Monday, November 11, 2019

Market Update - Veteran's Day - 11/11/2019

Seeing a little pullback off my red line on the NASDAQ this morning. Call is a weekly OPEX hangover, after last weeks short covering, into a holiday. Lot's of people took a 4 day weekend, and I may take the day off. I already turned the $VIX alert off, and expecting low volume, and volatility.

So, what's moving this market? Value stocks, as recommended by the racketeers at J.P. Morgan, back in Nov.   See: Shift into value stocks could fuel a solid rally, says J.P. Morgan - Market Watch

I trust the charts, not the crooked bankers, or the corporate owned financial fake news, so let's take a look at this rally in value stocks, as the world burns See: Gerald Celente's analysis of the current trend - already cued up , in the latest Kaiser Report, and The Real Stock Market Is Declining - 

$IWX - Russell Top 200 Value ETF - Look pretty much like what we're seeing in the $SPX, resistance at my red line. Also see the bullish channel - in black. Black lines, are always an alternate, or contrarian pattern, and you're going to be seeing more of these, in the public charts area.  I'm calling this a head-fake wave "B", and expecting a tremendous reversal, any day now, and we may have already seen it. Of course, it could hold up for few days, and even retest these levels - a week from now - as saw back in July (for comparison). Tops take a while to form, and with OPEX coming on Friday... stocks will probably hold up a little longer. 

One more thing: Lying CNBC brought someone on, on Friday, to tell us the Transports has broken out to all time highs. Total fabrication. Unless the $TRAN chart - below - looks like an all time new high to you!


Have a great day,


Friday, November 8, 2019

Market Update 11/8/2019 - Another Rigged Weekly OPEX, Right On Schedule

So much charting this morning! I was up at 3:30 AM thinking about it, and got right to work, but there's a lot going on, and a lot of possibilities here, and the opening bell rings in less than an hour.

I suppose I should continue where I left off, and expose how the financial engineers have managed to manipulate the market higher. Creating one asset bubble after another.

The NASDAQ is being artificially stair stepped up, and I think I want to ditch the 10 min chart, since none of these support levels are valid.  

 NASDAQ: "Stair Stepped Up", Jim Cramer style. I actually hear him brag about this, back when I used to watch his show. I heard
 him say something to the effect that, "I told them it was better to stair step the market (up)". You'll have to ask him, who he's referring to when he says, "them", but I think I know....

$SPX - similar thing going on here. It was just stair stepped above the previous channel.
After I published my LT chart, I saw CNBC report that $QCOM was almost back to where it was trading in 2000. This is pushing the narrative, "Getting Back To Even", just as I pointed out in yesterday's blog. Perhaps they've been doing this for 20 years, because they seem pretty comfortable talking about it?  

 Speaking of Tech Bubble 2.0 and the cash burn.... See:

The opening bell rang a half hour ago, and it seems like stocks are likely going to remained pinned this weekly OPEX.

No, it was sold, and the fact that they sell every "Trump tweet", also tells me who's running this game. Job #1 - Make Trump look bad. Create china trade fear.

$SPX - Market just found support at my pink line: This is the real time chart located in the public charts area.

$SPX - Looks broken on the 60 min view. Could be the bulls are going to be left holding the bag, waiting for a $SPX 3100 target. Next week should be interesting

Support looks like 3018 - at the breakout point.

Speaking of Manipulation.

$TSLA - Looks like the short sellers are going to remain trapped on this weekly OPEX. I haven't updated this chart for while, but you can see where it broke out. I called the bottom back in June, by the way.

$AMD - the rats will also collect on their Semiconductor pump-job.
$QCOM is being held up above $88 (90).

$NVDA Calls also get paid. It's all about the rigged Options markets, and Tech. 

So the market is going to hold up after all, but I see a possible False Flag coming on the release of the IG report. Anything to protect the corrupt deep state, and change the news cycle. Maybe just a wag the dog, event? Maybe China is working with the deep state, and planning to throw Trump under the buss anyhow. Who knows?

DiGenova: FISA Report Will Ruin Careers, "People Are Going To Be Indicted" RealClearPolitics

Have a great weekend,


Thursday, November 7, 2019

Market Update 11/07/19 - Part 2

Picking up where we left off. The $VIX remains elevated (well off the recent lows), so the market is fearful, so I remain fearful.

Getting back to stocks like $BABA (trading in a wave b). That's a little counter-trend rally.
See the wave c target on the chart in part 1 of today's, update. 

Qualcomm: They obviously drove this to a slightly higher high, just in order to squeeze some retail short sellers, but also this look like a  capitulation top in wave 5. They probably think it should trade back to the top of the channel. News Flash; Wave 5 seldom trades to the top of the channel!
Also see my green arrow, where it was driven back above the 2002 high? Read Jim Cramer's new book called, "Getting Back To Even", for more on that trade. So rigged! Even "FAANG" is a scam.
Pump 'n' dump market! 

$SOX - This is a 20 yr chart - we're seeing a little throw-over the top of another triangle. Again pumped above the 2000 high, because hey that's the jester's playbook! Looks bearish as hell. Wish I could add to $SOXS, but I'm already Net short 2 sectors.   

Getting to what's driving Europe, and what's likely going to take it down. Not China Trade, but PIIGS!

Why not make it PFIIGS with a silent P, and include France?! 

Portugal: Totally insolvent, and coming up against resistance at my thin blue line. Of course the world bank can continue to bail them out, with 0% interest, but where does that lead? I think bond traders might know....

FRANCE: Could be a truncated 5th? Anyhow, I don't like the triangle it's traded into, unless it can be confirmed as a bullish continuation pattern. That seems unlikely, no matter how much Macron is willing to suck up to China. See: Europeans look to China as global partner, shun Trump's US


IRELAND - Sorry I don't have an Ireland Chart.


SPAIN: I'd say, this one looks far worse, than the rest, and if it's going to take out the lower channel, it has a long way to fall.

It's no wonder the bond market, and gold, and the Repo market is blowing up. 

$DJUSFN: Dow Financials. Looks like another throw-over, out the top of an upturned triangle. 

This what it looks like on a 20 year chart. Barely back to even.

That's all I got.


Market Update 11/07/19 - IMF warns Europe to Prepare for the Worst

Funny, I mentioned just yesterday, that I'm preparing for a grid collapse, and then the IMF warns  Europe to "Prepare for the Worst", but this isn't the first time....  See: Davos 2019: IMF Warns “Prepare For A Serious Slowdown” in Global Economy!

 This morning I want to take another look at the $DAX, and the rest of Europe, oh and China! I'm not sure I can accomplish all this in an hour, but let's get to it!

Something I forgot to mention in a previous vlog, is that I nailed the $VIX target precisely, at 12.25. That's like the second time in a month! Tells me it's the dumb money hammering the $VIX, not the financial engineers, who've been driving the $VIX lower, every month, for the past 10+ years. How do I know this? I watch Bernanke brag about the lower volatility in a public hearing. Now the same financial engineers who were ordered to manipulate the market higher, know the whole thing is going to collapse (again), so they lower rates to 0, for grande finale. They have nothing to worry about. They can either sell into the collapse, as they did last time, and I'm sure they've hoarded plenty of gold, just in case of a worse case scenario. Total global financial reset. 

It was the mad jester, Jim Cramer, who coined that phrase, when he called the now infamous "Flash Crash", a mistake. He knew it was not possible for the market to reverse, because I believe he's been in on it. What better public spokes person for the Federal Reserve See: Cramer: Illuminati Not all bad", in his own words.  

And I'm not picking on Cramer. He has a job to do, and the entire network is in on it, I think. The crooked Politicians, main stream media, and the banksters, are all in on the joke.

Yesterday's Trade: Looked weak, as usual. Market futures pumped at the open, followed by flat to sideways. It looked like we might get a continuing pullback, but futures are pointing to a slightly higher high again. 

$EEM - Yesterday's weakness was due in part to the break down of the emerging markets chart. 
You can see on the chart below, where the stop was taken out, but the bulls immediately drove it back up to res. This seems like a desperation move to me; buying the flash-crash. This what they do.
$Oil and Energy pulled back at my target. That was a good trade, but I don't have time to track down a pullback target. For a fee maybe....  

China: As usual the financial networks are pushing for a China deal, and the latest rumor is that "tariffs may be rolled back", in part 1 of this deal....  seems to me the market hasn't been pricing in future tariffs, so this looks like this could be a, "sell the news", event. 

I'm going to have to reveal the China chart in another blog, but you can see the Hang Seng breaking out on the chart, located in the pubic charts area.  You also see massive Option buying in $FXI, and Fast Money Traders driving $BABA into a, "triangle of death". lol
$BABA trading into a bearish upturned triangle. Looks like a 191 target, going into OPEX.

$DAX - Germany. I've already revised this pattern to something other than a broadening triangle pattern.  I think, even as powerful as this rally seems, it's not wave 3, but we'll have to see what it does after a pullback.
This chart still needs some work, but it's the best I got.

I had a lot more charts to get in to, but I've run out of time,
May do a second update this morning, but in the mean time, 
The $VIX alert remain on, whether it takes out 12.25, or not. We're in the danger zone.