CHART OF THE DAY

17 thoughts on “CHART OF THE DAY”

gary Post authorJuly 10, 2015 at 2:31 am

I went over the crash scenario in more depth in tonights premium report.
Michele B July 10, 2015 at 6:59 am

Are you suggesting the FED buys the market indices? How? Through the futures market? What evidence is there that the FED does that? Is it not vetoed by FED statutes to manipulate the equity markets?
1. MuffinBottom July 10, 2015 at 9:23 am
  
  sure, the FED controls and manipulates everything, even the market-moving news coming out of Greece
  
  and don’t forget, the “Bullion” Banks control the direction and price of gold and silver
  
  as long as you understand that, you’ll have no problems understanding the manipulation conspiracies that abound in such reports and in King World News and other sites
2. Tom July 10, 2015 at 1:14 pm
  
  Michele,
  
  No, the Fed does not buy stocks or futures. However, the government certainly has the control and power to administer such procedures in times of extreme crises (such as a crashing market) like the current Chinese market.
  
  Once in awhile Gary will spout PPT or “Fed has your back” notions. He is simply alluding to the fact that in a virtually zero percent interest rate environment, individuals and institutions really have nowhere else to put money other than in equities which drives up the prices of stocks.
  
  The PPT (Plunge Protection Team) was created a long time ago to only help in extreme stock market crises. Most recently they were used in 2008 to help cushion the fall in US stocks.
  1. gary Post authorJuly 10, 2015 at 1:23 pm
    
    Interest rates aren’t at 0 anymore. They’ve risen considerably in the last several months. There’s not even any question whether or not the PPT has been intervening in the market since QE3 ended. If they hadn’t the S&P would have followed the transports and European markets lower. They would have deflated just like they did after QE1 & 2 ended.
    1. Jay July 10, 2015 at 5:41 pm
      
      Is it legal for the Fed to be buying equities (or whatever it is they’re doing)?
Stefan July 10, 2015 at 10:43 am

I see a pivot point for stockmarkets first week of August
1. gary Post authorJuly 10, 2015 at 1:15 pm
  
  If there is any shred of free market left then the market should turn and head back down into the normal ICL once Greece fails to make its next payment on July 20.
  1. Stefan July 10, 2015 at 1:58 pm
    
    Totally agree, look at the link i posted below, many smart folks out there!
Stefan July 10, 2015 at 1:32 pm

Look at this chart, centralbanks is about to lose control:

http://spiralcalendar.com/wp-content/uploads/2015/07/070515corlaollaps.gif

Very interesting, markets always win in the end !
Stefan July 10, 2015 at 2:12 pm

The Grexit article:

http://spiralcalendar.com/2015/07/grexit-schmexit/

Impulsive and stupid rally in Sweden today, OMX almost up by +4,5% in two days and almost everyone is bullish going forward. Bought a Bear position today. Lets see how the weekend unfolds … with Tsipras&Co
Crawford July 10, 2015 at 4:15 pm

2075-80 today and then down we go to see 2045 by next week.
1. gary Post authorJuly 10, 2015 at 7:58 pm
  
  Probably rallies through the Humphrey Hawkins speech at least.
  1. Crawford July 10, 2015 at 10:00 pm
    
    statistically speaking OPEX week in JULY each year has been bullish 8 out of 10 times.
James Dubroy July 10, 2015 at 8:57 pm

So much for ‘past’ history. Wait till future history arrives, or has it?
Frank July 11, 2015 at 1:55 am

What the hell. I think the markets are about to drop like a stone. After the recent up and down action, a wave 2 triangle, I think we are about to enter wave 3 of 3 down. Cross your fingers.
1. Jay July 11, 2015 at 4:27 pm
  
  Would be nice to see a normal correction, but we haven’t had one in literally years. 🙂

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