32 thoughts on “CHART OF THE DAY

  1. emma

    love the chart.

    Thing are sure getting interesting. There might be similarities to a few years ago, on this chart ==> http://www.bit.ly/1OjUHXw

    Basically that is when people said we would crash, and we rallied for like 13 months straight, had a break and then rallied again. I just for the love of sanity CANNOT keep listening to people who keep saying this market will crash.

    There is no where else to invest but EUROPE and US, earnings are good, and FED keep bullcrapping on about raising rates, and then at the last minute pull out. They have no credibility right here. I think they will not raise rates for years. Guess we wait and see.

  2. emma

    love the chart.

    Thing are sure getting interesting. There might be similarities to a few years ago, on this chart ==> http://www.bit.ly/1OjUHXw

    Basically that is when people said we would crash, and we rallied for like 13 months straight, had a break and then rallied again. I just for the love of sanity CANNOT keep listening to people who keep saying this market will crash.

    There is no where else to invest but EUROPE and US, earnings are good, and FED keep bullcrapping on about raising rates, and then at the last minute pull out. They have no credibility right here. I think they will not raise rates for years. Guess we wait and see.

  3. victor

    this rally is a gift for anyone who wants to get out of the stock market at near all-time highs….

    1. Gary Post author

      Yeah but what if stocks are starting a 12-18 month bubble phase that is about to increase 100% or more? There are certainly many trillions of global currency units available to drive it.

      1. Jorgy

        100% rally from here is NEVER going to happen. Given the stupidity of policy makers we just get to swan dive from a higher platform. Smart Money bailed on this market back in May and is derisking. Anyone long equities is picking up pennies and nickels ahead of a steamroller. As soon as the bears (shorts) capitulate we’ll rollback over faster than we ripped out of September lows.

  4. Jorgy

    Gold’s getting ready to break it’s intermediate trendline which sits at 1124 if it can’t print it’s DCL and mount a rally. Needless to say it is make or break time for gold since it just lost it’s 50 MA. Considering how overbought the broader market averages currently sit I’d suggest traders get flat, go on a month long vacation, or better yet, take the rest of the year off… ๐Ÿ™‚

  5. zkotpen

    Jorgy,

    Any chance you could convince my landlady to take the rest of the year off in collecting rent payments? ๐Ÿ™‚

    1. Jorgy

      Shoot me her # and I’ll have a serious discussion about a 100% rent reduction. Please tell me that you are not trading full-time for rent money? ๐Ÿ˜‰

  6. Anthonyo

    โ€œBeauty without the beloved is like a sword through the heart.โ€
    โ€• Dante Gabriel Rossetti

    “Bear market without a bottom made is like a straw in the wind.”
    __ Me

    1. William

      If this not what it is as seen by my eyes, then, i probably won’t mind shorting the beast, that is until and unless this weekly pattern is also being invalidate!

  7. AlexP

    As I was commenting last week and yesterday morning, correlation btw USD-SPX shows today budding signs of turning negative with the direct consequence of increasing even further the probability of:
    – USD producing the much-awaited monthly swing high to confirm we are in YC#2 since Aug25 (YCL on Aug24)
    – SPX moving a daily cycle low on Friday –> yesterday upthrust was a lousy blowoff, I say “lousy” because normally blowoffs produce extreme volumes while yesterday’s move was [slightly] below-average.

  8. Trond

    Cup and handle patterns have a 2/3 chance of success, but only after the neckline has been broken thru (preferably on good volume). Before the neckline is overcome, the chances are bit less than that. (& A failed pattern sometimes creates panic in the opposite direction..).

  9. Tech_trac

    Until the $USD$ loses its Reserve Status, talk of its demise “is premature”
    otherwise,what’s the purpose of the currency wars? Who doesn’t want or need to trade with us? Who isn’t happy to receive $USD$ ZIRP vs NIRP?
    the only ingredient lacking is another SMOOT -HAWLEY

  10. Anthonyo

    1) Look, the US dollar is poised for substantial new gains in the weeks and months ahead. The chief reason: The plunging euro.
    Euro has now broken some minor technical support at the 1.10 level, and should continue to move lower, reaching as low as 1.04 to the dollar by year-end. Then, even lower into the first quarter of the new year.

    2) DO NOT think for a minute, and under any circumstances be deceived into thinking the US stock market is going to continue to rally and simply rocket higher in a new bull market bubble phase. Nope. That time will come โ€“ but not until the market shakes out all the excesses of the past six years with a scary and swift decline that gets everyone bearish.

Comments are closed.