....

Check out the monthly chart below...

While some might say this is a chart about to crash, or this chart is doing nothing. I would disagree, anytime I have seen a monthly chart like this in my 15 years trading, it normally means the market over the longer term is ABOUT TO GO HIGHER!

You can see just how bad it has been for the bears or those trying to short this market. OUCH! Even in the last 6 months this market has hardly seen a correction, they have been pretty pissy at best!

Like I said, in my own humble opinion somewhere in the next 2 years we should see 2000 - 2100 on the S&P. I know some people are going to laugh at that prediction, and in no way am I saying we skyrocket up to these levels quickly, of course there will be some corrections and bone crushing news that leave us hanging for a few weeks, however you must understand we are still in a bull market, and bears and those trying to short this market each week are only helping the cause to send us up higher, just like this week as the smart money keeps squeezing these bears out (and or their stops).

spx monthly chart

What the average trader out there is not realizing is that The Federal reserve are NOW BACKED INTO A CORNER, they have done it on purpose, and will be forced NOT TO TAPER anytime soon, if at all. YES!!! I am deadly serious about that. There is even a possibility the could increase stimulus. Wouldn't that go down well. But do not be surprised if this does indeed come to fruition.

There are cycles I have been looking at, hinting there is still 18 - 24 months of UPSIDE left in these markets that could end in the latter part of 2015.

Make no mistake, fighting the fed, is the quickest way to lose money in this market. So If QE is still ongoing to a large extent in 2014 & 2015 (QE across all of 2014 is now a given), do not be surprised to see this market KEEP GOING UP, AND UP, AND....UP!



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TAKING A DUMP

USD TAKING A DUMP!


The last two days I have notice some clear and defined action in the US dollar. As you can see, it looks like the USD is taking a dump and money has been reaming back into stocks and equities sending us up higher.

This basically occured as soon as they worked out a deal in washington, and we have broken support. Could mean lower prices on the US dollar soon, obviously.

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When Fear and PANIC Say BUY

A few days ago, we warned that the smart money was buying up the market, even though there was major panic in WASHINGTON, and even though the US was on the verge of default!

YOU CAN VIEW THE POST HERE =>  BIG BOYS BUY UP BIG!

What I can tell you is that the market has skidded up higher since then, and not only did the US NOT DEFAULT the government shut down looks to being solved also.

There is a saying in the market that sometimes FEAR gets so much, and so intesnse it actually creates a nice buying opportunity. This was a classic example.

Where are we at now? That that is an interesting question....the buying got so fierce in the last few days, the NASDAQ is now at YEARLY HIGHS.....

We have been warning our readers not to fall in love with the downside all this year, and now you can see why. People shorting this market are not only losing money but be frustrated to the max.

Have a look at the chart below.

Nasdaq daily chart

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the coming financial collapse - when will the coming financial collapse hit

the coming financial collapse

when will the coming financial collapse hit?

If you have been hiding under a rock these last few year, you might not realise that
the coming financial collapse is only a whisker away and many people are not aware.

If you are one of these ones, I would like you to watch this video below. If you are awake, and know that the coming financial collapse is inevitble, and have already been preparing, then I would suggest you forward this page to a friend, family member or loved one and teach them about the
the coming financial collapse and how they too can prepare.

The coming financial collapse is not a myth.

the coming financial collapse is not some wild conspiracy out there, you can see that the coming financial collapse is getting closer even this week there is more proof with the debt ceiling agreements, and all the rest of the shenanigans going on in WASHINGTON. If the US does not default this week, they are only delaying it for another year or so.

I thought today was the perfect opportunity to share with you this video (BELOW) on how you can prepare and even profit in the coming financial collapse

v

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big boys buying up big

big boys buying up big!

It seems that some of the big boys on wall street are buying up big on the market. This is significant for 2 reasons we feel.

1) It means they are pre-emting that the debt ceiling will be lifted, and the govt shutdown will re-open. 

and....

2) They are also guessing this will mean the US will not Go into DEFAULT later in the week. 

Whatever the case, there has been alot of activity in the market the last few days, as you can see in the supply demand indicator has now confirmed this.

We are not saying the US will not DEFAULT. We are simply showing our readers what the smart money has been doing in the last several days. Now we just wait and see what congress decides, but most of all follow the charts.

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spx weekly update

spx weekly update

This is a just a small part of our weekly newsletter. 

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Wow! What a difference a week makes. This is the large cap S&P 500 to show that the market was not looking very healthy but positive news about the US NOT DEFAULTING and a DEBT CEILING agreements being met, we have now climbed back up into the wedge. Climbing back up into this wedge may see much more higher prices in the coming weeks.

But realistically we have much to get through, and my guess is the criminals on wall street and Washington will again leave it to the 11th hour before deciding on what to do. Time is off the essence for them. 

So next week is a very big week coming!!!

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vix weekly chart

vix weekly chart

the vix weekly chart got up to resistance and then positive news that the US is not not likely to default and VIX got squashed. This gave much life and vitality back to the futures.

We have OPEX next week, and technically OPEX tends to make the VIX sell off. So we shall see what happens next, we also have the debt ceiling agreement to be made on FRIDAY or the US will go into DEFAULT. A big week awaits, hope this helps.

vix weekly chart

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spx chart update

spx chart update

As you can see on the chart below, we are now out of the downwards channel and heading up higher.

We warned our reading not to fall in love with the downside and now you can see why. Not matter how bearish everyone got, this was just YET ANOTHER dip in a BULL MARKET, so make sure you remember that, that no matter what everyone out there are saying, YES! we are still in a bull market....still.

As you can see the chart we have broken through resistance and those SHORTING this market and expected a DEFAULT on the US economy, are very sore today. The criminals running Wall Street and also the WHITEHOUSE had many people fooled this week!!!

One of our rules is that it takes weeks to take the market down, but only a few days to erase those loses in a bull market. As you can see very clearly on the chart below.

spx chart update

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confusion sets in

confusion sets in

confusion sets in this week as investor are getting nervous about a US default. Well who knows if that will happen, but If you look back you can see these morons on capitol hill always leave things to the last moment, and it will be no different this time.

Ever since [Larry] Summers dropped out, Yellen's name was what people were expecting—so the market likes the nomination, but it wasn't necessarily a surprise analyst at Schaeffer's Investment Research. Also, the ongoing woes of Washington are taking attention away from Yellen's nomination.

I think in the shorter term, there appears to be a couple of obstacles that will prevent any real market conviction. Until the government reopens and the debt ceiling debate is settled, the market will be probably unable to develop any bullish momentum.

You can see this in the market, take a look at the DOW JONES that chart still looks pretty bad technically. It can't seem to keep its head above water at the moment.

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Bearish Rising Wedge

Bearish Rising Wedge

Stocks tumble 1% to end at lows as DC worries linger, Dow drops nearly 160; The Vix got above 20 today too. Take a look at the SPY Chart below. An interesting pattern has set up.

There seems to be a bearish rising wedge on the SPY, and it looks to be in a bit of trouble here. I guess the bullshit out of wall street and obamas mouth is finally taking its toll on these markets. Say no more, a break below the rising support line is bearish in my book.

bearish rising wedge

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Debt Ceiling 2013 - shocking chart of the Debt Ceiling 2013

Debt Ceiling 2013

Just so you know.... The current debt ceiling level for 2013 is exactly  16,699,421,000,000

Just so you know..... I did not make up those numbers, they are exact if you do some due diligence.

Here is the debt ceiling chart since 1997..... WOW!

debt ceiling 2013

My goodness! As you can see the total debt subject to the limit as a means of limiting govt debt it just doesn't work at all. What a mess!

This has been going on in one form or another since 1917 and even back then it did not work and never has worked. So I guess they will raise the debt limit again, this year and then have another crisis next year in 2014 also.


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DJIA chart

Taking a look at the dow jones daily chart you can see the sell off has continued.

We are seeing more profit taking by the big guns also, as we explained here 

We are nearing significant support as the debt crisis and the Gobbermint shutdown continue.

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Gold weekly chart - Gold weekly chart is bullish

Gold weekly chart

Gold weekly chart is showing us that even though we have seen a nice dip down if you go back to about 2006 the major uptrending line has not really even been broken. Infact we have come back to some sort of fair price median, that is likely to continue in the long term I think.

The trix is also showing us massive value as it is very oversold. So gold is worth watching at the end of 2013 and especially early in 2014.

Gold weekly chart

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Six dangerous myths about the debt ceiling

Six dangerous myths about the debt ceiling

With the myths about debt ceiling looming, many people do not realize the lies and misconceptions being spread around about the debt ceiling.

Six dangerous myths about the debt ceiling

Six dangerous myths about the debt ceiling


1) The debt ceiling is a different animal. If it's not raised by mid-October, the Treasury can no longer pay about a third of the government's bills. Those payments amount to about 6.5 percent of gross domestic product.

2) It's true that the government will still collect revenue far in excess of what it needs to pay interest on Treasury bonds, only about 7 percent of total spending. That would prevent a default that would clog the global river of credit—much like the collapse of Lehman Brothers in 2008—sparking another financial markets meltdown.

3) Some wonks—and more than a few members of Congress—are seizing on language in the 14th Amendment they claim would let the White House order the Treasury to borrow. Section 4 says, in part: "The validity of the public debt of the United States, authorized by law …shall not be questioned."

4) This brainless whopper surfaced the last time Congress played chicken with the debt ceiling. While it seems to be in remission, look for it to reappear on cable talk shows. Under this silly scenario, the Treasury uses its powers (under Title 31,Subtitle IV,› Chapter 51, Subchapter II, paragraph 5112(k) of the U.S. Code) to mint a coin worth a trillion dollars, deposits it in its account at the Federal Reserve.

5) The debt ceiling does nothing to limit or reverse spending already legally authorized by Congress—from military pay to Social Security. All it does is allow the Treasury to borrow the money to make good on those spending decisions.

So freezing the debt limit doesn't "take away the government's credit card.

6) Congress can't be that stupid, but That's what everyone said about the government shutdown. Since engineering that self-inflicted fiscal wound, House Speaker John Boehner, D-Ohio, has reportedly told congressional colleagues that they won't let the debt ceiling standoff force the government to default.

Six dangerous myths about the debt ceiling

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Market update october

Market update October

There is no doubt the GOVT shutdown is having some sort of affect on the market, but it is more directly related to the debt ceiling agreement that is coming up in the next few weeks. We shall see what sort of BS the congress has in store for us then. I always get a good laugh out of their lies, BS and propaganda. Thank goodness that in the VIP MEMBERS AREA HERE  we only  concentrate on all the charts that do matter. It has been a good week for our  VIP MEMBERS  HERE 

Onto the charts.....

With all this downdraft on the markets, you can see that the S&P is in a downwards channel. Things are still favoring the bears, and below 1700 should be bearish, and above this level should be bullish in my eye. We shall see what happens next!

spx daily chart 

We have been watching the VIX very closely, as a few days ago, we did warn it was staring to look particularly strong! Just look at all the events moving the vix at the moment, pointed out in the chart below. Today we broke 18 on the VIX as you can see, but by the close of the market the sellers came right back. Breaking 18 today, is significant, and does mean two very important things.....

1) Traders are looking for a flight to safety and insuring their bets on the market. 

2) There is a good chance we see higher prices on the VIX soon. 

If these things are true, it will only put more pressure on the stock market and indices.

VIX chart

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Bonds Daily Chart - What the bonds daily Chart is saying

Bonds Daily Chart - What the bonds daily Chart is saying

Having a look at the bonds daily chart, since the Ben Bernanke and the fed have chosen to keep purchasing bonds, and that news has come out, you can see the bonds look perky right now.

Not only that but bonds seem to be coiling right now, and it seems that a bullish flag might be setting up. If this does break out to the upside that would be bullish for bonds, and bearish for stocks and equities.

bullish flag pattern

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