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Stocks Now Most Overbought In A Year
Just two words - "Volumeless" and "Overbought" - but when has that mattered...
Spot The Rally (using the lower pane only)
McClellan Oscillator at a notable extreme...
and the Relative Strength Indicator is once again signaling a trend change...
If you are a dip-buyer, HY has all the upside from here... or maybe, just maybe, the professionals were right to worry and hedge...
Charts: Bloomberg
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When has that mattered?
When there was no more QE?
Just warming the Muppet stew up for a sumptuos meal
my best friend's sister makes $80 /hour on the internet . She has been laid off for 7 months but last month her paycheck was $13987 just working on the internet for a few hours. visit site... www.Yelptrade.com
Cue the 'Elliott Wave' RE-ARCHITECHTS in 5...4...3...2...
1 ~ 2 ~ 3 ~ 4 ~ 5 abcX abcX abcX 1 ~2 ~ OMFG P3!!! ~ QE4 ~ Whew!
Update: this was subwave W(ii) of minor Wave W(1) of major Wave 1 the HUGE P3 down move, went a bit farther than anticipated, sorry if you lost your ass...
don't foget to renew by 10/31 to save on next year's newsletter!!
+1 I kno right? :-)
PS ~ I saved you there b4 the 'sarc~blind' tear our wrists ZOMBIED your @ss
RN Elliott died a pauper. Guess his wave was too long .
lolololololol.....
have you tried ..... point & figure.....
XO
-lol
its a repeat of june/july as QE2 was ending. by the second week of Aug, 2011, stocks were down 20%.
greatly aided by the debt ceiling "crisis" ... resolved august 1st 2011
You know, it's funny that we have not heard that phrase "debt ceiling" in a long time. I guess it just doesn't matter any more when the answer to most money crises is to kick the can as far down the road (or at least until your term in office ends) as possible.
Comes back around again right before elections in late 2015 I believe. If there is a time for things to really start breaking down, late 2015 looks like it.
Oscillators and RSI are meaningless to HFT. Only Muppets use this garbage...and poor advice from Golden Slacks, of course.
At a loss for words. The S&P is up 100 points since the 10/17 close, and that's after it rallied hard off the bottom. This is not a market; it's a farce.
maybe ... but i want to see what the farce does in the teeth of a recession ... won't be long
@wswarrior- "This is not a market; it's a farce." +100. Truer words were never spoken. This market is one of the most manipulated, rigged, and blatantly corrupted entities on planet earth. Whenever I hear those clowns on tv speak of "the free market", I literally want to strangle them. The market has never been free, however they are more audacious and throw the manipulation right in your face. Basically implying, "what the fuck are you little people going to do about it."
Lesson number one; the markets always right!
Did you ever consider you might be really dumb? Five year trend and you still can't recognize it?
I guess if you'd made money shorting stocks you be brilliant but when you lose it it's got to be somebody else is manipulating it because it couldn't be your stubborn stupidity.
FOMC statement tomorrow - don't be caught short again, goyim!
Fool me once, shame on you, fool me 37 times, umm...
Buy the rumour. Sell the news.
lol good luck, they can promise zero rates until 2099, no downside ... with strong dollar, market will love it! we may crack 2000 tomorrow
yeah, i wouldn't be shorting ... expect no less than A LOT of soothing talk from yellen
No matter what ol Yellin says, the financial teabag readers will tell us it's good news.....VERY good news indeed.....and indexes will rocket past record highs probly.
They need the shorts so they can make more longs. Well, they did ten years ago, anyway. Who knows what they have discovered since then?
Except that..., German nominal rates have gone negative, out to the three year. I see that mostly as a vote of no confidence in the EU.
But can you imagine what the hedgies would do with that shit here?
we ''MAY'' crack 2000 tomm?
ID BET EVERYTHING I FUCKING HAVE WE CRACK 2000 TOMM, THIS ''MARKET'' IS THE BIGGEST FUCKING JOKE I HAVE EVER SEEN. THERE IS NO WAY WE DO NOT CRACK 2000 TOMM.
DEATH TO ALL BANKERS AND EVERY FUCKING PERSON WHO WORKS ON THAT SCUM STREET THEY CALL WALL ST
-ROFLMAO....
literally....
remeber this.... this market has ALWAYS favored the insiders..... no matter how smart you are, how good you [think] you are -giving yer T/A skills (might as well be voodoo, point and figure, or ANYTHING you like)...
the real (and ONLY) question that matters is....
ARE YOU AN INSIDER ?
if YES.... then keep on playing the market...
if NOT... then.... beware of WHEN they switch the switch.... as you will be KILLED (financially speaking)
My memory is a bit rusty here and I can't be bothered looking it up again:
From Michael Lewis' s The Big Short: It wasn't enough to find someone willing to take the losing trade. You had to make sure that they would pay up as they lost. Preferably on a daily basis.
A few years after that book was written: What were those CDSs that never got "triggered"?
I think its finishing red tomorrow. No more QE (for a while), so unless the fed are in buying htem themselves tomorrow, i think you see them red (along with bonds)
I think so too; and it'd better; cause that's the last day I can hold on. I'm down $4,000 on my stupid ass S&P shorts; and not amused. Theoretically, you should have the rally day first to set things up for my (mythical?) progammatic sellers. Somebody must be smart enough to get off this gravy train; they were sure jumping ship a week ago.
My modest savings are invested 100% in gold, silver, cash, and the "stuff" I need to live.
Fuck a bunch of markets!
hairball :)
Yep, DOW can go to 18,000 tomorrow I don't really give a shit, they can run their scam but it will be without me!
the business cycle has not been repealed
per NBER recession calls
march 2001 - november 2001
december 2007 - june 2009
6 years 1 month between
when we enter november it will be 5 years 5 months into the "recovery"
I believe they will go higher. Just watch what happens when Japan and Euro bonds bite the dust.
after yellen does her little tap show, markets should rocket, perhaps to all time highs, and then we should tank a few days later
this is like Orwell's 1984 - everyone knows what's going on, but no one talks about it nor seems to care
Tue Nov 4 is barry's shellacking date - if we hold until the 4th, the downside should commence shortly thereafter - like it did in 2012
huh?? we bottomed the day after 2012 elections, 1343 SPX or so - ...
Look @ the weekly and monthly charts for Rut, NDX, Dow, ES...
Seriously? If you can't spot the sucker at a poker game in 10 minutes,"you're the sucker".
This fucking " shell game" has been levitated by central banks for well over (5) years. Look at the charts and the indicators.
At some point GRAVITY takes over... When that singularity happens upon US, has eluded me, for far too long.
I wish I could take the equity complex, launch it at light speed with return coordinates of 12 months. ( time dilation)
When index start trading 8-10% down and up in 3 weeks you know that we're Japan. I look at Tesla today and have to laugh. Can $100 billion dollar market cap be that far off
Jamie D: "Volume ?! We don't have to show you any stinkin' volume!"
Tuesday October 21. 2014 fits the following description;
The next step is to wait and watch for one or more of the four market indices to show a “follow-through day.” This is a day where the index closes up significantly on volume heavier than the previous day. The S&P 500 or NYSE Composite typically need to close up 1.7% or either the Nasdaq Composite or Dow Industrials need to close up 2.2% or more. The first three days of an attempted rally are too soon to judge if the market confirms its new uptrend by having a follow-through day. Follow-through days can happen on the fourth day or later of the rally attempt.
http://www.zerohedge.com/news/2014-10-17/how-recognize-them-visual-histo...
Fuck this shit, lets talk about Kim Kardashian's ass some more.
Sounds like something I could get behind.
Show the McClellan summation index, it needs to come up a little more to neutral out.
This market has become so obviously sick and rigged and managed by the 0.01% - see the latest monthly candle - that every single dumb sheep which still plays this game of the sharks - rightly - deserves to be fucked and fleeced.
In my view - everybody who still knows what honesty and fairness means - simply HAS to refuse to still be part of this game and of its riggers. Regardless of whether he wins some or looses some.
It's a matter of "do I want to be part of this evil money changer circus", enslaving the whole planet - or am I for honest work and fairness and for still a future for our kids.
This is not a matter of profits anymore - this is a matter of what is right - and what is wrong.
This is about being part of widespread financial fashism and dictatorship - or about still owning a soul which still knows what is evil and what is human - and which refuses to sell itsself for the (empty) promise of 3 silverlings.
This is about standing on the right side - or on evil's side.
Based on global equity flows (aka "flight to quality"), I estimate the fair value of VIX to be 37.50. Remember, VIX was over 30 just a short while ago.
Based on high yield bonds, I estimate the S&P500 should be about -351pts (-18%) lower.
Such opinions are on the basis that a correction would be a healthy/beneficial thing as part of the natural flow/order of things. Not gloom & doom per se.
I admit that is both amazing and frustrating that such moves do not occur and the S&P ends up +23 on the day. I understand that small caps were oversold, but the sharpness of the rally has gone from "predictable" to "delusional."
Futures already moving up for the kill tomorrow...FB, who cares? IBM, AMZN, TWTR...who are they? Durable goods? Never heard of it. Housing...give me a break. The FED will always show who's boss, even when it is capitulating on QE. It's not a matter of IF the market will reprice...it's when they allow it.
Where as "they" are not just the fed - but all the major banks - in one single stinking money changers bed. This irrational monthly candle explains it all. Only ultra dumb sheeple will continue to be part of this "Let's fuck the hell out of these stupid gamblers" aka rush this SnP 200 points south within a night - and within another night rush it again 200 pts north.
Such moves are neither coincidence nor moves which happen in a normal market. This is pure fleecing and fucking the sheep - by the market makers, which are ultimately the banks and money changers.
Every sane person long is done with this casino.