Tom DeMark: "Sell The World" And Soon, The US

Tyler Durden's picture




 

Because there are still some traders who adhere to such old normal traditions as charting and technical analysis (because apparently the FOMC committee sits down each month and observes Ichimoku clouds, RSI indicators and Bollinger bands), it is probably notable that one of the most respected chartists, Steve Cohen's favorite technician Tom DeMark, is now uniformly bearish on virtually all markets around the world which have triggered a sell signal in his studies, and is about to drop the axe on the US as well where a "Daily 13" signal is imminent. The caveat, of course, is that in a world in which fundamentals haven't mattered in years, why should technicals?

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Fri, 01/11/2013 - 10:54 | 3144066 GetZeeGold
GetZeeGold's picture

 

 

Hmmmm Dollars or Euros......Euros or Dollars?

Fri, 01/11/2013 - 10:57 | 3144080 Water Is Wet
Water Is Wet's picture

If only there were other options...

Fri, 01/11/2013 - 10:59 | 3144089 Unprepared
Unprepared's picture

Eurodollars?

Fri, 01/11/2013 - 11:07 | 3144116 THX 1178
THX 1178's picture

Physical precious metals.

Fri, 01/11/2013 - 11:09 | 3144120 Pladizow
Pladizow's picture

Aaaannndd its the 13th in 2 days!

Fri, 01/11/2013 - 11:45 | 3144241 mayhem_korner
mayhem_korner's picture

 

 

Would seem the union dock workers don't have quite the negotiating leverage they believe...

Fri, 01/11/2013 - 12:07 | 3144297 Texas Ginslinger
Texas Ginslinger's picture

From a FT article this morning;

"...US equity funds drew in $18.3bn in 2013’s first full week of trading, making it one of the busiest weeks on record as investors took advantage of the positive market conditions in the wake of a compromise deal on the US fiscal cliff.

Thomson Reuters’ Lipper service said the week to January 9 was the fourth largest for net inflows of equity funds since it began calculating weekly flows in 1992.

The data, which include exchange traded funds, come as global equities have reached multi-year highs..."

http://www.ft.com/home/us

Investors are bailing out of bonds.  An article I saw a few days ago said Buffett and Soros are selling a lot of their equities.  Not sure if they were just looking for an end-of-the yaer tax break. 

Fri, 01/11/2013 - 12:24 | 3144314 French Frog
French Frog's picture

Has Tom not heard of the Fed?

Probably just another cheap trick to suck in some more shorts...

Fri, 01/11/2013 - 14:20 | 3144846 Panafrican Funk...
Panafrican Funktron Robot's picture

Probably also hasn't heard of bayesian updating.

Fri, 01/11/2013 - 11:13 | 3144134 FromGaltsGulch
FromGaltsGulch's picture

I subcribe to Demark..I got a 13 on the close yesterday..I beleive the interview was during the day when it was still a "12"..

Fri, 01/11/2013 - 11:13 | 3144135 FromGaltsGulch
FromGaltsGulch's picture

I subcribe to Demark..I got a 13 on the close yesterday..I beleive the interview was during the day when it was still a "12"..

Fri, 01/11/2013 - 11:35 | 3144215 cognus
cognus's picture

I thought he said 1474.50 was the hurdle...  market closed 1472...

ONward through the fog to the blowoff! full steam ahead pension fundies

Fri, 01/11/2013 - 13:41 | 3144671 Carl Spackler
Carl Spackler's picture

...and don't say Loonies    

Not an option as their are plenty of those in the good ol' US of A today, starting with Washington DC.

Fri, 01/11/2013 - 11:22 | 3144169 King_of_simpletons
King_of_simpletons's picture

Yahoo Poll: More than $19 billion flowed into U.S. equity funds this week, the fourth-highest uptick since 2000. Are you getting back into the game?

AKA. Time to sell. Sheep moving in for the slaughter.

Fri, 01/11/2013 - 13:45 | 3144683 Carl Spackler
Carl Spackler's picture

 

Somebody has to be there to take out the Longs and hold the bag (albeit, an empty one).    

Enter... the victims.

This is how "profit taking" works.

Fri, 01/11/2013 - 11:23 | 3144174 Bicycle Repairman
Bicycle Repairman's picture

"Hmmmm Dollars or Euros......Euros or Dollars?"

No escape.

Fri, 01/11/2013 - 11:35 | 3144217 CcalSD
CcalSD's picture

Sell Sell Sell

Fri, 01/11/2013 - 15:05 | 3144991 scatterbrains
scatterbrains's picture

or FSG even should the tracers start flying over in Japan ?

Fri, 01/11/2013 - 10:55 | 3144072 francis_sawyer
francis_sawyer's picture

I like that graphic on the screen... Reminds me of 'The Joker's Wild'...

~~~

Joker.... Joker.... JOKER!

Fri, 01/11/2013 - 14:12 | 3144818 oddjob
oddjob's picture

Joker.... Joker.... pot luck picks.

Fri, 01/11/2013 - 10:55 | 3144075 ricky2
ricky2's picture

Backwards!?!?!

Fri, 01/11/2013 - 10:56 | 3144076 slaughterer
slaughterer's picture

I am selling Earth, but buying the moon on the rumor that AMZN is going to put a fulfillment center up on it soon to avoid taxes.  

Fri, 01/11/2013 - 11:00 | 3144082 otto skorzeny
otto skorzeny's picture

I'm noticing amazon's prices on products are rising and I see Target is starting to price match amazon also. Target is putting in WiFi so you can look at comparable prices online and then you can show them at checkout to get the better online price applied to your purchase. bad news for AMZN? now if Target would just start stocking ammo and 30 round mags.

Fri, 01/11/2013 - 11:27 | 3144187 NoDebt
NoDebt's picture

Nobody is going to be stocking 30 round mags in the very near future.  Biden is to report back to "that guy" on Tuesday.  Like the outcome isn't already pre-determined, right?  But it makes for a good show and gives Biden something to do.  I figure the Executive Orders will be issued within a week or two after that.

A 9-10 round limit on magazine size is such a no-brainer you can pretty much take it to the bank it will be covered in the first "Assault Weapon Ban" E.O. off his desk.

Fri, 01/11/2013 - 12:57 | 3144471 IrritableBowels
IrritableBowels's picture

Can't find CCI #400's ANYWHERE

Fri, 01/11/2013 - 13:26 | 3144598 Common_Cents22
Common_Cents22's picture

Good move for Target's survival if they can streamline supply chain.   Best Buy ignored and didnt respond fast enough to Amazon at their peril.

I think the future of retail will be some level of supplier consignment to stock retail stores.   Similar to parts suppliers to auto companies where the parts inventory are stocked by supplier on shop floor and invoiced as soon as they are used.   Big retail will probably go this route more and more.

Secondly, the barcode scan/wifi/QR mobile scan will be the standard for people to scan the code and see an informational video on the product, and get access to reviews.   Retailers will sell much more stuff with an informed consumer.

Fri, 01/11/2013 - 13:31 | 3144623 catacl1sm
catacl1sm's picture

BB died to me when they employed an intranet that looked like their internet site in stores that showed jacked up prices compared to the internet prices. bastards. They deserve everything they get. I might stop by when they have their liquidation sale.

Fri, 01/11/2013 - 10:56 | 3144078 otto skorzeny
otto skorzeny's picture

how can this guy know anything-he's not even a JIJ (juiced-in jew)?

Fri, 01/11/2013 - 11:12 | 3144130 tango
tango's picture

He got his info from European dumbasses, you know those with funny last names.

Fri, 01/11/2013 - 11:20 | 3144158 retiringteach
retiringteach's picture

fuck you-bet you're the poorest in your trailor park-or park bench

Fri, 01/11/2013 - 11:45 | 3144229 otto skorzeny
otto skorzeny's picture

I'll take that with a grain of salt from a guy who can't spell "trailer" correctly. And don't worry -bitch-my real estate taxes are more than you gross in a year.

Fri, 01/11/2013 - 12:41 | 3144416 Itch
Itch's picture

Why do pricks like you keep bigging up the Jews? Im going to stop calling them jews and start calling them Super-jews, Omni-Jews...they are parting the proverbial fucking waves every time some prick opens their mouth. Do you know why they are on top of their occupations and vocations? Because they are neurotic and paranoid as fuck, they are trying to compensate for all manner of things, the main one is that people keep trying to burn them and fill their jewish lungs full of poisonous gas. People keep trying to blame them for they’re lives being shit...its a virtuous circle for jews; the more that pricks want to snuff them out in Auschwitzian wet dreams, the more they will put measures in place to see it never fucking happens! ergo, if you want Jews off the top spots….stop trying to imply that they should all be massacred. 

Fri, 01/11/2013 - 12:48 | 3144432 buzzsaw99
buzzsaw99's picture

souper joo

soup nazi

souper joo nazi

souper dooper joo-per pooper

souper dooper joo-per pooper scooper

Fri, 01/11/2013 - 13:00 | 3144482 Itch
Itch's picture

Didnt those lyrics start off as an ABBA song... but the A&R people had to cut the shit out of it.

Fri, 01/11/2013 - 13:50 | 3144701 trav777
trav777's picture

nobody suggested they should be massacred.

And they were behaving this way LONG BEFORE the 1940s.

Of course, everyone else is to blame for the group's behavior.  They cry out in pain as they strike.

Fri, 01/11/2013 - 13:55 | 3144731 Itch
Itch's picture

We all know what he solutions are, lets not pretend we don’t understand the herd and the implications arising from its arousal.

Fri, 01/11/2013 - 14:07 | 3144795 francis_sawyer
francis_sawyer's picture

We have been nauseatingly reminded about the fact that previous 'solutions' were done in poor taste & execution...

~~~

The problem is, therefore... The future... If, due to your 'explanation' as to their PARANOID behavior, they push that reaction envelope too far... & Keep stealing peoples money... I can all but assure you that they'll WALK THEMSELVES into the proverbial ovens of the future... It won't be me that put them there (because I'm trying to give fair warning here)... It'll be at the hands of people who are far less tolerant than myself...

Fri, 01/11/2013 - 14:36 | 3144887 Itch
Itch's picture

Oh yeah, "it wont be you that puts them in the ovens", it wont be you that tells everyone they are stealing peoples money through methods they are too stupid to understand, and it wont be you that lights the proverbial match, it will be people far “less tolerant “of them stealing all the money. Have you fucking heard yourself lately? You're a stupid cunt of man.

"Poor taste"? What the fuck does that make you... nonchalantly blasé about extermination? You’re a stupid poisonous cunt, and you should close your mouth surgically.  

Fri, 01/11/2013 - 15:14 | 3145022 francis_sawyer
francis_sawyer's picture

Well ~ Since you asked... & for the record... I'm no more 'nonchalantly blasé' about the Holocaust than I am about the Holodomor...

~~~

As for closing my mouth surgically... I'll leave it up to deep thinkers like yourself to determine if THAT is the proper solution which will put humanity on the path to prosperity, equality, & freedom...

Fri, 01/11/2013 - 15:29 | 3145082 Itch
Itch's picture

Has nothing to do with deep thinking, stop trying to turn this pathetic skirmish into some kind of pro/anti chin stroking debate. Heh, and when you talk about "prosperity, equality and freedom"(talk about muddying the waters?); yourself being a moaning yank, i would gladly concede you know next to nothing about atleast two of the three. Considering that the majority of the planet lives off a $1 a day, you can guess which two i'm hinting at. Freedom? equality? Freedom to kill and freedom to be $$$ more equal than others? Makes sense. There has never been a breeding ground more fertile for fascism. Youre a case in point.

Fri, 01/11/2013 - 16:38 | 3145377 francis_sawyer
francis_sawyer's picture

You asked me a direct question... You said:

""Poor taste"? What the fuck does that make you... nonchalantly blasé about extermination? You’re a stupid poisonous cunt, and you should close your mouth surgically."

~~~

I responded with a direct answer & now you're lamenting about a chin stroking debate...

You insist that my mouth should be closed surgically... [and then accuse me of fostering 'facism', making ME your personal poster boy]...

Ummmmm... Carry on [I suppose]... If you want to practice your punctuation techniques in the process, I'll be patient [& meanwhile use the pro-offered time to perfect my alliteration skills]..

Fri, 01/11/2013 - 17:56 | 3145604 Itch
Itch's picture

You're full of shit.

Fri, 01/11/2013 - 16:32 | 3145354 TPTB_r_TBTF
TPTB_r_TBTF's picture

.

Because they are neurotic and paranoid as fuck...

Maybe they have a guilty conscience?

 

Unfortunately, any deep-down discussion of [Central Banking] involves the Jewish question. We cannot honestly discuss the subject without revealing—and commenting on—the fact that the founders of [Central Banking] were Jewish. ... These are facts of history over which we have no control. But we are faced with the very serious problem of how to reveal these facts without being labeled—and treated—as "anti-Semites."

Behind it

 

 

Fri, 01/11/2013 - 22:12 | 3146251 Itch
Itch's picture

"But we are faced with the very serious problem of how to reveal these facts without being labeled—and treated—as "anti-Semites."

 

What he really meant was that he was faced with the very trivial meathead problem of stating "there is no way to be anti-semite without sounding anti-semite". The same way as the clan try to be anti-nigger without sounding anti-nigger... its just so much of an oxymoronic argument. If truth be told, there cant actually be an argument between us because nothing is ever actually stated; its up to you to know the bounds of your jew hate, and up to me to figure where the bounds lie. I dont see that as an argument, I see that as a pain in the hole. 

 

Fri, 01/11/2013 - 10:56 | 3144079 Cognitive Dissonance
Cognitive Dissonance's picture

"....and is about to drop the axe on the US as well where a "Daily 13" signal is imminent."

I was hoping for the Daily Double, but I will settle for this. 

The only way the Fed would let the market drop more than 10% is if they want it to drop to further some other agenda.

Fri, 01/11/2013 - 11:14 | 3144140 Spastica Rex
Spastica Rex's picture

The market need never drop again.

Until the wheels come off completely.

I believe this is a 100% unpredictable event.

Fri, 01/11/2013 - 11:31 | 3144205 Bicycle Repairman
Bicycle Repairman's picture

"I believe this is a 100% unpredictable event."

The FED's job is to hide that event as best they can. Another job is to set up traps to rip the face off of any investor who bets on collapse.  If you want to win that bet you'll have to outlast the entire power structure.  If you are a trader, you won't make it.

Fri, 01/11/2013 - 11:45 | 3144244 otto skorzeny
otto skorzeny's picture

like K.Bass says- the govt's job is to instill confidence- most of which comes from lying.

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