Nasdaq Update - A quick nasdaq update

Nasdaq Update

Right now traders are just holding their breadths to see what happens.

If you have a look at the nasdaq, (or the leader of the market) we seem to be what I term coiling where the market spends a few days of doing hardly anything, after a big movement.

Do not worry this is normal, after such an extreme move, and the smart money taking their position.

The nasdaq has still not hit its upper targets, and the market is holding fairly well. So right now the best thing do to is to be patient.

GOOD THINGS COME TO THOSE WHO WAIT? well, that could be the case here. However we may have to wait till later in the week to get a better read of things.

The bulls still have the upper hand here, otherwise we would be down much more significantly.

Nasdaq Update 

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Inverted head and shoulders - a inverted head and shoulders

Inverted head and shoulders ?

Today lets do some pure Technical analysis and measurements on the S&P 500 chart.

The holiday reversals at the end of December we skidded down but I will still class this at the bottom of the right shoulder of the inverted head and shoulders.

So we have the bottom of the head and shoulders at about the 1340 level. If take the measured move from the bottom of the head to the neckline, and double that over, we are up around the 1495 - 1500 level. Possibly higher.

We have already broken the neckline, and broken it very convincingly! So it will be interesting what happens in the next week or so.

The weekly chart on the daily if you zoom back is also asking for the 1490 - 1500 level. So that is giving us a double confirmation we might see these levels.

The smart money is now back in the market, and they were not short. The novice retails traders who traded through xmas were short, and it was the wrong move to make.

As you can see on the chart below, what a difference 2 or 3 days make on the market.

Inverted head and shoulder patterns do not always work out, but when they do, its a real sight to see. So now we have a double confirmation we will wait and see what happens. :-)

inverted head and shoulders

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risk on risk off - is it risk on or risk off

weeeeeeee! Up We Gooooooo!!!! LOL :P

The S&P is up over 70 points in 3 days. WOW! IT has been a complete BEAR SMOKING to the upside here.

We warned our readers to not fall in love with the downside, when we were in low volume holiday trading and now you can see why :-)

Today was a good day in the market. MOC we had almost 7 billion volume to buy. Even though the markets are overextended, they can remain that way for a while. Bears have really been creamed in the last few days, and probably lost all hope. LOL :->

What is happening right now, is that we get all these little FALSE sell offs, and that has been tricking the bears. They have been trying to test the market on the sell side, they put in their buys stops, we rally up higher, then their stops go off like a rocket and that gives us more of a boost higher!

When you have NATURAL CASH buying or buyers in the market, like we do have right now they send us up higher and keep us triggering the buy programs and or buy stops up overhead. That's what I saw many weeks ago, and warned our readers and that is why we keep ripping to the upside.

Over the last 4 days, smart money has put $5.5 billion dollars to work in the broader markets. In laymen's terms this means in the short term, the markets are most likely to go HIGHER. YES!

I guess we can say that there is a little bit of risk here also at the moment. The higher the market goes up without any serious pullbacks, at some point we will get that pull back and it will probably be a good sized one.

Now we are above our important levels of 1440 and 1450, it means that we are possibly making our way to the 1485 - 1490 now, so prepare yourself. :-)

Already our members are off to a flying start for 2013, and we are only a few days in. :-)

Happy trading :-)



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eu bailout fund - approved

eu bailout fund has been approved overnight and the market shot up a bit higher! I do not have to tell you what a joke this eu bailout fund really is right ?

eu bailout fund approved....yes! But the bigger news comes with the FED announcement on THURSDAY! Many traders and analysts have been waiting, and the expectation is that they will announce QE3 or some sort of quantitative easing.

Well... your guess is as good as mine as to what happens. I could go on all night about the fed, and their evil schemes in regards to what is happening in the economy. If you think things are getting better out there in the economy, I mean in the real world you need to go to your doctor for a check up.

Anyway, with the eu bailout fund out of the way, on to the charts for THURSDAY!.

As you can see, the market has been flattish for the last few days. It almost seems to be creating a bullish flag. But overall we are still in the upwards channel.

What I do what to say here is that the markets and sentiment are still firm, however the last few days we have seen selling on the close, and some of it has been fairly big. 

Firm action, but it is interesting that we HAVE NOT taken out the old 2008 highs, the market really is having a hard time trying to do that lately.

We have the Fed decision tomorrow at 11:30am and also jobless claims, so it might be a day to wear your helmet with the chin strap! :-)

I'll be back tomorrow and we shall see how the market reacts to the big FED NEWS!

Happy trading. :-)

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Quantitative Easing History - Shocking Secrets

Quantitative Easing History - Shocking Secrets
RANT WARNING! : For those that refuse to listen or have an open mind to the truth, this post is most definatly not for you! ;)

There is a lesson you need to know in Quantitative Easing History. Right now all we are hearing on the news and radio is how the NOVEMBER elections are coming up, and which man is the right man for the job. Romney, some rich guy, who only wants to get famous, or the black guy from down south, OBAMA who is the currently running the show, but going down as one of the worst presidents on record. 

Let's face the facts, here we have two boys in the school yard showing off, and trying to tell the other, MINE IS BIGGER THAN YOURS....With everyone else around them cheering. Pathetic really!, and at the same time, we are experiencing one of the worst financial crisis's on record. Just think about how much money is being pumped into these campaigns to help both these morons. Probably billions of dollars, yet at the same time, there are people on the street with no job struggling. Poverty is at an all time high and how much of this money are those in need getting. ZERO ....ZILCH.... NUDDA!

It makes you think about how the world really works, and that is what we are talking about here. This money is being spent and it is money that was not really there in the first place. Funny how that works...Right? And now there are hints of QE 3 (or quantative easing 3) and again they seem to be getting all this money out of thin air. 

Most people have not caught on yet, that the world in which they live is different to what you see on the outside. Beneath the surface there are evil banksters who have organised this financial crisis for a reason. To get more power and control. The next guy who becomes president (I am guessing it is more likely to be OBAMA in November) is just a puppet on the string for the elite. They already know who they want to take office and the most manipulative so that they can get their job done for them, whether you like it or not.

The sleasy white collar criminals lay beneath the surface, and love the fact that 90% of the people out there are asleep to what is really going on. Their plan years ago is succeeding. 

1) CREATE A TYPICAL SOLUTION TO THE PROBLEM  (Quantitative easing, buying up debt)

THEN....

2) CAUSE THE PROBLEM (simply to create derivatives, CDO's, Subprime, Leveraged Vehicles etc)

To the naked eye, most thought it was the opportunity of the century, and got involved. But just look what has happened since! The elite were always two steps ahead of everyone out there, and used their minions to implement and bring their plans into existence. All the while people with either limited funds or lots of money got netted into the scam. Are you starting to see what is actually happening now?

Now what we have is one of the biggest financial implosions on record, and the money for the middle class and poor is yet again being siphoned off to the elite and those rich bankster gangsters, just like they planned. The rich get richer and the poor get poorer!, it is not just a saying, it has real truth. 

Quantatative Sleasing 3 (or QE3) as I call it, was planned even before QE1 was even implemented. They have an agenda and are sticking to their plans here at the end of 2012. What happens next, I am telling you is going to be bad, VERY BAD, because that is where they need things to implement more of their evil plans.

They are going to run things into the ground, so they can again buy them up cheap. That is what they are going to do whether you like it or not. This is already happening. It has already been planned and they have their weasly ways on how they are going to implement it slowly so the average person only wakes up when it is too late. When I say they will "run things into the ground", you are only just starting to see the beginning stages to all of this. When things are in full swing, you will remember reading this post and probably not like the things happening around you day to day or even in your home town. But don't shoot the messenger, I am just here to warn you.

Time to wake up and prepare was yesterday. Cause the coming storm is an F5 and most people will not be ready for it. Go figure huh?

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