I'm even more certain that the recent "terror attacks" in Israel was a false flag, than I was yesterday, because I have more proof....
$DEFN - Bullish reversal, ahead of the Israel/ Hamas terror attacks
That's right, not only was the reversal in Oil perfectly executed, but defense stocks reversed on Friday!
Curious, seeing any usual options activity in this beaten up sector? @jonnajarian pic.twitter.com/TRA8s1rwIy
— Veteran Market Timer (@3Xtraders) October 9, 2023
I reached out to Jon Najarian on this, because he - better than anyone else would know if there was unusual activity in the options market.
I know of at least one defense contractor that was already on my radar; it's one of the names on my list of stocks to watch in 2024. Of course, I'm going to continue to keep that list close to my chest, but I'm sure if the powers that be want to they can hack their way into my stockcharts.com account.
Speaking of Stocks Charts:
Every serious trader should have an active stockcharts account, and when you sign up... be sure to include my (anthonyallyn@gmail.com) email address, in the referral area, so I can get a free month of service.
Motive
The US will send a carrier strike group to the Eastern Mediterranean in support of Israel AP
"Along with the Ford the U.S. is sending the cruiser USS Normandy and destroyers USS Thomas Hudner, USS Ramage, USS Carney, and USS Roosevelt, and the U.S. is augmenting Air Force F-35, F-15, F-16, and A-10 fighter aircraft squadrons in the region"
Military Industrial Complex to the rescue!
This serves several purposes/ motives, for the criminal cabal that masquerades as our elected government.
1. Push Congress to authorize more spending, since they hit a speedbump trying to pass another Ukraine funding bill. Now I suspect they can funnel this money straight to the pentagon, where trillions more dollars can go missing, and unaccounted for. What a racket!
2. This also sends a message to Iran, and Russia. After all, the Battle of Armageddon takes place in that area, just north of Israel, and whether you believe in the prophetic text or not, there are millions of folks who do, and many leaders who want to see it come to fruition.
3. The incentive many countries - such as Saudi Arabia - have to drive Oil prices higher. Remember the oil well fires, and the need to protect our interest in the region, and the Saudi's suspected involvement, including Osama bin Laden himself (a Saudi)?
4. Of course this could just be being used as an excuse to purge (ethnic cleansing) Hamas from Palestine, or it could be for all of the reasons listed above.
5. To control Climate Change, and decrease the population, the criminally insane cabal who run things, may even be planning a nuclear winter scenario.
Nuclear war would cause yearslong global famine
Billions of people could starve to death after even a regional conflict, latest nuclear winter modeling indicates science.org
It's obvious to me they are planning an armed conflict with Russia, if not a full blown WWIII in the very near future, but probably not until next year at the earliest.
I even think US markets could make new all time highs, and if Europe is sacrificed, then money will come pouring into US markets.
This may give us time to create a survival plan, prepare for the worse
As far as the market is concerned
$SPY looks like it's about to test res. - chart last updated Monday afternoon
$NDX NASDAQ 100 took out my (Friday) target
$NDX 15044 totally plausible before the close
— Veteran Market Timer (@3Xtraders) October 6, 2023
Yesterday's close looked a little weak, so I'm thinking we need a stronger close, before we see the bears capitulate.
Even oil looks kind of weak, and I'm in no rush to get short again.
Fast Money; after announcing that the market was way oversold last week, is already getting bearish again. I think they're early.
Take care,
AA
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