CHART OF THE DAY

23 thoughts on “CHART OF THE DAY”

Bob UK June 25, 2015 at 3:42 pm

Here in the UK the BBC is reporting that the Greek talks have broken up with no deal. Will meet again on Saturday but the EU/IMF saying that they will make no more offers to Greece.

Time will tell.
Jay June 25, 2015 at 4:36 pm

Where are the trade confirmations for the Fed’s future’s purchases? Do they add the futures to their balance sheet?
1. ken June 25, 2015 at 5:46 pm
  
  Dont think fed buy spy at all.. it is the bank
Bud fox June 25, 2015 at 5:54 pm

I think the fed has been buying /ES futures for more than 6 months.

http://schrts.co/FHHvzq
Sanjay June 25, 2015 at 6:05 pm

What makes you think the manipulation by CB will stop…..Many pundits have been saying this for awhile now…and they have been proven wrog time and again !!
1. gary Post authorJune 25, 2015 at 6:09 pm
  
  I don’t see them stopping, just eventually the market will overwhelm the manipulation and the correction will be more extreme because of it.
Dennis June 25, 2015 at 6:06 pm

The fixers will simply fix the divergence by pushing ip the transport index
1. gary Post authorJune 25, 2015 at 6:11 pm
  
  It’s much harder to manipulate the transports as there is no futures market to intervene in. They would have to buy a whole bunch of stocks. This is why the transports are diverging. They are showing the true path of the market and are already heading down into the 7 year cycle low.
  1. BenzRabbit June 26, 2015 at 2:08 am
    
    BINGO !
BCJ June 25, 2015 at 6:28 pm

Regarding the DJT. Here is a research note from RJ today: DJT support is 8250-8300. “If this level does not hold, there really is not any obvious additional support until 8000, almost 4% below where we currently stand. As I write this note, the DJT just broke through this level and is now @ 8240 (and falling).

Gary: Is the NYA Daily Advance/Decline Ling beginning to look like a head and shoulders patter to you?
1. gary Post authorJune 25, 2015 at 11:21 pm
  
  The AD line is beginning to diverge and that is to be expected at the 7 year cycle top.
Ryan June 25, 2015 at 6:29 pm

Gary – you’re dialed in right now buddy. Keep up the good work.
1. BenzRabbit June 26, 2015 at 2:15 am
  
  Second that !
eran June 25, 2015 at 6:59 pm

Hey what is your s&p target 6 to 12 months from today? 1800 ? 1600?
1. gary Post authorJune 25, 2015 at 11:21 pm
  
  No clue.
  1. BenzRabbit June 26, 2015 at 2:13 am
    
    Below 666 on S&P by October 2016 !
    
    Prepare !!
    1. gary Post authorJune 26, 2015 at 2:22 am
      
      I doubt it. Maybe 1550 this fall or next spring, then a parabolic rocket launch into a bubble top.
    2. red June 26, 2015 at 4:12 am
      
      how about spx 500
pacoquin June 25, 2015 at 7:29 pm

break free.. from fed manipulation ??? you must be joking man….
pacoquin June 25, 2015 at 7:32 pm

.. imo.. not over.. yet.. but ist going to be difficult market for te hext months.. probably until mid 2016… when we might be facing .. another 2000 or 2007…
pacoquin June 25, 2015 at 7:33 pm

dji and transports can be in discrepancy.. a long time.. am speaking of months.. bef it happens what you have in mind.. look at historical charts….
ken June 25, 2015 at 9:15 pm

http://www.sepaforcorporates.com/single-euro-payments-area/eurozone-crisis-greece-stay-greece-go/
Marek June 27, 2015 at 10:24 am

In my opinion, we will not see lows of 2009 untill 2035+. The generational cycle topped in 1900-1929-1966-2000 . After those tops, markets went into bear mood for maximum 20 years. As the Kondratieff winter began in 2000, with inflationary impact maximized between 2007-2011, now due to deflationary slow-down, it is possible to proceed with QE`s. The deflationary period will end up somewhere max. 2020/21. The first (not big) recession in the US is scheduled in 2018, with SPY top in 2017.
The question (for Noble price:) is whether the Kondratieff winter ended in 2009 or will last untill 2020/21 ?

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